Spire Global Partners With SNC On Space Services Program

Spire Global Inc SPIR has partnered with Sierra Nevada Corporation (SNC) on a space services program. Deal terms were not disclosed.
SNC provides tailored solutions to government and commercial customers with technological applications.
Spire will build four 6U LEMUR satellites for SNC to conduct RF collection and analysis.
Spire’s cluster of four 6U satellites will enhance SNC technology that detects and geolocates certain objects based on targeted RF emissions.
The program will provide valuable insight into how military and government organizations can better manage RF emissions and safeguard against RF and GPS interference.
Price Action: SPIR shares are trading lower by 0.50% at $2.00 during the premarket session on Monday.