Spire Global, Inc. SPIR has been selected for a multiple-award, indefinite delivery indefinite quantity, or IDIQ contract by NASA to provide Earth observation data.
The contract is for NASA's Commercial Smallsat Data Acquisition (CSDA) Program.
Spire has participated in the agency's CSDA Program since its pilot in 2018.
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The contract will be effective for five years, with the opportunity to compete for task orders under a $476 million shared ceiling amongst all contractors selected.
Spire will provide NASA with its comprehensive catalog of Earth observation data, associated metadata, and ancillary information from its fully deployed satellite constellation to support NASA's Earth science research and application activities.
The data includes GNSS radio occultation (GNSS-RO) soundings, GNSS Reflectometry data (GNSS-R) to measure sea ice, Space weather measurements of electron density, Satellite state vector, and Magnetometer observations, among others.
"Our long-standing work with NASA and the CSDA Program uniquely positions us to continue delivering high-quality Earth observation data and innovative solutions that contribute to a more sustainable future," said Chuck Cash, vice president of federal sales at Spire.
Price Action: SPIR shares are trading higher by 1.81% to $4.49 on the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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