Spire Global Awarded $28 Million NOAA Contract to Advance Hyperspectral Microwave Sounding Technology
Spire Global (NYSE: SPIR) was awarded a two-year, $28 million contract by NOAA to advance hyperspectral microwave sounding technology toward operational weather-forecasting use. Under the agreement, Spire will build and qualify a matured satellite and hyperspectral microwave instrument using its existing technology stack.
Why it matters — The NOAA contract validates Spire's satellite technology and expands its role in operational weather forecasting, potentially opening a new revenue stream for the company.