Spire Global Joins $151 Billion Pentagon Missile Defense Contract Pool

Spire Global, Inc. (NYSE:SPIR) scored a seat at the table on the Pentagon’s $151 billion SHIELD contract vehicle, positioning the company for future defense work just as disappointing earnings and a trimmed outlook exposed ongoing financial headwinds.

The satellite-data company said it was selected for the U.S. Missile Defense Agency’s Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) program, an indefinite-delivery, indefinite-quantity contract vehicle with a ceiling value of $151 billion that allows approved vendors to compete for future defense task orders.

The award positions it to deliver space-based intelligence to U.S. and allied defense partners using its fully deployed satellite constellation.

Also Read: Preview: Spire Global’s Earnings

The company’s systems collect and analyze radio-frequency signals to support persistent monitoring, real-time geolocation, detection of GNSS interference and spoofing, emergency ...

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Spire Global Joins $151 Billion Pentagon Missile Defense Contract Pool

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