Spire Global Advances on DoD Contract for Up to $151 Billion
By Elias Schisgall
Shares of Spire Global were higher after the satellite-data and analytics firm received a contract from the Department of Defense for up to $151 billion.
The stock was up 4.7% at $7.35 in Thursday morning trading, and has fallen 47% this year. Shares had fallen on Wednesday after the company widened its third-quarter loss and guided for a double-digit revenue decline.
The company said Thursday it had received the indefinite-delivery/indefinite-quantity contract for the Missile Defense Agency's Scalable Homeland Innovative Enterprise Layered Defense system.
"This contract encompasses a broad range of work areas that allows for the rapid delivery of innovative capabilities to the war-fighter with increased speed and agility," the company said.
It said it would use its radio frequency analysis capabilities to deliver intelligence for the missile defense system.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
December 18, 2025 10:45 ET (15:45 GMT)
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