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DSEI 2021: Spire targets defence expansion

22nd September 2021 - 09:07 GMT | by Ian Parker in London

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Spire Global harnesses data from the maritime Automatic Identification System. (Photo: Spire Global)

US space data firm Spire wants to grow its government and defence business.

US space-based data provider Spire Global announced on 14 September that it is buying Canadian vessel-tracking firm exactEarth for approximately $161.2 million in cash and stock.

The deal expands Spire into space-based maritime data and the digitalisation of the global maritime industry, but the company also envisages increasing its presence in the government and defence services business.

Ram Vadlamani, sales manager at Spire, told Shephard during DSEI that he expects that the company to increase its government and military business above its current share of 25% of overall turnover.

Spire offers four key services: weather and situational awareness; global asset …

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