Apr. 24 at 10:15 PM
$SPIR On April 23, 2026, Spire Global Canada Subsidiary Corp. disclosed that the Canadian government, represented by Public Works and Government Services, terminated for convenience its contract for the design and development of the WildFireSat satellite constellation to monitor wildfires for the Canadian Space Agency, effective immediately. The contract, which could have reached a total value of Can
$71.8 million if all milestones were met, will now move into a settlement phase in which Spire may submit a proposal by May 7, 2026, to recover certain costs related to the termination, introducing uncertainty around expected revenue and project execution tied to this Canadian wildfire monitoring initiative.
