Spire loses Can$71.8M WildFireSat contract as Canadian government terminates deal

Filed April 24, 2026 · Period ending April 23, 2026 · ~1 min read

Key Changes

• high

  Canadian government terminated Spire's contract to build WildFireSat satellite constellation for wildfire monitoring, effective immediately April 23. Contract was worth Can$71.8M if all milestones achieved.

  Item 1.02 verify on EDGAR →
• medium

  Termination was 'for convenience' rather than for cause, meaning government exercised contractual right to exit without alleging performance issues.

  8-K: Contract termination verify on EDGAR →
• medium

  Spire may submit settlement proposal by May 7, 2026 to recover costs already incurred under the contract. Amount of potential recovery not disclosed.

  Item 1.02 verify on EDGAR →