05:15 AM EDT, 06/13/2024 (MT Newswires) -- Spire Global ( SPIR ) has signed a memorandum of cooperation with Thales and European Satellite Services Provider, or ESSP, to develop global satellite-based surveillance services for the air traffic management sector and the broader aviation market, the companies said Thursday.

Spire will be in charge of the space segment, covering system design, and building the satellites and payloads. Thales will cover the ground air traffic management system and the service supervision infrastructure, while ESSP will work on the certification and delivery of the service.

The companies said they aim to certify, commercialize, and start operations of the service by 2027.

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