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Viasat Inc. (NASDAQ: VSAT) is a global communications company committed to ensuring that consumers, businesses, government agencies, and military operations remain connected through fast and secure internet and communication services. With a significant focus on satellite-based technologies, Viasat delivers high-speed broadband services, innovative communication systems, and secure government communication solutions through its three main segments: Satellite Services, Commercial Networks, and Government Systems.
Satellite Services: Viasat's satellite services segment provides satellite-based high-speed broadband to a diverse range of clients, including residential consumers, corporate enterprises, and commercial airlines. If you've ever used in-flight Wi-Fi on airlines such as JetBlue or United, you've experienced Viasat's connectivity solutions firsthand.
Commercial Networks: This segment focuses on the development of end-to-end communication systems and connectivity solutions. It supports various markets by providing robust and scalable communication infrastructures designed to meet both current and future demands.
Government Systems: Viasat's government systems segment specializes in producing secure, network-centric communication systems tailored for military and government applications. These solutions ensure that critical communication needs are met with the highest standards of security and reliability.
Viasat generates a substantial portion of its revenue from the United States, while also expanding its market reach across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region. The company’s recent achievements include major partnerships and projects that highlight its growing influence in the global communications market.
Recent Achievements and Projects:
- Royal Jordanian Airlines: Viasat has been selected to provide high-speed in-flight Wi-Fi across multiple fleets of Royal Jordanian Airlines, enhancing passenger experience on both short-haul and long-haul routes.
- Korean Air: Viasat will extend its in-flight connectivity services to an additional 40 aircraft in Korean Air's fleet, bringing the total to 70 aircraft equipped with Viasat's high-speed connectivity solutions.
- NexusWave: Viasat's subsidiary, Inmarsat Maritime, launched NexusWave, a fully managed connectivity service that integrates multiple high-speed networks to provide seamless global coverage for maritime operations.
- Partnership with Azercosmos: Viasat is collaborating with Azercosmos to bring its reliable L-band satellite services to Azerbaijan, expanding connectivity for industrial applications in remote locations.
- Energy Services: Viasat has launched an enhanced managed communications service for the oil and gas sector, incorporating low Earth orbit (LEO) satellite capacity to deliver flexible and robust connectivity solutions.
Financially, Viasat continues to demonstrate strong performance, with regular updates on its earnings and strategic initiatives. The company recently completed its acquisition of Inmarsat, further solidifying its position as a global leader in satellite communications.
For career opportunities at Viasat, visit the Viasat careers page.
Viasat (NASDAQ: VSAT) announced a significant reorganization of its senior executive team, effective January 22, 2025. Craig Miller, previously President of Global Space Networks, transitions to Senior Vice President of Strategic Initiatives, working directly with CEO Mark Dankberg. Girish Chandran, the current Chief Technology Officer, expands his role to become President of Global Space Networks.
Notable changes include the departure of Guru Gowrappan, current President, who will serve in an advisory role through April 2025. Gowrappan's exit follows his successful leadership of the Inmarsat acquisition integration. The company does not plan to replace the President position.
Viasat has reaffirmed its fiscal year 2025 financial guidance as previously announced on November 6, 2024.
Viasat (NASDAQ: VSAT) has been selected by NASA as one of four commercial companies to support the Near Space Network (NSN) Services contract, a five-year IDIQ program with a potential five-year extension and total value of $4.82 billion.
Initially, Viasat will provide global ground segment support services through its Real-Time Earth (RTE) Ground-Segment-as-a-Service network, offering multi-gigabit per second downlinks across six continents. The company has partnered with ATLAS Space Operations and Alaska Satellite Facility to deliver a modern satellite ground network.
The contract aims to provide commercial ground and space relay services for NASA missions from low Earth orbit to two million kilometers from Earth. Currently, NASA uses commercial providers for about 36% of its direct-to-Earth services, indicating significant growth potential. The contract aligns with NASA's strategy to leverage commercial capabilities for mission communications and navigation requirements.
Viasat (NASDAQ: VSAT) has completed the sale of its Energy Services System Integration (SI) business to MAG Capital Partners. The SI business, which was acquired through RigNet in 2021, provides engineering design and telecom systems support for critical infrastructure projects. The transaction includes the transfer of approximately 80 employees and the SI facility in Aberdeen, Scotland to the new company, Nessco. No locations are expected to close due to the sale.
According to CFO Gary Chase, this divestiture aligns with Viasat's strategy to enhance its financial position and streamline its portfolio, as the SI business had minimal strategic synergies with Viasat's core growth operations. Imperial Capital, acted as the exclusive financial advisor for the transaction.
Viasat (NASDAQ: VSAT) has been selected by the Defense Innovation Unit (DIU) to provide networking capabilities for the Replicator initiative, focusing on command and control connectivity for unmanned systems. The company will deliver its Multi-Domain Uncrewed Secure Integrated Communications (MUSIC) architecture, an optimized configuration of Viasat's NetAgility software-defined networking capability.
The project, known as ORIENT (Opportunistic, Resilient & Innovative Expeditionary Network Topology), aims to enable seamless and resilient connectivity of autonomous systems using multi-transport pathways. Viasat has been developing the MUSIC solution with the Office of Under Secretary of Defense for Research and Engineering for 18 months, recently demonstrating its application in connecting autonomous maritime systems during the Autonomous Warrior 24 exercise in Australia.
Viasat (NASDAQ: VSAT) has successfully demonstrated direct-to-device (D2D) satellite connectivity for the first time in the United Arab Emirates, marking its third successful showcase this quarter following demonstrations in India and Saudi Arabia. The company, in collaboration with Skylo and TDRA, successfully sent satellite-enabled two-way messages and SoS messages using commercial Android smartphones enabled for non-terrestrial network connectivity.
The demonstration utilized Viasat's L-band satellites orbiting above Asia and was enabled by 3GPP standards-based NTN service infrastructure. D2D technology allows everyday devices to connect seamlessly to both terrestrial and satellite connectivity without additional hardware, following new global mobile 3GPP release 17 standards.
Viasat (NASDAQ: VSAT) has secured a five-year, sole-source IDIQ contract through the U.S. General Services Administration with a $568 million ceiling. This follow-on award extends a previous 2019 IDIQ contract to support the migration of C5ISR capabilities from Special Operations Forces to General Purpose Forces.
The contract enables Viasat to deliver various technologies and services, including tactical gateways, advanced networking, airborne SATCOM terminals, ground terminals, modems, satellite services, and cybersecurity capabilities. The company's capabilities have expanded following its Inmarsat acquisition in 2023, offering enhanced communication solutions to support DoD's evolving operations.
Viasat has released its 2024 Passenger Experience Survey, revealing important insights about air travelers' connectivity preferences. The study, which surveyed over 11,000 recent air travelers, shows that 75% of passengers are more likely to choose airlines offering quality in-flight Wi-Fi, with 22% refusing to consider long-haul flights without connectivity.
Key findings include that 36% of passengers prioritize free or low-cost Wi-Fi, with 87% willing to watch advertisements for free access. 71% of travelers want access to their streaming platforms, and 94% desire to use personal devices alongside seatback entertainment. The survey also revealed strong interest in future innovations, with 55% eager for enhanced entertainment experiences and 51% interested in improved comfort services.
Viasat (NASDAQ: VSAT) has successfully demonstrated direct-to-device (D2D) satellite connectivity in Saudi Arabia for the first time. The demonstration included sending two-way messages and SoS messages using a commercial Android smartphone at the 'Connecting the World from the Skies' event in Riyadh. The technology utilized Viasat's L-band spacecraft over the Indian Ocean and Skylo's NTN service infrastructure. D2D technology enables everyday devices to connect to both terrestrial and satellite networks without additional hardware, following 3GPP release 17 standards. The system uses already-licensed satellite spectrum, ensuring no interference with terrestrial services.
Viasat (NASDAQ: VSAT) announced its President of Global Space Networks, Craig Miller, will participate in the Deutsche Bank Global Space Summit in New York on November 20, 2024, at 3 p.m. ET. Miller will join a defense technology panel alongside commercial and government leaders. While there won't be a live webcast, a recording will be available later on Viasat's Investor Relations website. Those interested in attending the summit should contact Deutsche Bank directly for registration information.
Viasat (NASDAQ: VSAT) has launched a groundbreaking home and mobile broadband service in Mexico, partnering with telecommunications wholesaler Altán. The service combines satellite and wireless LTE technologies to provide cellular coverage in previously unserved areas. Currently available in 13 Mexican states, the service reaches over 150,000 individuals through strategically positioned LTE towers, some powered by solar panels. The initiative addresses Mexico's connectivity gap, where approximately 30% of the population lacks broadband access. Through the Mexico Ambassador Program launched in 2021, Viasat partners with local representatives to promote digital literacy and inclusion in remote communities.
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