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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 an expansion of its partnership with Aeromexico to retrofit the airline's entire Boeing 787 Dreamliner fleet with advanced in-flight Wi-Fi solutions. The upgrade will cover 17 aircraft, including eight B787-8s and nine B787-9s, with the first equipped aircraft scheduled to enter service in late 2025.
The implementation will enhance connectivity on Aeromexico's international routes to major European and South American cities, utilizing Viasat's high-capacity Ka-band satellite network. The service will include streaming video, browsing, and real-time messaging capabilities. Notably, Aeromexico will leverage the Viasat Ads platform to offer passengers free, ad-supported connectivity sessions with streaming capabilities.
This upgrade builds upon the existing relationship between Viasat and Aeromexico, which began in 2018, and demonstrates the airline's commitment to improving passenger experience and NPS scores through enhanced connectivity services.
Viasat (NASDAQ: VSAT) announced the release of its third quarter fiscal year 2025 financial results. The company has published a letter to shareholders along with webcast slides in the Investor Relations section of their website. A conference call is scheduled for February 6, 2025, at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time, with dial-in numbers provided for U.S. (800-715-9871) and International (646-307-1963) participants under conference ID 2357759. The call will be archived and available on their website for approximately one month after the conference.
Inmarsat Maritime, a Viasat company, has signed an agreement with A.P. Moller - Maersk to upgrade satellite communications across Maersk's fleet of approximately 340 container ships. The bandwidth enhancements will be implemented between 2025 and 2026 as part of Maersk's 'One Satcom' project.
The initiative aims to transform vessels into fully operational floating offices by 2027, supporting advanced digitalization, cloud-enabled solutions, and potential future autonomous operations. Inmarsat's service combines Ka-band and L-band networks to provide global, always-on connectivity for both operational efficiency and crew welfare.
The partnership focuses on enhancing application availability and performance, supporting Maersk's digital transformation at sea while improving the working environment for crew members.
STARLUX Airlines and Viasat (NASDAQ: VSAT) announced the launch of enhanced in-flight connectivity service across STARLUX's entire fleet. The rollout will cover 48 aircraft, including Airbus A330-900s, A321neos, A350-900, and A350-1000, utilizing Viasat's advanced connectivity system based on the ViaSat-3 compatible GM-40 terminal solution.
STARLUX, known for operating the world's youngest fleet with an average age of 2.06 years, becomes one of the first airlines in Asia Pacific to adopt Viasat's cutting-edge solution. The service will initially cover major Asian transport hubs including Taipei, Singapore, Jakarta, Bangkok, and several other key destinations.
The implementation will enable passengers to stream content, browse the internet, use messaging apps, and maintain productivity during flights through Viasat's high-capacity Ka-band satellite network over the Asia Pacific region.
Viasat (NASDAQ: VSAT) has secured its first Task Order under a PLEO Satellite-Based Services IDIQ contract with the U.S. Space Force. The initial $3.5 million order is part of a larger $13 billion contract framework awarded in 2023.
Under this order, Viasat will provide Ku-band LEO services through a partner network to support U.S. government operations globally. The company will deliver network management support with real-time data access and 24/7 technical support.
The contract aims to strengthen the Department of Defense's communications resilience by diversifying satellite orbits, combining geostationary (GEO) and non-geostationary orbits (NGSO). Viasat will provide fully-managed LEO satellite-based services and capabilities, including space relay services, supporting space, air, land, maritime, and cyber domains.
Viasat (NASDAQ: VSAT) has announced it will release its third quarter fiscal year 2025 financial results on Thursday, February 6, 2025, after market close. The results will be communicated through a shareholder letter posted on the company's Investor Relations website section.
The satellite communications company will hold a conference call and webcast on the same day at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time. U.S. participants can dial (800) 715-9871, while international callers should use +1 (646) 307-1963, with conference ID 2357759. The webcast will be accessible through Viasat's Investor Relations website and will remain available for approximately one month after the call.
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.
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