Welcome to our dedicated page for Viasat news (Ticker: VSAT), a resource for investors and traders seeking the latest updates and insights on Viasat stock.
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) and Cobham Satcom have announced a strategic collaboration to develop an advanced satellite connectivity solution for the maritime and energy sectors, coinciding with the launch of Viasat's ViaSat-3 satellite constellation. This system will utilize groundbreaking antenna technology and is expected to deliver over 1 Terabit of data per second, enhancing internet speeds for data-intensive applications. The partnership aims to improve broadband connectivity on vessels and aims to increase Viasat's satellite capacity by 600% upon the constellation's completion.
Viasat Inc. (NASDAQ: VSAT) announced its second quarter fiscal year 2023 financial results on November 8, 2022. The company aims to enhance global communications connectivity across various sectors. A conference call took place on the same date at 2:00 PM PT to discuss the results. Investors can access the full details through the Investor Relations section on Viasat's website. The company's commitment to high-quality, secure communications solutions remains a focal point as it continues to expand its technological capabilities.
Viasat Inc. (NASDAQ: VSAT) will announce its second quarter fiscal year 2023 financial results on November 8, 2022, after market close. The results will be available via a shareholder letter on its Investor Relations website. A conference call is scheduled for the same day at 2:00 PM PT / 5:00 PM ET, with dial-in options provided for participants. Viasat aims to enhance global communications for various sectors, including businesses and governments.
Viasat (NASDAQ: VSAT) and Inmarsat have received approval from Australia’s Foreign Investment Review Board (FIRB) for their planned business combination. This acquisition is vital as Australia is a key market for both companies. The deal has also secured approvals from the UK Government and the Committee on Foreign Investment in the United States. Viasat’s CEO, Mark Dankberg, expressed optimism about enhancing technology and services for customers globally, while Inmarsat's CEO, Rajeev Suri, indicated that the approval underlines the competitive advantages of the merger.
Viasat (NASDAQ: VSAT) and Inmarsat are collaborating with the UK's Competition and Markets Authority (CMA) as their proposed merger undergoes a Phase 2 investigation. They anticipate that this combination will enhance in-flight connectivity (IFC) services, making them more efficient and affordable globally. Despite fierce competition in the IFC market, the companies are optimistic about increasing service availability through innovative technologies. The merger has received several key regulatory approvals, including from the UK Government and the Committee on Foreign Investment in the U.S.
Viasat Inc. (NASDAQ: VSAT) announced that its ViaSat-3 Americas satellite has successfully completed mechanical environmental testing, a key milestone towards its launch. This testing ensures that the satellite can withstand the intense conditions of a launch, following earlier successful thermal vacuum tests. The launch is on track for later this year, with further testing planned for deployment systems. The ViaSat-3 class aims to deliver superior bandwidth economics and flexibility for global coverage, focusing on the Americas, EMEA, and Asia Pacific regions.
Viasat (NASDAQ: VSAT) and Inmarsat are partnering to enhance In-Flight Connectivity (IFC) in aviation. The UK's Competition and Markets Authority (CMA) is conducting a Phase 2 review of their proposed transaction, which aims to lower costs and improve efficiency in the IFC sector. The combined company will support job growth in the UK space industry. They have received several regulatory approvals, including clearance from the UK Government and the U.S. Committee on Foreign Investment. Both companies express optimism about navigating the regulatory process to finalize the transaction.
L3Harris Technologies (NYSE:LHX) has signed a definitive agreement to acquire Viasat (NASDAQ:VSAT) for approximately
Viasat Inc. (NASDAQ: VSAT) has agreed to sell its Link 16 Tactical Data Links business to L3Harris Technologies for $1.96 billion, with expected net cash proceeds of approximately $1.8 billion. This segment generated about $400 million in revenue and $125 million in Adjusted EBITDA for the year ending June 30, 2022. The sale aims to enhance Viasat's balance sheet and liquidity, reducing net leverage from 4.2x to 1.4x LTM Adjusted EBITDA. The transaction is expected to close in H1 2023, subject to regulatory approvals.
Viasat (NASDAQ: VSAT) announced the successful completion of the first ViaSat-3 satellite's integration into its flight configuration, marking a significant milestone in satellite communications. The satellite will undergo mechanical environmental testing to simulate launch conditions. Its reflectors and solar arrays, among the largest ever sent to space, contribute to a total wingspan of 144 feet. The ViaSat-3 class satellites aim to deliver effective bandwidth economics and coverage across the Americas, EMEA, and Asia Pacific. The launch is anticipated later this year.
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