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 and Inmarsat have received approval from the UK government for their proposed combination under the National Security & Investment Act. This approval indicates no risk to the UK's national security from the transaction. As part of their commitment to the UK government, both companies plan to enhance the UK's National Space Strategy through the creation of new jobs and increased R&D spending. Viasat's CEO expressed that this merger positions the combined company as a leading global communications innovator.
Viasat (NASDAQ: VSAT) is hosting its 2022 Annual Meeting of Stockholders today, September 1, 2022, at 8:30 a.m. PT / 11:30 a.m. ET. The meeting will be held virtually and accessible via webcast. The agenda includes proxy ballot measures and a presentation on Viasat's business strategy by Mark Dankberg, Chairman and CEO. Stockholders of record can vote and ask questions online. A replay of the meeting will be available on the Viasat Investor Relations website.
Viasat has received a $99 million order for Multifunctional Information Distribution System Joint Tactical Radio System terminals from the U.S. Naval Information Warfare Systems Command. This order falls under a larger IDIQ contract worth $998 million awarded to Viasat in 2020. The MIDS terminals are crucial for secure tactical communications in military operations. This award underscores Viasat's strength in delivering large quantities of military communications solutions and highlights the company's commitment to supporting U.S. and Allied armed services.
Viasat has partnered with Transocean and Intelilift to form a joint venture named Inteliwell, aimed at enhancing well construction through AI-powered automation. The initiative seeks to lower drilling times, improve safety, and streamline the construction process. Key applications include InteliPlan, InteliAutomate, and InteliAssist, designed to optimize planning and execution. The venture capitalizes on advanced data analytics to reduce costs and increase efficiency in drilling operations. This collaboration is expected to create significant value in a rapidly evolving market.
Viasat (NASDAQ: VSAT) has partnered with Airshare to equip new Bombardier Challenger 350 and Challenger 3500 aircraft with its advanced Ka-band in-flight connectivity (IFC) system. The first installation was completed in July 2022, enhancing travel experiences by providing high-speed connectivity during all flight phases. Airshare aims to expand its fractional ownership program, leveraging Viasat’s services to ensure reliable, high-speed internet for business and leisure travelers. Viasat's Ka-band network covers over 90% of business aviation routes and will support Airshare’s growth.
Viasat published its Q1 fiscal year 2023 financial results on August 8, 2022. The results are available on its Investor Relations website. A conference call is scheduled for the same day at 2:00 PM PT to discuss the financial outcomes. Viasat aims to provide global communications solutions for consumers, businesses, and governments, emphasizing affordable, secure, and high-quality connections worldwide.
Viasat Inc. (NASDAQ: VSAT) announced a significant milestone in the development of the ViaSat-3 satellite, entering the mechanical environments build process, which involves the attachment of solar arrays and reflectors. This marks the satellite's readiness for launch, expected later this year.
The ViaSat-3 satellites promise superior bandwidth economics and flexibility, targeting service coverage for the Americas, EMEA, and Asia Pacific. The announcement underscores Viasat's commitment to expanding its global communications network.
Viasat Inc. (NASDAQ: VSAT) will announce its first quarter fiscal year 2023 financial results on August 8, 2022, after market close. Results will be shared via a shareholder letter on the Investor Relations website. Additionally, a conference call will be held at 2:00 p.m. PT / 5:00 p.m. ET. Participants can join by dialing (646) 307-1963 in the U.S. or (800) 715-9871 internationally, using conference ID 7626718. The event will be webcasted live and archived for one month.
Viasat has signed the UK Armed Forces Covenant, affirming its commitment to support UK military personnel, reservists, veterans, and their families. The company received a Bronze Award under the Defence Employer Recognition Scheme for its dedication to the armed forces community. Viasat's investments include a £300 million plan for the ViaSat-3 global satellite constellation and a new state-of-the-art facility in Aldershot, enhancing support for the UK government and Ministry of Defence. The covenant strengthens Viasat's ties with the UK Ministry of Defence.
Viasat has reached a significant milestone by deploying its services to 50,000 locations across Brazil, enhancing internet access for over 9 million Brazilians through the Wi-Fi Brasil program. By becoming the first ISP to provide residential connectivity nationwide, Viasat closes the digital gap in remote areas. The partnership with Telebras enables over 20,000 internet access points, benefiting rural schools and communities. Additionally, a new localized brand reflects Viasat's commitment to Brazil's diverse culture and connectivity growth.
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