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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 Inc. (NASDAQ: VSAT) has been selected by the European Space Agency (ESA) to conduct a study on multi-layered Satellite Communication (SATCOM) networks. The project aims to evaluate technical aspects, market segments, and potential use cases for future systems spanning various orbital types and frequency bands. The research is set to answer key questions about implementation and resilience in communications. Expected completion is in Q2 2023, providing valuable insights for UK, European, and allied nations on developing robust SATCOM capabilities.
Viasat Inc. (NASDAQ: VSAT) has delivered the second ViaSat-3 payload module to Boeing's facility in El Segundo, CA, for integration and testing. This satellite is set to provide broadband service across Europe, the Middle East, and Africa (EMEA) in 2023. The payload is designed to transmit data at rates exceeding 1 terabit per second, three times faster than its predecessor, ViaSat-2. This milestone enhances Viasat's progress towards expanded global broadband services. The first two satellites will cover the Americas and EMEA, with a third satellite planned for the Asia Pacific region.
Viasat (NASDAQ: VSAT) has been chosen by Virgin Atlantic to provide its in-flight connectivity (IFC) solution for 16 new Airbus A330-900 aircraft. The IFC system supports high-quality video streaming and browsing on multiple devices. The equipment will be factory-installed at Airbus' Toulouse site, ensuring internet service upon delivery. Viasat's capacity and adaptable satellite network will enable robust connections in high-demand areas. This partnership aims to enhance the in-flight experience for passengers traveling between the Americas and the UK, with services expected to launch in late 2022.
Viasat (NASDAQ: VSAT) announced that effective July 1, 2022, Mark Dankberg will resume the roles of chairman and CEO, while Rick Baldridge will become vice chairman. Baldridge will focus on completing the Inmarsat acquisition and integrating the two companies to achieve financial synergies identified. The leadership change follows strong shareholder approval for the merger. Dankberg, a co-founder of Viasat, will oversee day-to-day operations supported by COO Kevin Harkenrider, ensuring a smooth transition and operational effectiveness.
Viasat Inc. (NASDAQ: VSAT) has launched its New Choice home internet plans, offering residential customers in select U.S. markets download speeds of up to 150 Mbps. This increase in internet speed aims to enhance the user experience for downloading, streaming, and browsing. The plans include features like 4K streaming support and unlimited standard data, with pricing starting at $49.99/month. The company also anticipates further improvements with its forthcoming ViaSat-3 satellite constellation, expected to deliver even greater bandwidth and reliability.
Viasat Inc. (NASDAQ: VSAT) announced that its shareholders approved the acquisition of Inmarsat during a Special Meeting. The transaction is anticipated to close in the latter half of 2022, pending regulatory approvals and customary closing conditions. This acquisition aims to create a leading global communications company, enhancing innovation and providing a solid foundation for free cash flow. Viasat's CEO highlighted the overwhelming support from shareholders as a crucial milestone for future revenue and EBITDA growth.
Viasat Inc. (NASDAQ: VSAT) received a significant award from the U.S. Department of Defense to conduct research on 5G technology for Expeditionary Advanced Base Operations. This marks the third award under a $600M initiative aimed at enhancing battlefield communications. The four-year research will focus on network enhancements and agile software integration to support critical military operations. Key areas of interest include command and control, dynamic network planning, and the use of digital twin models.
Viasat (NASDAQ: VSAT) announced its participation in the Affordable Connectivity Program (ACP), providing discounted satellite internet to eligible households across the U.S. The ACP helps consumers afford broadband, offering up to $30 off per month or $75 for those on Tribal lands. Viasat enables internet access in underserved areas, with plans offering speeds up to 100 Mbps. The company aims to enhance its service through its upcoming ViaSat-3 satellite constellation, promising improved bandwidth and streaming capabilities.
Viasat Inc. (VSAT) has opened a new office at Aberdeen Proving Ground in Maryland, enhancing collaboration with the U.S. Army. This facility will support Viasat's Government Systems teams in developing advanced networking and satellite communication solutions, critical for the Army's network transformation efforts. With over 35 years of partnership, Viasat aims to deepen its understanding of military needs and provide innovative solutions. The office includes workspace, a lab, and a warehouse for testing capabilities aligned with the Army's objectives.
Viasat announced its fourth quarter and fiscal year 2022 financial results on May 25, 2022. The report, available on its Investor Relations website, details the company's performance over the year. A conference call to discuss these results was held the same day at 2:00 p.m. PT. Viasat continues to focus on connecting people and businesses globally through advanced communication technologies. The company aims to enhance its network capabilities and provide secure, reliable connections for various sectors, including military and government.
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