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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) is set to announce its fourth quarter and fiscal year 2022 financial results on May 25, 2022, after market close. The results will be accessible via a letter to shareholders posted on the Investor Relations website. A conference call and webcast will occur the same day at 2:00 PM PT / 5:00 PM ET. Participants can join by dialing (877) 640-9809 in the U.S. or (914) 495-8528 internationally, using conference ID 8382277. A replay will be available until May 26, 2022.
Viasat (NASDAQ: VSAT) announces that Southwest Airlines has selected its next-generation Ka-band satellite in-flight connectivity (IFC) system for factory installation on new aircraft deliveries starting this fall. This partnership enhances in-flight internet capabilities, enabling customers to stream content, watch live television, and access social media seamlessly. Viasat's technology addresses in-flight connectivity challenges, ensuring consistent high-speed service even during peak demand. With a roadmap for future satellites, Viasat aims to meet the growing demand for data-driven services.
Viasat has been selected by NASA for its Communications Services Project, focusing on enhancing near-Earth communications. By developing a space relay capability leveraging the upcoming ViaSat-3 satellite constellation, Viasat aims to provide real-time, cost-effective communications for Low Earth Orbit (LEO) satellites. This service is expected to reduce data latency and offer operators flexible options for data transfer. Viasat's existing RTE service already lowers costs for satellite operators, and the new integrated network will further improve efficiency.
The San Diego Padres and Viasat (NASDAQ: VSAT) will unveil the Viasat Military Hall of Honor on April 24, 2022, honoring military veterans and active service members. Located in the Power Alley concourse, the interactive space will feature touchscreens displaying honoree information and a booth for fans to record messages to military personnel. Viasat's president emphasized the company's commitment to veterans through employment initiatives. This partnership aligns with the Padres' ongoing efforts to recognize military service at home games.
Breeze Airways is expanding its service with 8 new routes from Westchester, NY, including nonstop flights to Los Angeles, San Francisco, and Las Vegas. The airline will operate these routes using new Airbus A220 aircraft featuring 36 first-class seats. Starting June 30 and continuing through November, Breeze will also add flights from Hartford to Las Vegas and from New Orleans to Savannah. Viasat will provide in-flight connectivity, enhancing passenger experience. Low fares start at $39 with no change fees.
Viasat (NASDAQ: VSAT) has joined the Harwell Space Cluster in the UK, aiming to foster technology and research partnerships. The Harwell Campus hosts over 1,400 space professionals and significantly contributes to the UK’s GDP. With a new office there, Viasat seeks to leverage its expertise in satellite communications to enhance its global ViaSat-3 satellite constellation, which promises over 3 Tbps of network capacity. The initiative aligns with the UK’s goal to capture 10% of the global space economy by 2030, creating potential commercial opportunities in space safety, encryption, and terminal development.
Viasat has partnered with the Košice region of Slovakia to provide free high-speed internet to Ukrainian refugees using its Community Internet system. This initiative addresses the immediate need for connectivity among thousands of refugees, enabling them to communicate with loved ones and access vital information. The service is powered by the KA-SAT satellite network, which has supported Ukrainian connectivity for ten years. Viasat's president emphasized the importance of this humanitarian effort in supporting refugees during their time of need.
Viasat (NASDAQ: VSAT) has received a Civil Aviation Administration of China (CAAC) Validation of Supplemental Type Certificate for its Ka-band satellite system on Airbus A320 aircraft. This is Viasat's first CAAC validation, allowing Chinese airlines to deploy its In-Flight Connectivity (IFC) system. The system has been previously certified by the European Union Aviation Safety Agency and is currently installed in over 1,800 commercial aircraft, totaling 16.5 million flight hours. This milestone enhances passenger experience and offers airlines improved operational efficiency and revenue opportunities.
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