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) has signed a Memorandum of Understanding (MOU) with Bahrain Telecommunication Company (Batelco) to explore B2B service opportunities in the MENA region. This non-binding agreement includes plans for satellite broadband connectivity, hybrid solutions, corporate LAN extension, and SD-WAN services. Both companies intend to leverage Viasat's current satellite systems, progressing to the ViaSat-3 platform upon its launch. A proof-of-concept trial is anticipated to commence in the coming months, aiming to enhance business connectivity across the region.
Viasat and Inmarsat have reached an agreement with the UK government to support their proposed combination, enhancing the UK National Space Strategy. The agreement includes legally-binding commitments to increase R&D spending by 30% and create highly-skilled jobs in satellite technology. Viasat plans to invest £300 million in the UK over 10-15 years. The transaction is still pending regulatory approval. This collaboration aims to boost UK’s position in the global space sector and maintain Inmarsat's operations under UK management.
Breeze Airways is expanding its network with over 35 new routes this summer from ten cities, increasing its total to 77 routes across 28 cities. The airline will utilize a new fleet of Airbus A220-300 aircraft, offering fares starting at
Viasat (NASDAQ: VSAT) partnered with five airlines—Aeromexico, Azul, Delta, Icelandair, and Neos—to promote UN Women's campaign for gender equality during March 2022. The collaboration allows connected passengers to access content aimed at raising awareness about women and girls as leaders in sustainability. Passengers can receive 15 minutes of free in-flight Wi-Fi by watching a campaign video or can be directed to donate to UN Women. Viasat emphasizes its commitment to gender equality through its satellite technology and in-flight connectivity.
Viasat Inc. (NASDAQ: VSAT) announced that its VISION management software has received JITC Integrated Waveform certification by the Department of Defense. This certification enhances communications interoperability for defense customers and reduces connection times from 90 seconds to 4 seconds. VISION software supports both legacy UHF and next-generation SATCOM platforms, providing real-time network reconfiguration and doubling channel efficiency. Operational since 2019, it has also been provided to the UK Ministry of Defence for enhanced satellite network capabilities.
On February 9, 2022, Viasat (NASDAQ: VSAT) announced an agreement with Arctic Space Technologies to establish its first high-latitude Real-Time Earth (RTE) facility in Öjebyn, Sweden. This facility will enhance Viasat's capabilities by providing polar coverage with high-speed data services and is set to be operational by April 2022. The site will feature four full-motion 7.3-meter antennas, facilitating up to nine connections daily for satellites in sun-synchronous orbits. Additionally, it will be co-located with a data center, enabling real-time data processing and services.
Viasat (NASDAQ: VSAT) announced its Executive Chairman Mark Dankberg and Board Member Jim Bridenstine will deliver a keynote at the 7th Annual SmallSat Symposium on February 9, 2022. The live session will focus on ensuring safe access to low Earth orbit (LEO) and the necessity for global regulatory frameworks. Key topics include remediation, mitigation tactics, and the consequences of inaction on space ecosystems. The event will be streamed live and available on-demand. Viasat continues to influence global communications, emphasizing connectivity and innovation in the satellite industry.
Viasat Inc. (NASDAQ: VSAT) reported its third quarter fiscal year 2022 financial results on February 3, 2022. The company continues to lead in global communications, focusing on delivering fast and secure connections across various sectors. The conference call detailing these results provided insights into Viasat's strategic developments and growth potential. Investors can access the full financial results in the Investor Relations section of Viasat's website.
Viasat Inc. (NASDAQ: VSAT) will release its third quarter fiscal year 2022 financial results on February 3, 2022, before market open. A shareholder letter will be posted on its Investor Relations website. Additionally, a conference call and webcast are scheduled for the same day at 10:00 a.m. PT / 1:00 p.m. ET. Participants can join by dialing (877) 640-9809 in the U.S. or (914) 495-8528 internationally, referencing conference ID 2296352. A replay will be available until February 4, 2022, at 11:59 p.m. ET.
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