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 Inc. (NASDAQ: VSAT) has unveiled a new class of large-aperture antennas, ranging from 19.7 to 24.0 meters, designed to enhance space-to-ground communications for Earth observation and deep space missions, including lunar and Mars initiatives. These advanced antennas feature full-motion tracking, integrated RF architecture, and high-rate modems, positioning Viasat as a leader in upcoming defense and space communications. The new technology aims to support various missions with improved connectivity and visibility for global agencies.
Afya Limited (NASDAQ: AFYA) announced that Júlio de Angeli, VP of Innovation & Digital Services, will leave the company at the end of January 2022. He will assist in transitioning his duties. Lélio de Souza has been appointed as the new VP of Digital Services Officer, effective immediately. He has a robust digital background, previously serving as CEO of Intelie and holding managerial positions at TOTVS and Accenture. Afya is a major medical education provider in Brazil, supporting medical students and professionals through various educational services and digital products.
Viasat Inc. (NASDAQ: VSAT) announced that its executive chairman and co-founder, Mark Dankberg, will participate in the 24th Annual Needham Virtual Growth Conference on January 12, 2022, from 1:15 PM to 1:55 PM EST. The event includes a presentation and one-on-one meetings, but will not be webcast. Viasat aims to connect people globally through its advanced communications technology, reinforcing its commitment to secure, affordable connections.
Viasat Inc. (NASDAQ: VSAT) announced two new contracts with the Navy Exchange Service Command (NEXCOM) to enhance telecommunications services in Guam and Poland. The contracts will deliver triple-play services, including Wi-Fi, voice, and TV, benefiting Sailors and their families. Viasat will deploy a fiber network in Guam and provide managed Wi-Fi in Poland. This expansion reflects Viasat's commitment to improving connectivity at military bases. The company aims to offer consistent, high-quality internet and media services, further strengthening its relationship with the Navy.
Viasat (NASDAQ: VSAT) was awarded the 2021 Global Satellite Business of the Year at the World Satellite Business Week Summit in Paris. This accolade, presented by Euroconsult, recognizes outstanding performance in strategic initiatives, revenue growth, and commercial development. CEO Rick Baldridge expressed pride in the team's achievements, highlighting Viasat's commitment to advancing global connectivity through space-based solutions. The award reflects rigorous assessments of both qualitative and quantitative metrics from industry experts.
Viasat (NASDAQ: VSAT) has joined the Paris Peace Forum's 'Net Zero Space' Initiative to address the escalating space debris crisis in Low Earth Orbit (LEO). As the first U.S. communications satellite operator to join, Viasat aims to contribute actionable solutions to mitigate debris risks. The company released a White Paper outlining risk assessment models for large LEO constellations, furthering their commitment to sustainable space operations.
Viasat Inc (NASDAQ: VSAT) has announced participation in two significant investor events. Mark Dankberg, co-founder and executive chairman, will speak at the Morgan Stanley 4th Annual Space Summit on December 7, 2021, focusing on national security and the challenges in space. The event will take place in New York at 11:15 a.m. Eastern Time. Additionally, Viasat will engage in one-on-one meetings at the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021, which will be hosted virtually. For more details, visit Viasat's investor website.
Monteverde & Associates PC is investigating three companies regarding their proposed mergers. McAfee Corp. (MCFE) is under scrutiny for its acquisition by an investor group, offering shareholders $26.00 per share. Level One Bancorp, Inc. (LEVL) is exploring its merger with First Merchants Corp., with a proposed deal of $10.17 in cash and 0.7167 shares of First Merchants stock per LEVL share. Viasat, Inc. (VSAT) is also being examined for its merger with Inmarsat, involving $850 million in cash and 46.36 million newly issued shares. Investors can seek more information for free.
Viasat Inc. (NASDAQ: VSAT) has announced the operational readiness of its in-flight connectivity (IFC) network in China, developed in partnership with China Satellite Communications. This milestone allows both domestic and international airlines to provide passengers with seamless internet access while flying in and out of Chinese airspace. The network leverages Viasat's advanced Ka-band technology, offering high-speed internet that enhances passenger experiences and airline operations. This development meets the rising demand for IFC services in China's growing aviation market.
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