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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 (NASDAQ: VSAT) has partnered with Porter Airlines to equip 30 new Embraer E195-E2 aircraft with its advanced in-flight connectivity (IFC) solution. This initiative will enhance the digital passenger experience for longer routes, as the aircraft are set to enter service in the second half of 2022. Viasat's technology promises high-speed internet powered by its ViaSat-2 satellite and future capabilities from the upcoming ViaSat-3 satellite constellation. This collaboration marks a significant step towards expanding Porter's service network across North America and beyond.
Viasat Inc. (NASDAQ: VSAT) appoints Kevin Harkenrider as chief operating officer (COO), effective immediately. As a 15-year veteran of the company, Harkenrider brings extensive experience in senior leadership roles, previously serving as Executive Vice President, Global Operations. His new responsibilities include overseeing operational structures and aligning Viasat's innovation with strategic priorities. Harkenrider aims to enhance Viasat's global growth and operational focus amidst a compelling company vision.
Viasat (NASDAQ: VSAT) and Embraer (NYSE: ERJ) have signed a Buyer-Furnished Equipment agreement to incorporate Viasat's advanced In-Flight Connectivity (IFC) system as a factory option on Embraer's E2 aircraft. This partnership ensures airlines can deliver IFC services from day one of aircraft operation, improving passenger experience and reducing downtime associated with retrofitting. Multiple airlines, including Azul Airlines, are already opting for this factory-equipped version. Viasat becomes the first Ka-band IFC provider available on the E2 family.
On November 11, 2021, Viasat Inc. (NASDAQ: VSAT) was awarded the Gold Award of the 2021 HIRE Vets Medallion Awards by U.S. Secretary of Labor Martin J. Walsh. This recognition honors employers who excel in recruiting and retaining military veterans. Viasat, along with 848 other companies, met strict criteria for veteran hiring and support initiatives. Additionally, Viasat was listed among the top employers for veterans by Military Times in its 2021 Best for Vets: Employers List, highlighting its ongoing commitment to veteran employment.
Viasat Inc. (NASDAQ: VSAT) has launched its first Real-Time Earth (RTE) facility in Africa, located in Accra, Ghana. This initiative, developed in partnership with the Ghana Space Science and Technology Institute, aims to enhance earth observation and remote sensing services while creating new job opportunities. The facility features a 7.3M S/X/Ka-band antenna, enabling efficient data transmission and satellite services. With this addition, Viasat expands its RTE network globally to five continents, further solidifying its position in the satellite service market.
Viasat and Intercorp Perú Ltd. have announced a partnership aimed at enhancing digital inclusion in Latin America and the Caribbean. Utilizing Viasat's satellite-enabled Community Internet service, this collaboration will target underserved communities by providing affordable, high-quality internet connectivity. Initial service areas include Jamaica, Guatemala, and Honduras, with plans for expansion as new satellite coverage becomes available. Intercorp will support deployment efforts, leveraging its local expertise and distribution capabilities to facilitate the initiative.
Viasat Inc. (NASDAQ: VSAT) announced its second quarter fiscal year 2022 results on November 8, 2021. The company revealed a definitive agreement to acquire Inmarsat, which could enhance its global communication capabilities. Details on financial metrics were shared in a letter to shareholders, accessible via Viasat's Investor Relations website. A conference call on the financial results is scheduled for the same day at 8:00 a.m. ET, with a replay available shortly after. This acquisition positions Viasat for significant growth in the communications sector.
Viasat and Inmarsat have announced a definitive agreement for Viasat to acquire Inmarsat for $7.3 billion, comprising $850 million in cash, 46.36 million shares of Viasat stock valued at $3.1 billion, and $3.4 billion of net debt. The merger aims to create a leading global communications entity focused on broadband and IoT services, enhancing innovation and customer choice. The combined entity is expected to realize significant synergies, projecting mid-teens percentage revenue and EBITDA growth, with a fully funded path to positive free cash flow.
Viasat Inc. (NASDAQ: VSAT), a global communications leader, will release its second quarter fiscal year 2022 financial results on November 9, 2021, before market opening. This announcement includes a shareholder letter posted on the Investor Relations section of their website. A conference call and webcast will also take place the same day at 10:00 a.m. PT. The call can be accessed through specific dial-in numbers provided for U.S. and international participants. A replay of the call will be available for a limited time following the event.
Viasat, Inc. (NASDAQ: VSAT) partners with AEVEX Aerospace to enhance wildfire management for the U.S. Forest Service and Orange County Fire Authority. Utilizing AEVEX's GeoFOCIS 3D mapping software and Viasat’s high-capacity SATCOM, the collaboration aims to provide real-time situational awareness and data during wildfires. This technology enhances operational efficiency by delivering full motion video and vital information instantaneously, improving decision-making for firefighting personnel.
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