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 opened a new office in Dubai, UAE, enhancing its presence in the Middle East. This move aims to strengthen relationships with local government and customers, particularly in the aviation, maritime, and energy sectors. The office will support Viasat's ongoing collaboration with the Mohammed Bin Rashid Space Centre, showcasing Dubai as a hub for space innovation. The company is also set to expand its regional capabilities with the planned launch of its ViaSat-3 satellite constellation, which promises advanced broadband services.
Viasat (NASDAQ: VSAT) has been awarded a Department of Defense (DoD) contract to conduct vulnerability assessments under a new pilot program aimed at enhancing cybersecurity for DoD weapon systems. This program will utilize Viasat's analytics-driven approach to automate security assessments. The contract marks Viasat as the first external cybersecurity team involved in this initiative, focusing on assessing complex weapon system architectures. Viasat’s extensive experience in cybersecurity for U.S. Government systems played a pivotal role in securing this contract.
Viasat Inc. (NASDAQ: VSAT) has introduced a unique direct service model for business aviation in-flight connectivity, called Viasat Select. This service offers tailored connectivity solutions, including global plans with uncapped data and no speed limits, leveraging Viasat's advanced Ka-band satellite capacity. Plans start with a sub-$3k regional option, designed to meet varying operational needs. Viasat anticipates further enhancement with its future ViaSat-3 satellite constellation. The service aims to simplify access to high-capacity connectivity while offering a single point of contact for customer support.
Viasat Inc. (NASDAQ: VSAT) announced the expansion of its Ka-band In-Flight Connectivity (IFC) services in Brazil, covering over 90% of key business aviation flight paths. Using capacity from the SGDC-1 satellite, business jets can access speeds exceeding 20 Mbps for seamless connectivity. This move positions Viasat to enhance its market presence in Brazil's burgeoning business aviation sector and pursue further opportunities in Europe and the Middle East through partnerships with Avanti Communications.
On September 28, 2021, Viasat (NASDAQ: VSAT) announced an expanded partnership with Collins Aerospace to provide its Ka-band in-flight connectivity (IFC) system for mid- and large-cabin business jets. This new agreement enables Collins Aerospace to offer all Viasat connectivity solutions, including high-speed services over 20 Mbps, lightweight hardware, and forward-compatible technology. The Ka-band system entered service in August 2021, enhancing passenger experiences in-flight and streamlining operations for corporate flight departments.
Viasat (NASDAQ: VSAT) has received two research awards from the U.S. Department of Defense (DoD) under its $600M 5G research initiative. This collaboration aims to explore the implementation of 5G technology in military operations. Viasat's projects will focus on enhancing Command and Control (C2) capabilities and deploying secure 5G networks for Agile Combat Employment in contested environments. The research will span three years, utilizing Viasat's 5G solutions to improve situational awareness and network management in battlespace scenarios.
On September 14, 2021, Viasat UK Ltd, a subsidiary of Viasat Inc. (NASDAQ: VSAT), introduced the DARC-SSD, a next-generation data-at-rest encryption solid state drive. This device enhances data security for government and defense sectors, particularly in scenarios where devices may be lost or stolen. Utilizing 256-bit AES hardware encryption, DARC-SSD supports storage capacities up to 1TB and features a compact NVMe interface for compatibility with modern devices. Developed with input from the UK National Cyber Security Centre, it aims to protect sensitive information against growing cybersecurity threats.
Viasat Inc. (NASDAQ: VSAT) will host its 2021 Annual Meeting of Stockholders virtually on September 2, 2021, at 8:30 a.m. PT / 11:30 a.m. ET. The meeting will include a formal agenda and a presentation by Executive Chairman Mark Dankberg on Viasat's business strategy. Investors can join via webcast by visiting www.virtualshareholdermeeting.com/VSAT2021. A replay of the presentation will be available afterward on Viasat's Investor Relations website.
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