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) and Telefónica Global Solutions (NYSE: TEF) have partnered to expand high-speed satellite internet access to businesses across Brazil. This collaboration allows Telefónica to be a wholesale distributor of Viasat's services, targeting areas lacking terrestrial internet. Data shows that internet use among Brazilian businesses rose during the pandemic, but many remain underserved. Viasat aims to enhance its offerings with next-gen satellite technology, ViaSat-3, set to launch in 2022, promising higher speeds and more capacity.
Viasat (NASDAQ: VSAT) has launched new payment options for its internet services, now available at 21,000 OXXO convenience stores in Mexico. This initiative addresses the cash-centric economy, allowing consumers and small businesses unable to access traditional banking to pay for services in cash. Since 2019, Viasat has been deploying satellite-based, affordable internet connectivity across the country, promising speeds up to 50 Mbps. The company aims to enhance digital inclusion for previously underserved communities, as highlighted by Kevin Cohen, General Manager of Viasat's Latin American fixed broadband business.
Viasat Inc. (NASDAQ: VSAT) announced its first-quarter fiscal year 2022 financial results on August 5, 2021. Detailed information is available in a letter to shareholders posted on their Investor Relations website. A conference call was held the same day at 10:00 a.m. Pacific Time to discuss the financial results. The company is committed to developing a comprehensive global communications network to enhance connectivity across various sectors, including consumer, business, and government applications.
Viasat Inc. (NASDAQ: VSAT) will release its Q1 fiscal year 2022 financial results on August 5, 2021, before market open. A shareholder letter will be posted on the Investor Relations section of its website. The company plans a conference call at 10:00 a.m. PT / 1:00 p.m. ET on the same day, accessible at (877) 640-9809 in the U.S. and (914) 495-8528 internationally, with conference ID 8959195. A replay will be available post-call until August 6, 2021.
Viasat Inc. (NASDAQ: VSAT) announced that its Germantown, Md., and Marlborough, Mass., facilities have received the prestigious 2021 James S. Cogswell Outstanding Industrial Security Achievement Award from the U.S. Defense Counterintelligence and Security Agency. This award is given to less than 1% of the 13,000 cleared contractors in the National Industrial Security Program, recognizing excellence in industrial security. Viasat's previous award in 2020 showcases its commitment to high security standards and protection of classified information.
Viasat Inc. (NASDAQ: VSAT) has been recognized as one of the top 200 federal contractors by Bloomberg Government, ranking #106 on the BGOV200 list for fiscal year 2020. This marks a 15-spot improvement from the previous year. Viasat's Government Systems segment achieved record revenues exceeding $1.1 billion in fiscal year 2020. Additionally, for fiscal year 2021, revenues remained above $1 billion, and contract awards rose to $1.2 billion, reflecting an 11% year-over-year increase. The recognition highlights Viasat's dedication to providing effective communication solutions for defense and federal customers.
Flexjet and Viasat have partnered to enhance in-flight connectivity (IFC) on Flexjet's aircraft. Viasat will provide its high-speed Ka-band IFC service on Flexjet's Embraer Praetor 600 jets, making Flexjet the first fractional operator to offer such connectivity in the super-mid category. Additionally, Flexjet's Bombardier Global and Gulfstream aircraft will receive Viasat's Ku-band service, with plans to upgrade to Ka-band. This collaboration aims to deliver office-like connectivity at speeds over 20 Mbps, addressing growing data demands while ensuring service flexibility.
Viasat (NASDAQ: VSAT) announced a major milestone for its first satellite in the ViaSat-3 global constellation, now at Boeing for final integration and testing. This satellite, aimed at enhancing broadband capabilities for remote areas, features over 20 kW of power and a total capacity of 3 Terabits per second (Tbps). The launch is expected in early 2022, promising significant advancements in internet service delivery. Concurrently, development of the second and third ViaSat-3 satellites continues, with the EMEA payload projected for delivery later in 2022.
Viasat (NASDAQ: VSAT) has signed a Ka-band capacity lease agreement with Avanti Communications to enhance coverage and capacity across the Middle East and Western Europe. This deal aims to support Viasat's expanding global mobility and enterprise sectors, particularly in aviation, maritime, and energy. With a long-standing partnership, Viasat will utilize Avanti's HYLAS 4 and HYLAS 2 satellites starting October 2021, bolstering its market presence before the launch of its ViaSat-3 satellite. The arrangement will enable Viasat to attract new business and improve customer service in the region.
Viasat Inc. (NASDAQ: VSAT) announced the integration of its In-line Network Encryptor (INE) into the first Link 16-capable low earth orbit (LEO) satellite for the U.S. Air Force. This marks a significant development in military communications security, enhancing cybersecurity for mission data transfer and supporting over 100 Mbps throughput. The INE is designed for the LEO environment, enabling secure data flow across multiple levels, including telemetry and inter-satellite communications. Viasat aims to deliver high assurance, programmable crypto solutions that can adapt quickly using commercial off-the-shelf technology.
FAQ
What is the current stock price of Viasat (VSAT)?
What is the market cap of Viasat (VSAT)?
What does Viasat Inc. do?
What are Viasat's main business segments?
How is Viasat involved in in-flight connectivity?
What recent partnerships has Viasat announced?
What is NexusWave?
How does Viasat support the government sector?
Where does Viasat generate most of its revenue?
What is Viasat's role in the energy sector?
How has Viasat expanded its global presence?
Where can I find career opportunities at Viasat?
