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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 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.
Viasat Inc. (NASDAQ: VSAT) showcased its advanced cloud-based communication technologies during the NICE Advanced Naval Technology Exercise (ANTX) held from April 5-15, 2021, at Camp Lejeune, North Carolina. The event, aimed at enhancing U.S. Navy and Marine Corps operations, highlighted Viasat's capabilities in secure ship-to-shore communications, agile communication node management, and electronic warfare operations. Viasat's ELITE kit and G-18 antenna demonstrated their role in ensuring reliable, on-the-move satellite communications, crucial for modern military operations.
Viasat Inc. (NASDAQ: VSAT) announced leadership changes with Evan Dixon promoted to President of Global Fixed Broadband and Craig Miller as President of Government Systems. Dixon has a proven track record in enhancing Viasat's broadband services globally, while Miller brings extensive experience in defense technology, overseeing a segment with over $1 billion in revenues. These appointments aim to strengthen Viasat's initiatives, especially with the upcoming launch of the ViaSat-3 constellation, reflecting the company's commitment to global connectivity.
Viasat Inc. (NASDAQ: VSAT) reported its fourth quarter and fiscal year 2021 financial results, emphasizing strong growth in revenue and demand for services. The results were disclosed in a letter to shareholders and are available on their Investor Relations website. A conference call was scheduled to discuss these results, allowing stakeholders to gain insights into the company's performance and future plans.
Viasat (NASDAQ: VSAT) has partnered with Delta Air Lines to enhance in-flight connectivity (IFC) by retrofitting over 230 additional domestic aircraft with Viasat's Ka-band satellite technology. This expansion follows the prior announcement of connectivity for over 300 Delta aircraft. The new IFC solution enables streaming, browsing, and app usage on personal devices, while a single antenna also supports live TV. Viasat's IFC system is compatible with its global satellite network, including the anticipated ViaSat-3 constellation, expected to significantly increase capacity.
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