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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 JetBlue has chosen its in-flight connectivity (IFC) solutions for new Airbus A220-300 and A321 Long Range aircraft. This collaboration enhances JetBlue's high-speed IFC service, operational since 2013, enabling free streaming and browsing for passengers. Additionally, Viasat will provide live in-flight TV, marking the first A220 aircraft equipped with Viasat connectivity, supporting up to 30 channels via seatback systems. This partnership strengthens Viasat's long-term relationship with JetBlue while enhancing passenger experiences.
On May 20, 2021, Viasat announced a multi-year partnership with the NBA to provide NBA League Pass to airline passengers during flights. This service offers live and on-demand access to NBA games at no additional cost when registered for NBA League Pass in-flight. Initially available on JetBlue, the service will be expanded to other airlines. The partnership aims to enhance the in-flight experience using Viasat's advanced satellite technology. NBA League Pass will provide comprehensive game coverage, including new features and enhancements for passengers aboard Viasat-equipped aircraft.
Viasat Inc. (NASDAQ: VSAT) has announced plans to release its fourth quarter and fiscal year 2021 financial results on May 25, 2021, before market opening. The results will be shared via a letter to shareholders on its Investor Relations website. Following the release, Viasat will host a conference call at 11:00 a.m. PT, which will also be available via a live webcast. A replay option will be provided for one day after the event. For over 35 years, Viasat has been committed to global communications.
Viasat Inc. has received a full suite of operating licenses from the Nigerian Communications Commission to provide satellite internet services in Nigeria. This includes an ISP license, a VSAT license, and three ESIM licenses, utilizing the 28GHz Ka-band spectrum. The initiative aims to connect underserved communities and improve internet access. Viasat is also set to launch its ViaSat-3 satellite, intended to enhance connectivity across Africa, Europe, and the Middle East in 2022. A trial program is already underway in five Nigerian communities.
Viasat (NASDAQ: VSAT) has successfully completed the acquisition of RigNet (NASDAQ: RNET) following approval from RigNet's stockholders on April 21, 2021. This strategic move enhances Viasat's capabilities in providing secure managed communications and expands its customer base in sectors like renewable energy and maritime.
The integration of RigNet’s technology and team is expected to accelerate Viasat’s growth in high-quality broadband connectivity.
Viasat Inc. (NASDAQ: VSAT) has finalized its acquisition of Euro Broadband Infrastructure Sàrl (EBI), obtaining full ownership of the KA-SAT satellite and its ground infrastructure. This strategic move allows Viasat to enhance its broadband offerings across Europe, the Middle East, and Africa ahead of the launch of the ViaSat-3 satellite. The deal, first announced on November 19, 2020, is expected to advance Viasat's growth in retail, enterprise, mobility, and government sectors. CEO Rick Baldridge emphasized the acquisition as a vital step in growing Viasat's European broadband business.
Viasat Inc. (NASDAQ: VSAT) announced that it received FAA Supplemental Type Certificate approval for its Ku Advanced in-flight connectivity system on specific Bombardier Challenger 600 series business jets. This certification allows Viasat and its MRO partners to offer an enhanced connectivity solution, improving performance and coverage compared to existing systems. The Ku Advanced service starts at approximately $300,000 and enables various flexible data plans. The FAA-approved hardware is available now, enhancing the user experience on heavily traveled flight routes.
Viasat Inc. (VSAT) and KLM Royal Dutch Airlines are expanding in-flight connectivity on 39 aircraft (18 Boeing 737-800 and 21 Embraer E195) by the end of 2021, with services operational by early 2022. KLM will provide three connectivity tiers: a free Messaging option for 30 minutes, and paid Surf and Stream options for internet browsing and streaming. Viasat's equipment utilizes their high-capacity Ka-band satellite network, ensuring future compatibility with the upcoming ViaSat-3 satellite constellation, enhancing capacity and coverage for European flights.
Viasat (Nasdaq: VSAT) announced a collaboration with 19Labs to enhance telemedicine solutions for underserved communities. This partnership aims to provide affordable healthcare through real-time remote patient monitoring (RPM), utilizing Viasat's high-speed satellite broadband and 19Labs' HIPAA-compliant platform. The initiative involves setting up e-clinics in Latin America and deploying kits in U.S. schools and practices, funded by the FCC CARES Act. The collaboration seeks to address healthcare access gaps exacerbated by the COVID-19 pandemic.
Bombardier and Viasat Inc. (Nasdaq: VSAT) announced regulatory approval for Viasat's Ka-band in-flight connectivity system on Challenger 300 and 350 aircraft, enhancing passenger experience with fast download speeds. The FAA and EASA granted Supplemental Type Certificates, allowing installation across Bombardier's service network. The Ka-band system supports business-critical tasks like video conferencing and streaming. Viasat's Global Aero Terminal 5510 is forward-compatible with future satellite systems, offering potential for expanded coverage and capacity.
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