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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 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.
Viasat Inc. (NASDAQ: VSAT) and Panasonic have collaborated to integrate the Eclypt® Core Encrypted Internal Hard Drive into the modular TOUGHBOOK 55 notebook, designed for the Defence industry. This solid-state self-encrypting hard drive is certified for securing Top Secret information and is approved for use by NATO and various European nations, including Germany. The partnership aims to provide enhanced data security for the UK Ministry of Defence and global defence organizations, ensuring the devices are tailored for rugged and secure field applications.
Viasat Inc. (NASDAQ: VSAT) has been recognized as the 'Best Satellite Provider' among U.S. rural internet service providers by CNET. This accolade highlights Viasat's competitive edge in offering enhanced data plans and higher speeds, along with affordable equipment rental costs. The company is committed to bridging the digital divide in the U.S. through better broadband connectivity, reinforced by its upcoming ViaSat-3 satellite constellation, which is expected to deliver eight times more bandwidth, enabling improved services now and in the future.
Viasat Inc. (NASDAQ: VSAT) has appointed Jim Bridenstine, former NASA Administrator and Congressman, to its Board of Directors as a Class II director until the 2022 Annual Meeting. This addition brings extensive expertise in space technology and innovation to Viasat as it prepares to launch the ViaSat-3 network, which aims to deliver unprecedented global broadband connectivity using advanced satellite technology. Viasat's Board now consists of eight members, with six being independent directors. Bridenstine's leadership will enhance Viasat's strategic direction in the aerospace sector.
Viasat has launched a new Network Operations Centre (NOC) and Cyber Security Operations Centre (CSOC) in Aldershot, UK, representing over £300m investment aimed at enhancing UK industries. This initiative is expected to create over 75 new jobs while providing advanced network and cyber security services to defense, government, and commercial clients. The facility will ensure network resilience and tackle sophisticated cyber threats, leveraging Viasat's extensive experience in protecting critical data and infrastructure.
Viasat Inc. (NASDAQ: VSAT) has secured a five-year contract extension with the Navy Exchange Service Command to provide managed internet, Wi-Fi, voice services, and high-definition TV at Navy Lodge® sites globally. This contract enhances services for sailors living in various accommodations and at Navy Morale, Welfare and Recreation facilities. Additionally, Viasat is now accepting the MILITARY STAR card for payments, offering discounts and rewards aimed at improving service quality for military personnel and their families.
Viasat Inc. (NASDAQ: VSAT), based in Carlsbad, California, announced participation in several upcoming virtual investor conferences. Notable events include the Raymond James 42nd Annual Institutional Investors Conference on March 1, 2021, featuring Executive Chairman Mark Dankberg, and the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 2, 2021, with CFO Shawn Duffy. CEO Rick Baldridge will present at the Morgan Stanley Technology, Media & Telecom Conference on March 3, 2021. Webcast details are available on their investor website.
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