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 been approved by the Department of Homeland Security (DHS) as a provider of Enhanced Cybersecurity Services (ECS), joining an elite group of commercial service providers. This accreditation comes after a rigorous audit of Viasat's cybersecurity capabilities. Viasat's ECS solution leverages its National Security Agency (NSA)-certified Trusted Cyber Sensor (TCS) to monitor network traffic while preserving customer privacy. The service enables clients to detect threats earlier, with the ability to analyze over 75,000 new threat indicators daily, enhancing overall cybersecurity posture.
Viasat (NASDAQ: VSAT) announced its KG-142 high-speed network encryptor is the first device certified under the new NSA Ethernet Data Encryptor Cryptographic Interoperability Specification. This encryptor supports data classification up to Top Secret and offers speeds of 20 to 200 Gbps, making it 10 times faster than previous encryption methods. The KG-142 is designed for critical applications in cloud computing, big data processing, and disaster recovery, ensuring robust cybersecurity and interoperability with government networks. The device is now available for purchase in multiple speed configurations.
Viasat (NASDAQ: VSAT), Gazprom Space Systems (GSS), and TMC LLC have signed a Memorandum of Understanding (MOU) to enhance in-flight connectivity (IFC) for airlines operating in Russian airspace. The collaboration aims to provide seamless IFC services for both Russian and international airlines, including roaming capabilities over Russia. Viasat will access Ku-band capacity on GSS's Yamal-401 satellite, leveraging TMC's telecom license. This partnership is positioned as a strategic move to integrate Russian air transport into the global aviation market, capitalizing on Russia's growing aviation industry and demand for high-speed IFC.
Viasat (NASDAQ: VSAT) has secured an $8.5 million contract from Airbus to upgrade the UK Ministry of Defence's Ultra High Frequency (UHF) satellite communications Network Control Stations. This upgrade will utilize Viasat's VISION software platform, enhancing mission situational awareness and communication capabilities for UK armed forces. The contract signifies a continued partnership, as Airbus has utilized Viasat's technology since 2012. The upgrade aims to facilitate better scalability and interoperability across legacy and next-gen platforms, ensuring operational efficiency without additional UHF space segment investment.
On February 8, 2021, Viasat (NASDAQ: VSAT) announced a successful demonstration of Beyond Line of Sight (BLOS) satellite communications for U.S. Army UH-60M helicopters. The technology showcased resilient command and control (C2) communications and enhanced situational awareness (SA) capabilities. Viasat's system delivered high-speed, usable data despite the helicopter’s rotating blades, offering substantial improvements over existing low-data-rate systems. The demonstration could significantly transform mission capabilities, enabling real-time intelligence and advanced connectivity for the Army.
Viasat Inc. (NASDAQ: VSAT) reported its third quarter fiscal year 2021 financial results on February 4, 2021. The results are available in a shareholder letter on their investor relations website. The company will host a conference call and webcast on the same day at 10:00 a.m. Pacific Time. A replay will be accessible until February 5. Viasat continues to develop a global communications network aimed at connecting people and businesses worldwide. More information about the company can be found on their website.
Viasat Inc. (NASDAQ: VSAT) successfully showcased advanced communication technologies during the U.S. Army's Cyber Quest 2020 exercise. They demonstrated high-performance cloud and AI-based data transmission capabilities for tactical scenarios, enhancing medical and surveillance operations. Key applications included augmented reality for medics and AI-driven facial recognition to assist in identifying soldiers. Viasat’s software-defined networking (SDN) solutions aimed to improve data throughput and resilience for military communications, addressing critical needs in battlefield environments.
Viasat Inc. (NASDAQ: VSAT) will release its Q3 FY 2021 financial results on February 4, 2021, before the market opens. Shareholders can find the letter on the investor relations section of its website. A conference call will follow on the same day at 10:00 a.m. PT where participants can dial in using provided numbers and reference conference ID 9488791. The call will be available for replay until February 5, 2021. Viasat continues to position itself as a leader in global communications, aiming for high-quality connections in various sectors.
Viasat (NASDAQ: VSAT) has appointed Leandro Gaunszer as managing director for Viasat Brazil, effective immediately. Based in São Paulo, Gaunszer will drive Viasat's expansion efforts in Brazil, focusing on improving internet connectivity for underserved areas. With experience in the telecom industry, he aims to enhance operational excellence while leading revenue growth initiatives. Viasat has significantly increased its presence in Brazil since 2018, being the first satellite ISP to deliver high-speed connectivity nationwide. This leadership change is pivotal for Viasat's commitment to social and economic growth through broadband access.
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