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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.
The second annual State of Military Communications study, conducted by Government Business Council in partnership with Viasat (NASDAQ: VSAT), highlights significant challenges in U.S. military communications. Key findings include that 97% of military personnel experienced connectivity loss, with 60% considering U.S. technology on par or behind adversaries. Funding limitations, legacy incompatibility, and cultural complacency hinder advancements. Secure connectivity is deemed a priority, while 67% of respondents see room for improvement in technology adoption. Investing in cloud, analytics, and advanced satellite communications is crucial for enhancing military capabilities.
Viasat Inc. (NASDAQ: VSAT) announced its Ka-band 'no speed limit' in-flight connectivity (IFC) service for the Gulfstream G280 airframe, providing premium internet experience. Passengers can expect download speeds exceeding 40 Mbps, allowing seamless use of productivity and entertainment apps. The Global Aero Terminal 5510, installed on G280 jets, connects to multiple satellite platforms, ensuring broad coverage. The service has received FAA's Supplemental Type Certificate, allowing Gulfstream to offer this upgrade.
Viasat Inc. (NASDAQ: VSAT) announced the successful integration of Link 16 Cryptographic Modernization into its KOR-24A Small Tactical Terminal (STT) ahead of a U.S. Government mandate. This capability ensures reliable communications for warfighters across various platforms. The KOR-24A STT is unique as the only multi-channel radio that supports Link 16 communications in a compact form. Viasat also launched a Trade-in/Trade-up program for military agencies to transition to this modernized solution before January 1, 2022.
Viasat (NASDAQ: VSAT) announced the acquisition of the remaining 51% share of Euro Broadband Infrastructure (EBI) for €140M, enhancing its European presence in broadband services. The deal is expected to be funded with €50M in cash, net of EBI's existing cash reserves. This acquisition will strengthen Viasat's retail and mobility services across Europe, ahead of the ViaSat-3 satellite launch planned for 2022. The transaction is projected to be accretive to earnings and improve the company's debt ratios. Closing is anticipated in Q1 2021, pending customary conditions.
Viasat Inc. (VSAT) announced that its phased array flat panel antenna has reached the Test Readiness Review (TRR) stage for SES's O3b mPOWER satellite communications system. The final testing phase aims to confirm the antenna's performance requirements, with the first prototype expected to be delivered early next year. The scalable antenna design will serve both fixed and mobile broadband applications across the full ITU Ka-band spectrum. Viasat's technology enables dynamic steering for enhanced satellite tracking and communication in multi-orbit environments.
Viasat Inc. (NASDAQ: VSAT) has partnered with Infostellar Inc. to sign a Real-Time Earth (RTE) agreement, enhancing both companies' market reach in the GSaaS sector. Under this agreement, Viasat will lead Infostellar's services in the U.S., while Infostellar will provide Viasat's RTE network access in Japan. The collaboration aims to improve data delivery from space through Viasat's global antenna network, thus reducing latency. Infostellar's StellarStation platform will leverage Viasat's technology to support a growing global demand for earth observation services.
Viasat Inc. (NASDAQ: VSAT) reported its second quarter fiscal year 2021 financial results on November 5, 2020. The company continues to focus on global communications solutions, aiming to enhance connectivity worldwide. A conference call was hosted to discuss the results, providing investors with insights into Viasat's performance. The investor relations section of their website offers further details about the results and future plans.
Viasat Inc. (NASDAQ: VSAT) announced a leadership evolution effective November 3, 2020. Mark Dankberg transitions to Executive Chairman while Rick Baldridge assumes the role of President and CEO. This change formalizes their operational dynamic and supports the long-term succession plan. Dankberg will focus on strategic technology and regulatory issues, while Baldridge aims to enhance customer-centric operations. The leadership transition occurs as Viasat prepares for the ViaSat-3 global constellation launch, positioning the company for growth in new markets.
Viasat UK Ltd., a subsidiary of Viasat Inc. (NASDAQ: VSAT), has secured a contract from the UK Ministry of Defence to provide Ultra High Frequency (UHF) satellite communications for the Royal Navy's new Type 31 frigates. This UHF SATCOM capability is crucial for secure, integrated voice and data services, enhancing maritime operations and allowing effective fleet communication. The Type 31 frigates will replace the current Type 23 vessels, with Viasat's technology ensuring reliable communications for modern warfare.
Viasat, a global communications company, will release its second-quarter fiscal year 2021 financial results on November 5, 2020, after market close. The results and a letter to shareholders will be available in the investor relations section of its website. This will be followed by a conference call at 2:00 p.m. Pacific / 5:00 p.m. Eastern Time. Interested parties can join the live call by dialing (877) 640-9809 in the U.S. A replay will be accessible from the same night until November 6.
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