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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 has successfully completed the rollout of its high-quality residential internet service across all states in Brazil, becoming the only satellite ISP to provide nationwide coverage. Launched in July 2020, the service now includes the new Viasat 30Mega plan, offering speeds up to 30 Mbps and data packages of up to 160 GB/month. This expansion caters to the increasing demand for reliable internet amid the pandemic, positioning Viasat as a leader in Brazil's satellite market. The company has invested in local support and is focused on meeting Brazilian user needs.
Viasat UK and CDW UK have secured a two-year contract to support NATO's Allied Rapid Reaction Corps through the Programme LELANTOS. This initiative aims to enhance command, control, and communication (C3) capabilities, facilitating agile experimentation and secure wireless military networks. The collaboration intends to develop a cutting-edge experimentation hub that improves battlefield decision-making and cross-domain integration. Viasat's defense expertise and CDW's transformation solutions will play crucial roles in delivering scalable and secure capabilities against evolving threats.
Viasat (NASDAQ: VSAT) has launched Viasat Business Voice, a cloud-based phone service tailored for small and medium businesses (SMBs). This service operates over Viasat's robust satellite network, promising enterprise-grade communication tools even in remote locations. Cost savings from switching to this VoIP system can range from 30% to 75%. Key features include multi-line support, mobile app functionality, and unlimited local calling. This initiative reinforces Viasat's commitment to enhancing connectivity for SMBs lacking access to traditional telecom services.
Viasat Inc. (NASDAQ: VSAT) announced a new configuration of its handheld Link 16 Battlefield Awareness and Targeting System – Dismounted (BATS-D) radio on October 7, 2020. This advanced version features enhanced security for diverse operational scenarios and has been certified by the NSA for U.S. General Purpose Forces and Five Eyes partner nations. The BATS-D radio bridges gaps between air and ground forces, improving situational awareness and mission coordination. Initial field successes have sparked significant interest for further applications.
Viasat Inc. (NASDAQ: VSAT) has launched its Real-Time Earth (RTE) service as a managed option for Microsoft Azure customers, enhancing access for earth observation and remote sensing sectors.
This integration with Azure Orbital allows users to utilize Viasat’s ground service, facilitating telemetry, tracking, and downlinking critical data. Viasat's service supports various satellite bands, offering affordability and reduced latency on a pay-per-use basis. Executives from both companies highlight the importance of flexibility and security for satellite data management.
Viasat Inc. (NASDAQ: VSAT) has expanded its satellite internet service in Brazil, now reaching over 93% of the population across 21 states. Launched initially in July, the service is now available in 14 additional states, including Santa Catarina and Bahia, with plans to cover 100% of the country by year-end. The service offers speeds up to 20 Mbps and data packages of 80 GB monthly, catering to diverse online needs. Viasat has invested in local operations since 2018, partnering with Visiontec for support, and aiming to connect underserved areas in Brazil.
Viasat Inc. (Nasdaq: VSAT) has signed a reseller agreement with BCN, expanding BCN's connectivity offerings for multi-location businesses. As the only satellite internet partner in BCN's portfolio, Viasat will enhance connectivity solutions for businesses lacking high-speed access. Viasat's services cover 96% of the U.S. population, with download speeds reaching 100 Mbps. The partnership aims to address primary and backup connectivity challenges across various sectors, including retail and healthcare, ensuring reliable broadband for multi-site customers.
Viasat Inc. (NASDAQ: VSAT) will host its 2020 Annual Meeting of Stockholders on September 3, 2020, at 8:30 a.m. PT. The meeting will be conducted virtually via webcast. It will include a formal agenda on proxy ballot measures, followed by a presentation from Chairman and CEO Mark Dankberg discussing Viasat’s business and strategy. Interested investors can join by accessing www.virtualshareholdermeeting.com/VSAT2020 15 minutes before the meeting. A replay of the presentation will be available on the Investor Relations website.
Viasat (NASDAQ: VSAT) announced it received a Supplemental Type Certificate (STC) from the FAA for its Ka-band in-flight connectivity (IFC) system, approved for Gulfstream G650 and G650ER jets. This certification allows operators to provide premium internet services across popular flight routes. Viasat's removal of speed caps offers enhanced performance, with customers reporting speeds above 40 Mbps. The dual-band system integrates Ka- and Ku-band networks, enabling seamless connectivity. Viasat's Global Aero Terminal 5510 supports multiple satellite platforms and is forward-compatible with upcoming systems.
Viasat Inc. (Nasdaq: VSAT) has been awarded the 2020 Visionary Spotlight Award by ChannelVision Magazine for its innovative business internet service. Recognized in the Service Provider Enablement category, Viasat is commended for providing high-speed satellite broadband connectivity to rural and underserved communities. Their service, which reaches 96% of the U.S. population, offers download speeds of up to 100 Mbps and quick installation. This recognition highlights Viasat's commitment to empowering the channel and transforming connectivity in challenging locations.
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