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 Inc. (NASDAQ: VSAT) announced its selection as one of 30 teams by the U.S. Air Force’s AFWERX program to showcase its Hybrid Adaptive Network (HAN) satellite communication capabilities. This demonstration aims to support Joint All-Domain Command & Control (JADC2) efforts, enhancing communication resilience across various military operations. The AFWERX contract will allow government users access to emerging technologies until September 30, 2020. Viasat’s technology is designed to improve situational awareness and interoperability in contested environments.
Viasat Inc. (NASDAQ: VSAT) has announced the launch of its Mobile Dynamic Defense (MDD) cybersecurity software for the Samsung Galaxy S20 Tactical Edition (TE). This software ensures that sensitive information for the Department of Defense, U.S. federal government, and allied forces remains protected, even when offline. MDD enhances cyber protection and mobile management in low connectivity areas, allowing seamless integration into existing systems. Viasat continues to develop its comprehensive cybersecurity platform, which monitors massive data volumes across various networks daily.
Viasat (NASDAQ: VSAT) announced it has received the prestigious James S. Cogswell Outstanding Industrial Security Achievement Award from the Defense Counterintelligence and Security Agency (DCSA). This award is given to less than 1% of over 12,500 cleared contractors in the National Industrial Security Program annually. The Cogswell Award recognizes superior security programs that exceed minimum requirements. Viasat's President emphasized the company's commitment to high security standards essential for protecting classified information.
Viasat (NASDAQ: VSAT) has partnered with American Express on the Stand For Small initiative, aiming to assist U.S. small businesses during the COVID-19 pandemic. This program provides access to essential services through a digital platform, helping businesses reduce costs and enhance digital capabilities. Viasat is offering discounted satellite-enabled internet services to new small business customers, supporting 96% of the U.S. population with plans featuring up to 100 Mbps speeds. This initiative also includes grants and prioritizing network resources for business applications.
Viasat Inc. (NASDAQ: VSAT) announced its first quarter fiscal year 2021 financial results, which are available on its investor relations website. The company will conduct a conference call to discuss these results on August 7, 2020. Participants can join via phone or online. Viasat has a strong focus on developing a global communications network to provide secure and fast connections across various platforms. More details are accessible on the company’s website.
Viasat Inc. (NASDAQ: VSAT) announced that CEO Mark Dankberg will deliver a keynote address at the Virtual IEEE International Microwave Symposium (IMS2020) on August 5, 2020. The conference focuses on the future of space-based internet connectivity, addressing the growth of satellite broadband and its potential to connect underserved communities. Dankberg's keynote will explore regulatory and environmental impacts, orbital dynamics, and global bandwidth demand in the context of emerging space broadband networks. Interested media can contact Viasat for more information.
On August 3, 2020, Viasat (NASDAQ: VSAT) announced the launch of its Dynamic Video Encoding (DVE) technology, designed to optimize video transmissions for military aircraft during Intelligence, Surveillance, and Reconnaissance (ISR) missions. This technology enhances bandwidth usage, adapts video quality based on available data rates, and allows for seamless configuration across security boundaries. The DVE capability promises substantial improvements in video quality and data management for military operations, ultimately supporting mission success and command capabilities.
Viasat (NASDAQ: VSAT) will release its Q1 FY2021 financial results on August 6, 2020, after market close. The financial data and a shareholder letter will be accessible on its investor relations website. Following this, a conference call and webcast are scheduled for August 7, 2020, at 5:30 a.m. Pacific Time. Participants can join by calling the provided numbers and referencing the conference ID 6073266. A replay of the call will be available from later that day until August 8.
Viasat Inc. (NASDAQ: VSAT) announced the completion of a $175 million common stock investment from affiliates of Intercorp and Baupost Group. The investors acquired 4,474,559 shares at $39.11 per share, representing a 2.6% premium over the prior day's close. Proceeds are intended for general corporate purposes, including satellite operations, acquisitions, and working capital. CEO Mark Dankberg emphasized the importance of expanding internet connectivity globally, highlighting this investment as pivotal for Viasat's strategic expansion in Central and South America.
Viasat UK Ltd., a subsidiary of Viasat Inc. (NASDAQ: VSAT), has announced a collaboration with Cyber1st to enhance secure voice and data services for commercial customers and the UK Ministry of Defence (MOD). This partnership aims to advance cryptographic capabilities and strengthen network protection against cyber threats. Viasat UK is also establishing a sovereign Cyber Security Operations Centre and is recognized for its unique Type 1 network encryption. The collaboration emphasizes the delivery of high-grade cryptographic solutions, positioning both companies for wider market opportunities.
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