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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 (NASDAQ: VSAT) has announced a new segment reporting structure starting from Q1 FY2025. The company will now report financial results based on two segments: Communication Services and Defense and Advanced Technologies. This change aims to provide investors with better insights into Viasat's diverse business lines and growth opportunities.
The Communication Services segment includes four business lines: Aviation, Government Satcom, Maritime, and Fixed and Other. It offers broadband and narrowband communications solutions across government and commercial mobility markets. The Defense and Advanced Technologies segment comprises Information Security and Cyber Defense, Space and Mission Systems, Tactical Networking, and Advanced Technologies and Other, providing resilient, vertically integrated solutions to government and commercial customers.
LOT Polish Airlines has chosen Viasat to provide in-flight connectivity for its Boeing 787 Dreamliner fleet. The agreement covers 15 aircraft across LOT's wide-body 787-8 and 787-9 fleets, which will be equipped with Viasat's Ka-band, global in-flight connectivity solution. This marks LOT's first offering of in-flight Wi-Fi as part of a major upgrade to its Dreamliner fleets, including new cabin designs and seat replacements.
The service is expected to be commercially operational by early 2026, serving LOT's routes from Warsaw Chopin. Passengers will be able to enjoy high-quality internet access, including video streaming, email, web browsing, and social media. This partnership aligns with LOT's goal to enhance passenger experience and Viasat's mission to provide reliable, high-quality in-flight Wi-Fi globally.
Viasat announced it will provide its multi-band, secure broadband satellite terminal GAT-5530 for the Airbus C295 Maritime Patrol Aircraft (MPA) fleet acquired by the Spanish Ministry of Defence (MoD). This collaboration aims to enhance the Spanish military's capabilities with robust SATCOM support, enabling improved command and control (C2) and intelligence, surveillance, and reconnaissance (ISR) missions. The GAT-5530 terminal supports both Ku- and Ka-bands, offering flexible, reliable connectivity. This deal underlines Viasat's expertise in delivering advanced, secure broadband communications solutions for modern military operations.
Viasat Energy Services has introduced an enhanced managed communication service for remote oil and gas companies, expanding its existing enterprise-grade connectivity. This new service incorporates low earth orbit (LEO) satellite capacity with Viasat's current multi-orbit and terrestrial networks, creating a single, integrated solution. Available early in Q3 2024, it aims to boost operational efficiency and crew welfare by supporting cloud-based computing, operational safety, and cybersecurity. President Lee Ahlstrom emphasized the service's potential to address complex challenges and advance digital transformation in the energy sector.
Viasat and Azercosmos have announced a cooperative effort to enhance satellite services across Africa, the Middle East, Europe, and Central and South Asia. This collaboration aims to deliver Viasat's L-band satellite services to Azerbaijan, supporting industries like energy, utilities, and transport. The services will include applications such as tracking and telemetry, pipeline monitoring, and environmental safety. This partnership will allow Azercosmos to expand its connectivity offerings and cater to a broader range of customers. The collaboration marks the first deployment of Viasat-enabled satellite services in Azerbaijan.
Key executives from both companies highlighted the importance of this partnership in enhancing service reliability and expanding market reach.
Viasat (NASDAQ: VSAT) announced its fourth quarter and fiscal year 2024 financial results on May 21, 2024. The full letter to shareholders is available on their Investor Relations website. A conference call will be held on the same day at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time to discuss the results. Participants can dial in using the numbers provided or listen to the live webcast. The call will also be archived on the website for one month following the event.
Inmarsat Maritime, a Viasat company, unveiled NexusWave, a comprehensive maritime connectivity service offering high-speed, unlimited data, and global coverage through a unified, multi-dimensional network. Launched on May 20, 2024, NexusWave integrates multiple high-speed networks in real-time, including Global Xpress Ka-band, low-Earth orbit services, and coastal LTE, with an L-band layer for resilience. It boasts enterprise-grade security and will incorporate the upcoming ViaSat-3 Ka-band service in 2025. NexusWave supports vessel digitalization, transforming ships into floating offices and homes, ensuring managed performance levels and cost transparency. Ben Palmer, President of Inmarsat Maritime, highlighted its unique value proposition tailored to maritime operators' needs, rooted in performance, certainty, and security.
Viasat (NASDAQ: VSAT) announced the release of its fourth quarter and fiscal year 2024 financial results scheduled for May 21, 2024, after market close. The results will be shared via a letter to shareholders on the company's Investor Relations website.
A conference call and webcast will follow at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time the same day. U.S. participants can dial (800) 715-9871, while international participants can use +1 (646) 307-1963 with conference ID 1095745. The webcast will be available on the Investor Relations website and archived for one month.
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