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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.
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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