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Viasat Inc - VSAT STOCK NEWS

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.

Rhea-AI Summary

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.

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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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Viasat, Inc. (NASDAQ: VSAT) has been chosen by Korean Air to provide in-flight connectivity for an additional 40 aircraft, expanding their partnership to a total of 70 aircraft by 2027. This move aims to enhance passenger experience with high-speed Wi-Fi for browsing, social media, streaming, shopping, work, and more.
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Royal Jordanian Airlines partners with Viasat Inc. to prioritize high-speed Wi-Fi for enhanced passenger experience. Over 40 aircraft to be equipped with advanced connectivity systems to offer fast internet speeds, streaming entertainment, and real-time communication. Viasat's in-flight Wi-Fi to be available on short, medium, and long-haul routes in the Middle East region and beyond.
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Viasat Inc. selected Rocket Lab USA, Inc (RKLB) to support its NASA CSP program demonstrations for multi-band space-relay capabilities. The partnership aims to showcase Viasat's portfolio of space-based relay communication services with lower data latency and higher throughput, addressing challenges in LEO missions.
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Viasat Inc. selected Rocket Lab to support its NASA CSP program demonstrations of multi-band space-relay capabilities. The partnership aims to showcase Viasat's portfolio of multi-band, space-based relay communication services for Low Earth Orbit (LEO) space missions, addressing data latency challenges with real-time, low-data latency communications. The project, funded by two NASA awards totaling $80 million, will leverage Rocket Lab's spacecraft bus and mission operation support to demonstrate Viasat's innovative solutions.
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Viasat, Inc. partners with Icelandair to provide fast, streaming Wi-Fi on new Airbus fleet, enhancing passenger experience. The service will offer high-quality online experience with streaming entertainment and real-time productivity tools, catering to routes between Iceland, Europe, and transatlantic flights.
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Viasat, Inc. (NASDAQ: VSAT) secures a contract from Northrop Grumman to support the U.S. Air Force Research Laboratory initiative, 'Global Lightning,' integrating high-capacity geostationary satellites for military internet services. Viasat's ViaSat-3 Satellite Communications Network will enable military users to access high-bandwidth satellite internet connectivity from existing USAF aircraft or ground vehicles.
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Viasat, Inc. (VSAT) completes the first ship installation for the U.S. Navy Military Sealift Command under the NGW Follow-On contract. The company will maintain and operate communications infrastructure for 105 ships, showcasing its ability to deliver robust global satellite communications solutions.
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The Mobile Satellite Services Association (MSSA) has been formed by Viasat, Inc. (NASDAQ: VSAT), Terrestar Solutions, Ligado Networks, Omnispace, and Al Yah Satellite Communications Company PJSC (Yahsat) to advance the development of direct-to-device (D2D) and IoT connectivity through an ecosystem of Non-Terrestrial Network (NTN) providers. MSSA seeks to develop a global ecosystem utilizing over 100 MHz of L- and S-band spectrum already allocated and licensed for mobile satellite services, aiming to integrate terrestrial and non-terrestrial networks to deliver scalable, sustainable, and affordable connectivity to any device, anytime, anywhere. The Association will foster a D2D ecosystem of solutions providers including terrestrial mobile and satellite operators, OEMs, infrastructure, chip vendors, and others. The Association's focus is on unlocking interoperable architectures and standards for use in multi-orbit satellite systems, enhancing seamless global roaming between terrestrial and multi-orbit satellite networks, achieving scale through improved coordination and cooperation mechanisms among MSS operators, maximizing scarce multi-orbit space and spectrum resources, advocating for policies, laws, and regulations related to rational, efficient, safe, and sustainable uses of spectrum and orbits, and providing a neutral forum for coordination of 3GPP NTN and other international standards activities.
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FAQ

What is the current stock price of Viasat (VSAT)?

The current stock price of Viasat (VSAT) is $7.4 as of November 15, 2024.

What is the market cap of Viasat (VSAT)?

The market cap of Viasat (VSAT) is approximately 952.6M.

What does Viasat Inc. do?

Viasat Inc. provides fast and secure internet and communication services through satellite-based technologies, serving consumers, businesses, and government agencies.

What are Viasat's main business segments?

Viasat operates in three main segments: Satellite Services, Commercial Networks, and Government Systems.

How is Viasat involved in in-flight connectivity?

Viasat provides high-speed in-flight Wi-Fi services to airlines like JetBlue, United, Royal Jordanian Airlines, and Korean Air.

What recent partnerships has Viasat announced?

Viasat recently partnered with Royal Jordanian Airlines, Korean Air, and Azercosmos to expand its connectivity services.

What is NexusWave?

NexusWave is a fully managed connectivity service launched by Viasat's subsidiary, Inmarsat Maritime, offering seamless global coverage for maritime operations.

How does Viasat support the government sector?

Viasat provides secure, network-centric communication systems for military and government applications, ensuring high standards of security and reliability.

Where does Viasat generate most of its revenue?

A large portion of Viasat's revenue is generated in the United States, with additional revenue from the Americas, Europe, Middle East, Africa, and Asia-Pacific.

What is Viasat's role in the energy sector?

Viasat offers managed communications services for the energy sector, including enhanced connectivity solutions for remote oil and gas customers.

How has Viasat expanded its global presence?

Viasat has expanded its global presence through strategic partnerships, acquisitions like that of Inmarsat, and by extending its services to new markets.

Where can I find career opportunities at Viasat?

You can find career opportunities at Viasat by visiting their careers page at http://www.viasat.com/careers.

Viasat Inc

Nasdaq:VSAT

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952.59M
128.39M
9.71%
83.51%
12.45%
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