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) has confirmed the launch date for its ViaSat-3 Americas satellite on April 18, 2023, at 7:29 PM EDT. This satellite will be launched by SpaceX's Falcon Heavy from NASA’s Kennedy Space Center in Florida. Once in geostationary transfer orbit, the satellite will provide broadband services from 88.9° west longitude. The ViaSat-3 class of satellites is designed to deliver enhanced bandwidth economics and flexible capacity management across various regions including the Americas, EMEA, and Asia Pacific. The first two satellites are currently in testing phases, with substantial advancements in global service coverage anticipated.
For more details, visit viasat.com.
Viasat Inc. (NASDAQ: VSAT) announced the appointment of K. Guru Gowrappan as its new President, effective April 13, 2023. With over 20 years of executive experience in technology, Gowrappan previously served as CEO of Verizon Media Group and has held significant roles at Alibaba and Zynga. His prior leadership includes a focus on international growth and successful mergers and acquisitions. Mark Dankberg, Viasat's Chairman and CEO, emphasized Gowrappan's expertise in integrating large technology organizations and creating global partnerships, aligning with Viasat's growth strategy amid the pending Inmarsat acquisition and the ViaSat-3 constellation. Gowrappan expressed his commitment to enhancing customer experiences and driving innovation in the rapidly evolving satellite communications industry.
Viasat (NASDAQ: VSAT) has announced a collaboration with Microsoft Azure Orbital, making its Real-Time Earth (RTE) ground service available in the Azure marketplace. This partnership involves the establishment of five RTE sites with high-speed connectivity to Azure's cloud platform, enhancing the capabilities of commercial satellite operators. The RTE service offers Ground-Station-as-a-Service (GSaaS) to operators in various orbits, enabling efficient data downlinking with secure, low-latency connections.
This integration is expected to lower costs for satellite operators by leveraging Ka-band technology, which provides significantly higher bandwidth than traditional methods. Viasat aims to support the growing demand for rapid data delivery from remote sensing satellites while increasing resiliency and reducing latency.
Viasat recently introduced its Mercury Free Space Optical Communications (FSOC) terminal at the SOCOM Technical Experimentation event on March 21, 2023. This advanced communication solution is designed for high-capacity, resilient connectivity in military operations, particularly in contested environments. The Mercury terminal boasts data rates of up to 40 Gbps and a range of 70 kilometers. It addresses U.S. Department of Defense needs for reliable, low-detection communications, leveraging commercial-off-the-shelf technology for cost-effectiveness and high performance. The system features an automated pointing and tracking mechanism, enhancing its operational capabilities for various military applications.
Viasat Inc. (NASDAQ: VSAT) announced that its in-flight connectivity (IFC) solution will be installed on over 1,000 Delta Air Lines aircraft, including widebody models such as Airbus A330 and A350. Delta's fast, free Wi-Fi service began on February 1, 2023, and the company is on track to equip more than 700 aircraft by year-end 2023. Viasat's Ka-band IFC system will enhance connectivity, supported by the forthcoming ViaSat-3 satellite constellation, which promises over 1 Terabit per second throughput capacity. This collaboration aims to enhance passenger experience with high-quality in-flight Wi-Fi, particularly during peak demand.
Viasat has launched its Trusted Cybersecurity Services (TCS), a new intrusion detection solution utilizing classified threat intelligence from the U.S. Department of Homeland Security. This service aims to enhance protections for private businesses and critical infrastructure by detecting threats up to six months ahead of other commercial services. Key features include leveraging CISA's threat intelligence and Viasat's own Cybersecurity Operations Center (CSOC). Viasat is the only company authorized by DHS to provide this service, which is expected to bolster cyber defenses amidst increasing cyber threats targeting U.S. organizations.
Viasat Inc. (NASDAQ: VSAT) reported its third quarter fiscal year 2023 financial results on February 7, 2023. The company continues to focus on enhancing its satellite communications infrastructure to support global connectivity. A conference call was held on the same day to discuss these results in detail, emphasizing Viasat's commitment to innovation and expanding services to consumers, businesses, and governments worldwide. The quarter's performance and future outlook will be analyzed, outlining key metrics of importance to investors.
Viasat Inc. (NASDAQ: VSAT) will release its third quarter fiscal year 2023 financial results on February 7, 2023, after market close. This will be followed by a conference call at 2:00 PM PT / 5:00 PM ET on the same day. Investors can participate by calling (800) 715-9871 or (646) 307-1963 internationally, using conference ID 9690359. The live webcast will be available on Viasat's Investor Relations website and archived for a month. Viasat is focused on developing global communications networks that ensure high-quality connections across various platforms.
Viasat (NASDAQ: VSAT) has been awarded a contract to provide satellite communication services to the U.S. Marine Corps (USMC) following a successful pilot program. This contract extends Viasat's end-to-end managed service capabilities to the Marine Expeditionary Force (I MEF), enhancing command and control through a scalable and deployable SATCOM solution. The service includes features like seamless roaming and secure data custody, aimed at increasing operational readiness and flexibility for Marine forces. Viasat's solution focuses on ensuring reliable connectivity and real-time situational awareness, supported by a comprehensive network operations center.
Emerson has been selected as the lead automation contractor for the $6 billion integrated polymers project at Ras Laffan Petrochemical Complex in Qatar, a collaboration with Viasat Energy Services. This project, a joint venture between QatarEnergy and Chevron Phillips Chemical, aims to establish the largest ethane cracker in the Middle East with a capacity of 2.1 million tonnes of ethylene per year. Emerson will leverage advanced automation and analytics to ensure operational efficiency and safety, with the facility expected to commence operations in late 2026.
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