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 leader in advanced satellite communications, delivering secure broadband solutions to consumers, enterprises, and governments. This page provides real-time updates on corporate developments, technological breakthroughs, and strategic initiatives shaping the future of connectivity.
Access authoritative coverage of Viasat’s three core segments: Satellite Services (in-flight Wi-Fi, rural broadband), Commercial Networks (hybrid terrestrial-satellite systems), and Government Systems (secure defense communications). Track earnings reports, partnership announcements, and innovations in direct-to-device connectivity or phased array antennas.
Key updates include regulatory filings, contract awards with defense agencies, advancements in non-terrestrial networks (NTNs), and global expansion efforts. Investors gain insights into operational milestones impacting VSAT’s market position in satellite broadband and secure government solutions.
Bookmark this page for streamlined access to Viasat’s press releases and curated analysis. Check regularly for developments in multi-orbit satellite systems, spectrum licensing, and next-gen connectivity technologies critical to assessing the company’s trajectory.
Viasat Inc. (NASDAQ: VSAT) has agreed to sell its Link 16 Tactical Data Links business to L3Harris Technologies for $1.96 billion, with expected net cash proceeds of approximately $1.8 billion. This segment generated about $400 million in revenue and $125 million in Adjusted EBITDA for the year ending June 30, 2022. The sale aims to enhance Viasat's balance sheet and liquidity, reducing net leverage from 4.2x to 1.4x LTM Adjusted EBITDA. The transaction is expected to close in H1 2023, subject to regulatory approvals.
Viasat (NASDAQ: VSAT) announced the successful completion of the first ViaSat-3 satellite's integration into its flight configuration, marking a significant milestone in satellite communications. The satellite will undergo mechanical environmental testing to simulate launch conditions. Its reflectors and solar arrays, among the largest ever sent to space, contribute to a total wingspan of 144 feet. The ViaSat-3 class satellites aim to deliver effective bandwidth economics and coverage across the Americas, EMEA, and Asia Pacific. The launch is anticipated later this year.
Viasat and Inmarsat have received approval from the UK government for their proposed combination under the National Security & Investment Act. This approval indicates no risk to the UK's national security from the transaction. As part of their commitment to the UK government, both companies plan to enhance the UK's National Space Strategy through the creation of new jobs and increased R&D spending. Viasat's CEO expressed that this merger positions the combined company as a leading global communications innovator.
Viasat (NASDAQ: VSAT) is hosting its 2022 Annual Meeting of Stockholders today, September 1, 2022, at 8:30 a.m. PT / 11:30 a.m. ET. The meeting will be held virtually and accessible via webcast. The agenda includes proxy ballot measures and a presentation on Viasat's business strategy by Mark Dankberg, Chairman and CEO. Stockholders of record can vote and ask questions online. A replay of the meeting will be available on the Viasat Investor Relations website.
Viasat has received a $99 million order for Multifunctional Information Distribution System Joint Tactical Radio System terminals from the U.S. Naval Information Warfare Systems Command. This order falls under a larger IDIQ contract worth $998 million awarded to Viasat in 2020. The MIDS terminals are crucial for secure tactical communications in military operations. This award underscores Viasat's strength in delivering large quantities of military communications solutions and highlights the company's commitment to supporting U.S. and Allied armed services.
Viasat has partnered with Transocean and Intelilift to form a joint venture named Inteliwell, aimed at enhancing well construction through AI-powered automation. The initiative seeks to lower drilling times, improve safety, and streamline the construction process. Key applications include InteliPlan, InteliAutomate, and InteliAssist, designed to optimize planning and execution. The venture capitalizes on advanced data analytics to reduce costs and increase efficiency in drilling operations. This collaboration is expected to create significant value in a rapidly evolving market.
Viasat (NASDAQ: VSAT) has partnered with Airshare to equip new Bombardier Challenger 350 and Challenger 3500 aircraft with its advanced Ka-band in-flight connectivity (IFC) system. The first installation was completed in July 2022, enhancing travel experiences by providing high-speed connectivity during all flight phases. Airshare aims to expand its fractional ownership program, leveraging Viasat’s services to ensure reliable, high-speed internet for business and leisure travelers. Viasat's Ka-band network covers over 90% of business aviation routes and will support Airshare’s growth.
Viasat published its Q1 fiscal year 2023 financial results on August 8, 2022. The results are available on its Investor Relations website. A conference call is scheduled for the same day at 2:00 PM PT to discuss the financial outcomes. Viasat aims to provide global communications solutions for consumers, businesses, and governments, emphasizing affordable, secure, and high-quality connections worldwide.
Viasat Inc. (NASDAQ: VSAT) announced a significant milestone in the development of the ViaSat-3 satellite, entering the mechanical environments build process, which involves the attachment of solar arrays and reflectors. This marks the satellite's readiness for launch, expected later this year.
The ViaSat-3 satellites promise superior bandwidth economics and flexibility, targeting service coverage for the Americas, EMEA, and Asia Pacific. The announcement underscores Viasat's commitment to expanding its global communications network.
Viasat Inc. (NASDAQ: VSAT) will announce its first quarter fiscal year 2023 financial results on August 8, 2022, after market close. Results will be shared via a shareholder letter on the Investor Relations website. Additionally, a conference call will be held at 2:00 p.m. PT / 5:00 p.m. ET. Participants can join by dialing (646) 307-1963 in the U.S. or (800) 715-9871 internationally, using conference ID 7626718. The event will be webcasted live and archived for one month.
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