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 focused on satellite communications, with activity spanning government SATCOM, mobility services, maritime connectivity, business aviation and emerging direct-to-device satellite services. The Viasat news feed on this page aggregates company announcements, press releases and other coverage so readers can follow how the business and its satellite network evolve over time.
Recent news from Viasat highlights developments in its integrated Ka-band network for government users, including a unified global Ka-band satellite communications network that combines Viasat satellites, the Global Xpress fleet and partner satellites. The company has also announced services such as Enhanced LAISR, an on-demand managed L-band service designed to support government airborne, maritime and land users with beyond line-of-sight connectivity.
Viasat’s news flow also covers its aviation and maritime offerings. Announcements have described Viasat Amara, a next-generation in-flight connectivity solution adopted by airlines, and NexusWave, a bonded multi-network service from Inmarsat Maritime, a Viasat company, that supports digitalization and crew welfare at sea. Additional updates include agreements with airlines and shipping companies to deploy these connectivity solutions across fleets.
Beyond transport markets, Viasat reports on its HaloNet and InRange services for launch telemetry and near-Earth space communications, as well as research on direct-to-device satellite connectivity for mobile users. Corporate governance and capital markets items, such as board appointments, equity plan changes and financial results releases, are also reported through company news and SEC filings.
Investors and followers of VSAT stock can use this news page to monitor product announcements, network expansions, customer agreements, research publications and governance updates that Viasat discloses through official channels.
Viasat (NASDAQ: VSAT) and Cobham Satcom have announced a strategic collaboration to develop an advanced satellite connectivity solution for the maritime and energy sectors, coinciding with the launch of Viasat's ViaSat-3 satellite constellation. This system will utilize groundbreaking antenna technology and is expected to deliver over 1 Terabit of data per second, enhancing internet speeds for data-intensive applications. The partnership aims to improve broadband connectivity on vessels and aims to increase Viasat's satellite capacity by 600% upon the constellation's completion.
Viasat Inc. (NASDAQ: VSAT) announced its second quarter fiscal year 2023 financial results on November 8, 2022. The company aims to enhance global communications connectivity across various sectors. A conference call took place on the same date at 2:00 PM PT to discuss the results. Investors can access the full details through the Investor Relations section on Viasat's website. The company's commitment to high-quality, secure communications solutions remains a focal point as it continues to expand its technological capabilities.
Viasat Inc. (NASDAQ: VSAT) will announce its second quarter fiscal year 2023 financial results on November 8, 2022, after market close. The results will be available via a shareholder letter on its Investor Relations website. A conference call is scheduled for the same day at 2:00 PM PT / 5:00 PM ET, with dial-in options provided for participants. Viasat aims to enhance global communications for various sectors, including businesses and governments.
Viasat (NASDAQ: VSAT) and Inmarsat have received approval from Australia’s Foreign Investment Review Board (FIRB) for their planned business combination. This acquisition is vital as Australia is a key market for both companies. The deal has also secured approvals from the UK Government and the Committee on Foreign Investment in the United States. Viasat’s CEO, Mark Dankberg, expressed optimism about enhancing technology and services for customers globally, while Inmarsat's CEO, Rajeev Suri, indicated that the approval underlines the competitive advantages of the merger.
Viasat (NASDAQ: VSAT) and Inmarsat are collaborating with the UK's Competition and Markets Authority (CMA) as their proposed merger undergoes a Phase 2 investigation. They anticipate that this combination will enhance in-flight connectivity (IFC) services, making them more efficient and affordable globally. Despite fierce competition in the IFC market, the companies are optimistic about increasing service availability through innovative technologies. The merger has received several key regulatory approvals, including from the UK Government and the Committee on Foreign Investment in the U.S.
Viasat Inc. (NASDAQ: VSAT) announced that its ViaSat-3 Americas satellite has successfully completed mechanical environmental testing, a key milestone towards its launch. This testing ensures that the satellite can withstand the intense conditions of a launch, following earlier successful thermal vacuum tests. The launch is on track for later this year, with further testing planned for deployment systems. The ViaSat-3 class aims to deliver superior bandwidth economics and flexibility for global coverage, focusing on the Americas, EMEA, and Asia Pacific regions.
Viasat (NASDAQ: VSAT) and Inmarsat are partnering to enhance In-Flight Connectivity (IFC) in aviation. The UK's Competition and Markets Authority (CMA) is conducting a Phase 2 review of their proposed transaction, which aims to lower costs and improve efficiency in the IFC sector. The combined company will support job growth in the UK space industry. They have received several regulatory approvals, including clearance from the UK Government and the U.S. Committee on Foreign Investment. Both companies express optimism about navigating the regulatory process to finalize the transaction.
L3Harris Technologies (NYSE:LHX) has signed a definitive agreement to acquire Viasat (NASDAQ:VSAT) for approximately $1.96 billion, focusing on Viasat's Tactical Data Links (TDL) product line. This acquisition will enhance L3Harris's ability to provide advanced Joint All-Domain Command and Control (JADC2) solutions, integrating with Link 16. The TDL product line generates around $400 million in annual sales, and the transaction is expected to close in the first half of 2023, pending regulatory approvals.
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.