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. reports developments across satellite communications, broadband connectivity, commercial mobility services and defense networking technologies. Company news commonly covers the ViaSat-3 satellite program, multi-orbit network expansion, in-flight connectivity platforms such as Viasat AMARA and Viasat AERA, and customer or technology collaborations in aviation, automotive and government communications markets.
Updates also include Defense and Advanced Technologies products such as Viasat Tactical Mission Fabric, secure edge-to-cloud networking, cybersecurity, tactical gateways, modems and waveform capabilities. Governance news has included board appointments, strategic review activity and cooperation agreements tied to shareholder engagement.
Viasat has received FAA approval for its Ka-band In-flight Connectivity (IFC) system for Gulfstream G450 aircraft, enhancing connectivity for over 300 aircraft in the market. This system supports video streaming, conferencing, and business applications during flights. Viasat's reliable network covers over 90% of business aviation routes, and service plans start at $9,995/month for uncapped data. The Ka-band system will also be compatible with Viasat's upcoming ViaSat-3 constellation, promising higher capacity broadband connectivity.
Sichuan Airlines has partnered with Viasat (NASDAQ: VSAT) and AeroSat Link to implement Viasat's In-Flight Connectivity (IFC) technology on its Airbus A320 fleet. This collaboration aims to provide passengers with high-speed internet access through China Satcom's Ka-band satellite network, enhancing the onboard digital experience. With the aviation sector in China rapidly growing, the initiative aligns with the demand for internet-enabled devices during flights. Viasat's technology promises to deliver performance comparable to ground services, positioning Sichuan Airlines as a leader in in-flight connectivity.
On December 14, 2022, Microsoft (NASDAQ: MSFT) and Viasat (NASDAQ: VSAT) announced a partnership aimed at expanding internet access globally, particularly serving 10 million people, including 5 million across Africa, by the end of 2025. This collaboration, part of Microsoft's Airband Initiative, seeks to deliver connectivity to underserved areas in countries like the Democratic Republic of the Congo, Nigeria, and Mexico. The initiative's goal includes providing internet access to a total of 250 million people worldwide by 2025, emphasizing digital equity and economic opportunity.
Granite Telecommunications has renewed its partnership with Viasat (NASDAQ: VSAT) to provide satellite-based internet service across the U.S. This collaboration aims to enhance broadband access, especially in underserved areas, catering to businesses and government agencies. Granite, a $1.8 billion company, serves over 650,000 locations, including two-thirds of Fortune 100 companies. Viasat's high-speed internet can be installed in 3-5 days, ensuring quick service for critical applications. Both companies highlight their commitment to bridging the digital divide.
On November 28, 2022, Viasat announced the successful completion of the Final Integrated Satellite Test (FIST) for its ViaSat-3 Americas satellite, confirming its readiness for launch. Following several rigorous testing phases simulating launch conditions, the satellite demonstrated its functionality and durability. The project aims to enhance global satellite coverage, with a focus on high bandwidth economics and flexibility. The ViaSat-3 constellation will include additional satellites for EMEA and Asia Pacific, further expanding Viasat's service capabilities.
Viasat announces a contract with Intellian to design bespoke Ka-band user terminals for Viasat's Maritime connectivity solution. This includes a 100cm upgrade kit for the popular NX Series, enhancing connectivity for thousands of vessels. The new terminals integrate advanced satellite modem technology, ensuring reliable access to Viasat's network, including the soon-to-be-launched ViaSat-3 satellites. This partnership aims to provide improved connectivity options for maritime customers. Viasat's CEO emphasized the mutual benefits of this collaboration for enhancing satellite connectivity.
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.