Viasat Inc Stock Price, News & Analysis

Viasat (NASDAQ: VSAT) has signed a Memorandum of Understanding (MOU) with Bahrain Telecommunication Company (Batelco) to explore B2B service opportunities in the MENA region. This non-binding agreement includes plans for satellite broadband connectivity, hybrid solutions, corporate LAN extension, and SD-WAN services. Both companies intend to leverage Viasat's current satellite systems, progressing to the ViaSat-3 platform upon its launch. A proof-of-concept trial is anticipated to commence in the coming months, aiming to enhance business connectivity across the region.

Viasat and Inmarsat have reached an agreement with the UK government to support their proposed combination, enhancing the UK National Space Strategy. The agreement includes legally-binding commitments to increase R&D spending by 30% and create highly-skilled jobs in satellite technology. Viasat plans to invest £300 million in the UK over 10-15 years. The transaction is still pending regulatory approval. This collaboration aims to boost UK’s position in the global space sector and maintain Inmarsat's operations under UK management.

Breeze Airways is expanding its network with over 35 new routes this summer from ten cities, increasing its total to 77 routes across 28 cities. The airline will utilize a new fleet of Airbus A220-300 aircraft, offering fares starting at $99 for coast-to-coast flights. All seats will feature in-seat power and USB ports, equipped with Viasat's advanced in-flight connectivity for streaming and internet access. This expansion aims to enhance travel accessibility and customer experience while providing a no-fee cancellation policy.

Viasat (NASDAQ: VSAT) partnered with five airlines—Aeromexico, Azul, Delta, Icelandair, and Neos—to promote UN Women's campaign for gender equality during March 2022. The collaboration allows connected passengers to access content aimed at raising awareness about women and girls as leaders in sustainability. Passengers can receive 15 minutes of free in-flight Wi-Fi by watching a campaign video or can be directed to donate to UN Women. Viasat emphasizes its commitment to gender equality through its satellite technology and in-flight connectivity.

Viasat Inc. (NASDAQ: VSAT) announced that its VISION management software has received JITC Integrated Waveform certification by the Department of Defense. This certification enhances communications interoperability for defense customers and reduces connection times from 90 seconds to 4 seconds. VISION software supports both legacy UHF and next-generation SATCOM platforms, providing real-time network reconfiguration and doubling channel efficiency. Operational since 2019, it has also been provided to the UK Ministry of Defence for enhanced satellite network capabilities.

On February 9, 2022, Viasat (NASDAQ: VSAT) announced an agreement with Arctic Space Technologies to establish its first high-latitude Real-Time Earth (RTE) facility in Öjebyn, Sweden. This facility will enhance Viasat's capabilities by providing polar coverage with high-speed data services and is set to be operational by April 2022. The site will feature four full-motion 7.3-meter antennas, facilitating up to nine connections daily for satellites in sun-synchronous orbits. Additionally, it will be co-located with a data center, enabling real-time data processing and services.

Viasat (NASDAQ: VSAT) announced its Executive Chairman Mark Dankberg and Board Member Jim Bridenstine will deliver a keynote at the 7th Annual SmallSat Symposium on February 9, 2022. The live session will focus on ensuring safe access to low Earth orbit (LEO) and the necessity for global regulatory frameworks. Key topics include remediation, mitigation tactics, and the consequences of inaction on space ecosystems. The event will be streamed live and available on-demand. Viasat continues to influence global communications, emphasizing connectivity and innovation in the satellite industry.

Viasat Inc. (NASDAQ: VSAT) reported its third quarter fiscal year 2022 financial results on February 3, 2022. The company continues to lead in global communications, focusing on delivering fast and secure connections across various sectors. The conference call detailing these results provided insights into Viasat's strategic developments and growth potential. Investors can access the full financial results in the Investor Relations section of Viasat's website.