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 Inc. (NASDAQ: VSAT) has been selected by the European Space Agency (ESA) to conduct a study on multi-layered Satellite Communication (SATCOM) networks. The project aims to evaluate technical aspects, market segments, and potential use cases for future systems spanning various orbital types and frequency bands. The research is set to answer key questions about implementation and resilience in communications. Expected completion is in Q2 2023, providing valuable insights for UK, European, and allied nations on developing robust SATCOM capabilities.
Viasat Inc. (NASDAQ: VSAT) has delivered the second ViaSat-3 payload module to Boeing's facility in El Segundo, CA, for integration and testing. This satellite is set to provide broadband service across Europe, the Middle East, and Africa (EMEA) in 2023. The payload is designed to transmit data at rates exceeding 1 terabit per second, three times faster than its predecessor, ViaSat-2. This milestone enhances Viasat's progress towards expanded global broadband services. The first two satellites will cover the Americas and EMEA, with a third satellite planned for the Asia Pacific region.
Viasat (NASDAQ: VSAT) has been chosen by Virgin Atlantic to provide its in-flight connectivity (IFC) solution for 16 new Airbus A330-900 aircraft. The IFC system supports high-quality video streaming and browsing on multiple devices. The equipment will be factory-installed at Airbus' Toulouse site, ensuring internet service upon delivery. Viasat's capacity and adaptable satellite network will enable robust connections in high-demand areas. This partnership aims to enhance the in-flight experience for passengers traveling between the Americas and the UK, with services expected to launch in late 2022.
Viasat (NASDAQ: VSAT) announced that effective July 1, 2022, Mark Dankberg will resume the roles of chairman and CEO, while Rick Baldridge will become vice chairman. Baldridge will focus on completing the Inmarsat acquisition and integrating the two companies to achieve financial synergies identified. The leadership change follows strong shareholder approval for the merger. Dankberg, a co-founder of Viasat, will oversee day-to-day operations supported by COO Kevin Harkenrider, ensuring a smooth transition and operational effectiveness.
Viasat Inc. (NASDAQ: VSAT) has launched its New Choice home internet plans, offering residential customers in select U.S. markets download speeds of up to 150 Mbps. This increase in internet speed aims to enhance the user experience for downloading, streaming, and browsing. The plans include features like 4K streaming support and unlimited standard data, with pricing starting at $49.99/month. The company also anticipates further improvements with its forthcoming ViaSat-3 satellite constellation, expected to deliver even greater bandwidth and reliability.
Viasat Inc. (NASDAQ: VSAT) announced that its shareholders approved the acquisition of Inmarsat during a Special Meeting. The transaction is anticipated to close in the latter half of 2022, pending regulatory approvals and customary closing conditions. This acquisition aims to create a leading global communications company, enhancing innovation and providing a solid foundation for free cash flow. Viasat's CEO highlighted the overwhelming support from shareholders as a crucial milestone for future revenue and EBITDA growth.
Viasat Inc. (NASDAQ: VSAT) received a significant award from the U.S. Department of Defense to conduct research on 5G technology for Expeditionary Advanced Base Operations. This marks the third award under a $600M initiative aimed at enhancing battlefield communications. The four-year research will focus on network enhancements and agile software integration to support critical military operations. Key areas of interest include command and control, dynamic network planning, and the use of digital twin models.
Viasat (NASDAQ: VSAT) announced its participation in the Affordable Connectivity Program (ACP), providing discounted satellite internet to eligible households across the U.S. The ACP helps consumers afford broadband, offering up to $30 off per month or $75 for those on Tribal lands. Viasat enables internet access in underserved areas, with plans offering speeds up to 100 Mbps. The company aims to enhance its service through its upcoming ViaSat-3 satellite constellation, promising improved bandwidth and streaming capabilities.
Viasat Inc. (VSAT) has opened a new office at Aberdeen Proving Ground in Maryland, enhancing collaboration with the U.S. Army. This facility will support Viasat's Government Systems teams in developing advanced networking and satellite communication solutions, critical for the Army's network transformation efforts. With over 35 years of partnership, Viasat aims to deepen its understanding of military needs and provide innovative solutions. The office includes workspace, a lab, and a warehouse for testing capabilities aligned with the Army's objectives.
Viasat announced its fourth quarter and fiscal year 2022 financial results on May 25, 2022. The report, available on its Investor Relations website, details the company's performance over the year. A conference call to discuss these results was held the same day at 2:00 p.m. PT. Viasat continues to focus on connecting people and businesses globally through advanced communication technologies. The company aims to enhance its network capabilities and provide secure, reliable connections for various sectors, including military and government.