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 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.
Viasat has signed the UK Armed Forces Covenant, affirming its commitment to support UK military personnel, reservists, veterans, and their families. The company received a Bronze Award under the Defence Employer Recognition Scheme for its dedication to the armed forces community. Viasat's investments include a £300 million plan for the ViaSat-3 global satellite constellation and a new state-of-the-art facility in Aldershot, enhancing support for the UK government and Ministry of Defence. The covenant strengthens Viasat's ties with the UK Ministry of Defence.
Viasat has reached a significant milestone by deploying its services to 50,000 locations across Brazil, enhancing internet access for over 9 million Brazilians through the Wi-Fi Brasil program. By becoming the first ISP to provide residential connectivity nationwide, Viasat closes the digital gap in remote areas. The partnership with Telebras enables over 20,000 internet access points, benefiting rural schools and communities. Additionally, a new localized brand reflects Viasat's commitment to Brazil's diverse culture and connectivity growth.
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.