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 (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.
Viasat Inc. (NASDAQ: VSAT) is set to announce its fourth quarter and fiscal year 2022 financial results on May 25, 2022, after market close. The results will be accessible via a letter to shareholders posted on the Investor Relations website. A conference call and webcast will occur the same day at 2:00 PM PT / 5:00 PM ET. Participants can join by dialing (877) 640-9809 in the U.S. or (914) 495-8528 internationally, using conference ID 8382277. A replay will be available until May 26, 2022.
Viasat (NASDAQ: VSAT) announces that Southwest Airlines has selected its next-generation Ka-band satellite in-flight connectivity (IFC) system for factory installation on new aircraft deliveries starting this fall. This partnership enhances in-flight internet capabilities, enabling customers to stream content, watch live television, and access social media seamlessly. Viasat's technology addresses in-flight connectivity challenges, ensuring consistent high-speed service even during peak demand. With a roadmap for future satellites, Viasat aims to meet the growing demand for data-driven services.