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.
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Viasat has been selected by NASA for its Communications Services Project, focusing on enhancing near-Earth communications. By developing a space relay capability leveraging the upcoming ViaSat-3 satellite constellation, Viasat aims to provide real-time, cost-effective communications for Low Earth Orbit (LEO) satellites. This service is expected to reduce data latency and offer operators flexible options for data transfer. Viasat's existing RTE service already lowers costs for satellite operators, and the new integrated network will further improve efficiency.
The San Diego Padres and Viasat (NASDAQ: VSAT) will unveil the Viasat Military Hall of Honor on April 24, 2022, honoring military veterans and active service members. Located in the Power Alley concourse, the interactive space will feature touchscreens displaying honoree information and a booth for fans to record messages to military personnel. Viasat's president emphasized the company's commitment to veterans through employment initiatives. This partnership aligns with the Padres' ongoing efforts to recognize military service at home games.
Breeze Airways is expanding its service with 8 new routes from Westchester, NY, including nonstop flights to Los Angeles, San Francisco, and Las Vegas. The airline will operate these routes using new Airbus A220 aircraft featuring 36 first-class seats. Starting June 30 and continuing through November, Breeze will also add flights from Hartford to Las Vegas and from New Orleans to Savannah. Viasat will provide in-flight connectivity, enhancing passenger experience. Low fares start at $39 with no change fees.
Viasat (NASDAQ: VSAT) has joined the Harwell Space Cluster in the UK, aiming to foster technology and research partnerships. The Harwell Campus hosts over 1,400 space professionals and significantly contributes to the UK’s GDP. With a new office there, Viasat seeks to leverage its expertise in satellite communications to enhance its global ViaSat-3 satellite constellation, which promises over 3 Tbps of network capacity. The initiative aligns with the UK’s goal to capture 10% of the global space economy by 2030, creating potential commercial opportunities in space safety, encryption, and terminal development.
Viasat has partnered with the Košice region of Slovakia to provide free high-speed internet to Ukrainian refugees using its Community Internet system. This initiative addresses the immediate need for connectivity among thousands of refugees, enabling them to communicate with loved ones and access vital information. The service is powered by the KA-SAT satellite network, which has supported Ukrainian connectivity for ten years. Viasat's president emphasized the importance of this humanitarian effort in supporting refugees during their time of need.
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Viasat (NASDAQ: VSAT) has received a Civil Aviation Administration of China (CAAC) Validation of Supplemental Type Certificate for its Ka-band satellite system on Airbus A320 aircraft. This is Viasat's first CAAC validation, allowing Chinese airlines to deploy its In-Flight Connectivity (IFC) system. The system has been previously certified by the European Union Aviation Safety Agency and is currently installed in over 1,800 commercial aircraft, totaling 16.5 million flight hours. This milestone enhances passenger experience and offers airlines improved operational efficiency and revenue opportunities.
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.