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 Inc. (NASDAQ: VSAT) announced that its executive chairman and co-founder, Mark Dankberg, will participate in the 24th Annual Needham Virtual Growth Conference on January 12, 2022, from 1:15 PM to 1:55 PM EST. The event includes a presentation and one-on-one meetings, but will not be webcast. Viasat aims to connect people globally through its advanced communications technology, reinforcing its commitment to secure, affordable connections.
Viasat Inc. (NASDAQ: VSAT) announced two new contracts with the Navy Exchange Service Command (NEXCOM) to enhance telecommunications services in Guam and Poland. The contracts will deliver triple-play services, including Wi-Fi, voice, and TV, benefiting Sailors and their families. Viasat will deploy a fiber network in Guam and provide managed Wi-Fi in Poland. This expansion reflects Viasat's commitment to improving connectivity at military bases. The company aims to offer consistent, high-quality internet and media services, further strengthening its relationship with the Navy.
Viasat (NASDAQ: VSAT) was awarded the 2021 Global Satellite Business of the Year at the World Satellite Business Week Summit in Paris. This accolade, presented by Euroconsult, recognizes outstanding performance in strategic initiatives, revenue growth, and commercial development. CEO Rick Baldridge expressed pride in the team's achievements, highlighting Viasat's commitment to advancing global connectivity through space-based solutions. The award reflects rigorous assessments of both qualitative and quantitative metrics from industry experts.
Viasat (NASDAQ: VSAT) has joined the Paris Peace Forum's 'Net Zero Space' Initiative to address the escalating space debris crisis in Low Earth Orbit (LEO). As the first U.S. communications satellite operator to join, Viasat aims to contribute actionable solutions to mitigate debris risks. The company released a White Paper outlining risk assessment models for large LEO constellations, furthering their commitment to sustainable space operations.
Viasat Inc (NASDAQ: VSAT) has announced participation in two significant investor events. Mark Dankberg, co-founder and executive chairman, will speak at the Morgan Stanley 4th Annual Space Summit on December 7, 2021, focusing on national security and the challenges in space. The event will take place in New York at 11:15 a.m. Eastern Time. Additionally, Viasat will engage in one-on-one meetings at the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021, which will be hosted virtually. For more details, visit Viasat's investor website.
Monteverde & Associates PC is investigating three companies regarding their proposed mergers. McAfee Corp. (MCFE) is under scrutiny for its acquisition by an investor group, offering shareholders $26.00 per share. Level One Bancorp, Inc. (LEVL) is exploring its merger with First Merchants Corp., with a proposed deal of $10.17 in cash and 0.7167 shares of First Merchants stock per LEVL share. Viasat, Inc. (VSAT) is also being examined for its merger with Inmarsat, involving $850 million in cash and 46.36 million newly issued shares. Investors can seek more information for free.
Viasat Inc. (NASDAQ: VSAT) has announced the operational readiness of its in-flight connectivity (IFC) network in China, developed in partnership with China Satellite Communications. This milestone allows both domestic and international airlines to provide passengers with seamless internet access while flying in and out of Chinese airspace. The network leverages Viasat's advanced Ka-band technology, offering high-speed internet that enhances passenger experiences and airline operations. This development meets the rising demand for IFC services in China's growing aviation market.
Viasat (NASDAQ: VSAT) has partnered with Porter Airlines to equip 30 new Embraer E195-E2 aircraft with its advanced in-flight connectivity (IFC) solution. This initiative will enhance the digital passenger experience for longer routes, as the aircraft are set to enter service in the second half of 2022. Viasat's technology promises high-speed internet powered by its ViaSat-2 satellite and future capabilities from the upcoming ViaSat-3 satellite constellation. This collaboration marks a significant step towards expanding Porter's service network across North America and beyond.
Viasat Inc. (NASDAQ: VSAT) appoints Kevin Harkenrider as chief operating officer (COO), effective immediately. As a 15-year veteran of the company, Harkenrider brings extensive experience in senior leadership roles, previously serving as Executive Vice President, Global Operations. His new responsibilities include overseeing operational structures and aligning Viasat's innovation with strategic priorities. Harkenrider aims to enhance Viasat's global growth and operational focus amidst a compelling company vision.