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) and Embraer (NYSE: ERJ) have signed a Buyer-Furnished Equipment agreement to incorporate Viasat's advanced In-Flight Connectivity (IFC) system as a factory option on Embraer's E2 aircraft. This partnership ensures airlines can deliver IFC services from day one of aircraft operation, improving passenger experience and reducing downtime associated with retrofitting. Multiple airlines, including Azul Airlines, are already opting for this factory-equipped version. Viasat becomes the first Ka-band IFC provider available on the E2 family.
On November 11, 2021, Viasat Inc. (NASDAQ: VSAT) was awarded the Gold Award of the 2021 HIRE Vets Medallion Awards by U.S. Secretary of Labor Martin J. Walsh. This recognition honors employers who excel in recruiting and retaining military veterans. Viasat, along with 848 other companies, met strict criteria for veteran hiring and support initiatives. Additionally, Viasat was listed among the top employers for veterans by Military Times in its 2021 Best for Vets: Employers List, highlighting its ongoing commitment to veteran employment.
Viasat Inc. (NASDAQ: VSAT) has launched its first Real-Time Earth (RTE) facility in Africa, located in Accra, Ghana. This initiative, developed in partnership with the Ghana Space Science and Technology Institute, aims to enhance earth observation and remote sensing services while creating new job opportunities. The facility features a 7.3M S/X/Ka-band antenna, enabling efficient data transmission and satellite services. With this addition, Viasat expands its RTE network globally to five continents, further solidifying its position in the satellite service market.
Viasat and Intercorp Perú Ltd. have announced a partnership aimed at enhancing digital inclusion in Latin America and the Caribbean. Utilizing Viasat's satellite-enabled Community Internet service, this collaboration will target underserved communities by providing affordable, high-quality internet connectivity. Initial service areas include Jamaica, Guatemala, and Honduras, with plans for expansion as new satellite coverage becomes available. Intercorp will support deployment efforts, leveraging its local expertise and distribution capabilities to facilitate the initiative.
Viasat Inc. (NASDAQ: VSAT) announced its second quarter fiscal year 2022 results on November 8, 2021. The company revealed a definitive agreement to acquire Inmarsat, which could enhance its global communication capabilities. Details on financial metrics were shared in a letter to shareholders, accessible via Viasat's Investor Relations website. A conference call on the financial results is scheduled for the same day at 8:00 a.m. ET, with a replay available shortly after. This acquisition positions Viasat for significant growth in the communications sector.
Viasat and Inmarsat have announced a definitive agreement for Viasat to acquire Inmarsat for $7.3 billion, comprising $850 million in cash, 46.36 million shares of Viasat stock valued at $3.1 billion, and $3.4 billion of net debt. The merger aims to create a leading global communications entity focused on broadband and IoT services, enhancing innovation and customer choice. The combined entity is expected to realize significant synergies, projecting mid-teens percentage revenue and EBITDA growth, with a fully funded path to positive free cash flow.
Viasat Inc. (NASDAQ: VSAT), a global communications leader, will release its second quarter fiscal year 2022 financial results on November 9, 2021, before market opening. This announcement includes a shareholder letter posted on the Investor Relations section of their website. A conference call and webcast will also take place the same day at 10:00 a.m. PT. The call can be accessed through specific dial-in numbers provided for U.S. and international participants. A replay of the call will be available for a limited time following the event.
Viasat, Inc. (NASDAQ: VSAT) partners with AEVEX Aerospace to enhance wildfire management for the U.S. Forest Service and Orange County Fire Authority. Utilizing AEVEX's GeoFOCIS 3D mapping software and Viasat’s high-capacity SATCOM, the collaboration aims to provide real-time situational awareness and data during wildfires. This technology enhances operational efficiency by delivering full motion video and vital information instantaneously, improving decision-making for firefighting personnel.
Viasat (NASDAQ: VSAT) has opened a new office in Dubai, UAE, enhancing its presence in the Middle East. This move aims to strengthen relationships with local government and customers, particularly in the aviation, maritime, and energy sectors. The office will support Viasat's ongoing collaboration with the Mohammed Bin Rashid Space Centre, showcasing Dubai as a hub for space innovation. The company is also set to expand its regional capabilities with the planned launch of its ViaSat-3 satellite constellation, which promises advanced broadband services.
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