Welcome to our dedicated page for Viasat news (Ticker: VSAT), a resource for investors and traders seeking the latest updates and insights on Viasat stock.
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) announced a major milestone for its first satellite in the ViaSat-3 global constellation, now at Boeing for final integration and testing. This satellite, aimed at enhancing broadband capabilities for remote areas, features over 20 kW of power and a total capacity of 3 Terabits per second (Tbps). The launch is expected in early 2022, promising significant advancements in internet service delivery. Concurrently, development of the second and third ViaSat-3 satellites continues, with the EMEA payload projected for delivery later in 2022.
Viasat (NASDAQ: VSAT) has signed a Ka-band capacity lease agreement with Avanti Communications to enhance coverage and capacity across the Middle East and Western Europe. This deal aims to support Viasat's expanding global mobility and enterprise sectors, particularly in aviation, maritime, and energy. With a long-standing partnership, Viasat will utilize Avanti's HYLAS 4 and HYLAS 2 satellites starting October 2021, bolstering its market presence before the launch of its ViaSat-3 satellite. The arrangement will enable Viasat to attract new business and improve customer service in the region.
Viasat Inc. (NASDAQ: VSAT) announced the integration of its In-line Network Encryptor (INE) into the first Link 16-capable low earth orbit (LEO) satellite for the U.S. Air Force. This marks a significant development in military communications security, enhancing cybersecurity for mission data transfer and supporting over 100 Mbps throughput. The INE is designed for the LEO environment, enabling secure data flow across multiple levels, including telemetry and inter-satellite communications. Viasat aims to deliver high assurance, programmable crypto solutions that can adapt quickly using commercial off-the-shelf technology.
Viasat Inc. (NASDAQ: VSAT) showcased its advanced cloud-based communication technologies during the NICE Advanced Naval Technology Exercise (ANTX) held from April 5-15, 2021, at Camp Lejeune, North Carolina. The event, aimed at enhancing U.S. Navy and Marine Corps operations, highlighted Viasat's capabilities in secure ship-to-shore communications, agile communication node management, and electronic warfare operations. Viasat's ELITE kit and G-18 antenna demonstrated their role in ensuring reliable, on-the-move satellite communications, crucial for modern military operations.
Viasat Inc. (NASDAQ: VSAT) announced leadership changes with Evan Dixon promoted to President of Global Fixed Broadband and Craig Miller as President of Government Systems. Dixon has a proven track record in enhancing Viasat's broadband services globally, while Miller brings extensive experience in defense technology, overseeing a segment with over $1 billion in revenues. These appointments aim to strengthen Viasat's initiatives, especially with the upcoming launch of the ViaSat-3 constellation, reflecting the company's commitment to global connectivity.
Viasat Inc. (NASDAQ: VSAT) reported its fourth quarter and fiscal year 2021 financial results, emphasizing strong growth in revenue and demand for services. The results were disclosed in a letter to shareholders and are available on their Investor Relations website. A conference call was scheduled to discuss these results, allowing stakeholders to gain insights into the company's performance and future plans.
Viasat (NASDAQ: VSAT) has partnered with Delta Air Lines to enhance in-flight connectivity (IFC) by retrofitting over 230 additional domestic aircraft with Viasat's Ka-band satellite technology. This expansion follows the prior announcement of connectivity for over 300 Delta aircraft. The new IFC solution enables streaming, browsing, and app usage on personal devices, while a single antenna also supports live TV. Viasat's IFC system is compatible with its global satellite network, including the anticipated ViaSat-3 constellation, expected to significantly increase capacity.
Viasat Inc. (NASDAQ: VSAT) announced that JetBlue has chosen its in-flight connectivity (IFC) solutions for new Airbus A220-300 and A321 Long Range aircraft. This collaboration enhances JetBlue's high-speed IFC service, operational since 2013, enabling free streaming and browsing for passengers. Additionally, Viasat will provide live in-flight TV, marking the first A220 aircraft equipped with Viasat connectivity, supporting up to 30 channels via seatback systems. This partnership strengthens Viasat's long-term relationship with JetBlue while enhancing passenger experiences.
On May 20, 2021, Viasat announced a multi-year partnership with the NBA to provide NBA League Pass to airline passengers during flights. This service offers live and on-demand access to NBA games at no additional cost when registered for NBA League Pass in-flight. Initially available on JetBlue, the service will be expanded to other airlines. The partnership aims to enhance the in-flight experience using Viasat's advanced satellite technology. NBA League Pass will provide comprehensive game coverage, including new features and enhancements for passengers aboard Viasat-equipped aircraft.
Viasat Inc. (NASDAQ: VSAT) has announced plans to release its fourth quarter and fiscal year 2021 financial results on May 25, 2021, before market opening. The results will be shared via a letter to shareholders on its Investor Relations website. Following the release, Viasat will host a conference call at 11:00 a.m. PT, which will also be available via a live webcast. A replay option will be provided for one day after the event. For over 35 years, Viasat has been committed to global communications.