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 (NASDAQ: VSAT) is a global communications company focused on satellite communications, with activity spanning government SATCOM, mobility services, maritime connectivity, business aviation and emerging direct-to-device satellite services. The Viasat news feed on this page aggregates company announcements, press releases and other coverage so readers can follow how the business and its satellite network evolve over time.
Recent news from Viasat highlights developments in its integrated Ka-band network for government users, including a unified global Ka-band satellite communications network that combines Viasat satellites, the Global Xpress fleet and partner satellites. The company has also announced services such as Enhanced LAISR, an on-demand managed L-band service designed to support government airborne, maritime and land users with beyond line-of-sight connectivity.
Viasat’s news flow also covers its aviation and maritime offerings. Announcements have described Viasat Amara, a next-generation in-flight connectivity solution adopted by airlines, and NexusWave, a bonded multi-network service from Inmarsat Maritime, a Viasat company, that supports digitalization and crew welfare at sea. Additional updates include agreements with airlines and shipping companies to deploy these connectivity solutions across fleets.
Beyond transport markets, Viasat reports on its HaloNet and InRange services for launch telemetry and near-Earth space communications, as well as research on direct-to-device satellite connectivity for mobile users. Corporate governance and capital markets items, such as board appointments, equity plan changes and financial results releases, are also reported through company news and SEC filings.
Investors and followers of VSAT stock can use this news page to monitor product announcements, network expansions, customer agreements, research publications and governance updates that Viasat discloses through official channels.
Viasat Inc. (NASDAQ: VSAT) announced that it received FAA Supplemental Type Certificate approval for its Ku Advanced in-flight connectivity system on specific Bombardier Challenger 600 series business jets. This certification allows Viasat and its MRO partners to offer an enhanced connectivity solution, improving performance and coverage compared to existing systems. The Ku Advanced service starts at approximately $300,000 and enables various flexible data plans. The FAA-approved hardware is available now, enhancing the user experience on heavily traveled flight routes.
Viasat Inc. (VSAT) and KLM Royal Dutch Airlines are expanding in-flight connectivity on 39 aircraft (18 Boeing 737-800 and 21 Embraer E195) by the end of 2021, with services operational by early 2022. KLM will provide three connectivity tiers: a free Messaging option for 30 minutes, and paid Surf and Stream options for internet browsing and streaming. Viasat's equipment utilizes their high-capacity Ka-band satellite network, ensuring future compatibility with the upcoming ViaSat-3 satellite constellation, enhancing capacity and coverage for European flights.
Viasat (Nasdaq: VSAT) announced a collaboration with 19Labs to enhance telemedicine solutions for underserved communities. This partnership aims to provide affordable healthcare through real-time remote patient monitoring (RPM), utilizing Viasat's high-speed satellite broadband and 19Labs' HIPAA-compliant platform. The initiative involves setting up e-clinics in Latin America and deploying kits in U.S. schools and practices, funded by the FCC CARES Act. The collaboration seeks to address healthcare access gaps exacerbated by the COVID-19 pandemic.
Bombardier and Viasat Inc. (Nasdaq: VSAT) announced regulatory approval for Viasat's Ka-band in-flight connectivity system on Challenger 300 and 350 aircraft, enhancing passenger experience with fast download speeds. The FAA and EASA granted Supplemental Type Certificates, allowing installation across Bombardier's service network. The Ka-band system supports business-critical tasks like video conferencing and streaming. Viasat's Global Aero Terminal 5510 is forward-compatible with future satellite systems, offering potential for expanded coverage and capacity.
Viasat Inc. (NASDAQ: VSAT) and Panasonic have collaborated to integrate the Eclypt® Core Encrypted Internal Hard Drive into the modular TOUGHBOOK 55 notebook, designed for the Defence industry. This solid-state self-encrypting hard drive is certified for securing Top Secret information and is approved for use by NATO and various European nations, including Germany. The partnership aims to provide enhanced data security for the UK Ministry of Defence and global defence organizations, ensuring the devices are tailored for rugged and secure field applications.
Viasat Inc. (NASDAQ: VSAT) has been recognized as the 'Best Satellite Provider' among U.S. rural internet service providers by CNET. This accolade highlights Viasat's competitive edge in offering enhanced data plans and higher speeds, along with affordable equipment rental costs. The company is committed to bridging the digital divide in the U.S. through better broadband connectivity, reinforced by its upcoming ViaSat-3 satellite constellation, which is expected to deliver eight times more bandwidth, enabling improved services now and in the future.
Viasat Inc. (NASDAQ: VSAT) has appointed Jim Bridenstine, former NASA Administrator and Congressman, to its Board of Directors as a Class II director until the 2022 Annual Meeting. This addition brings extensive expertise in space technology and innovation to Viasat as it prepares to launch the ViaSat-3 network, which aims to deliver unprecedented global broadband connectivity using advanced satellite technology. Viasat's Board now consists of eight members, with six being independent directors. Bridenstine's leadership will enhance Viasat's strategic direction in the aerospace sector.
Viasat has launched a new Network Operations Centre (NOC) and Cyber Security Operations Centre (CSOC) in Aldershot, UK, representing over £300m investment aimed at enhancing UK industries. This initiative is expected to create over 75 new jobs while providing advanced network and cyber security services to defense, government, and commercial clients. The facility will ensure network resilience and tackle sophisticated cyber threats, leveraging Viasat's extensive experience in protecting critical data and infrastructure.
Viasat Inc. (NASDAQ: VSAT) has secured a five-year contract extension with the Navy Exchange Service Command to provide managed internet, Wi-Fi, voice services, and high-definition TV at Navy Lodge® sites globally. This contract enhances services for sailors living in various accommodations and at Navy Morale, Welfare and Recreation facilities. Additionally, Viasat is now accepting the MILITARY STAR card for payments, offering discounts and rewards aimed at improving service quality for military personnel and their families.
Viasat Inc. (NASDAQ: VSAT), based in Carlsbad, California, announced participation in several upcoming virtual investor conferences. Notable events include the Raymond James 42nd Annual Institutional Investors Conference on March 1, 2021, featuring Executive Chairman Mark Dankberg, and the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 2, 2021, with CFO Shawn Duffy. CEO Rick Baldridge will present at the Morgan Stanley Technology, Media & Telecom Conference on March 3, 2021. Webcast details are available on their investor website.