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 (NASDAQ: VSAT) has been selected by Delta Air Lines for its advanced Ka-band satellite in-flight connectivity (IFC) solution, which will be installed on over 300 aircraft, including new deliveries and retrofits. Delta aims to enhance in-flight internet capabilities, allowing faster connections and the streaming of entertainment to any device from gate-to-gate. Viasat's technology is expected to support Delta's efforts for a personalized and free in-flight internet experience. The technology will integrate with Viasat's full fleet of satellites, providing scalable solutions to meet increased demand.
The second annual State of Military Communications study, conducted by Government Business Council in partnership with Viasat (NASDAQ: VSAT), highlights significant challenges in U.S. military communications. Key findings include that 97% of military personnel experienced connectivity loss, with 60% considering U.S. technology on par or behind adversaries. Funding limitations, legacy incompatibility, and cultural complacency hinder advancements. Secure connectivity is deemed a priority, while 67% of respondents see room for improvement in technology adoption. Investing in cloud, analytics, and advanced satellite communications is crucial for enhancing military capabilities.
Viasat Inc. (NASDAQ: VSAT) announced its Ka-band 'no speed limit' in-flight connectivity (IFC) service for the Gulfstream G280 airframe, providing premium internet experience. Passengers can expect download speeds exceeding 40 Mbps, allowing seamless use of productivity and entertainment apps. The Global Aero Terminal 5510, installed on G280 jets, connects to multiple satellite platforms, ensuring broad coverage. The service has received FAA's Supplemental Type Certificate, allowing Gulfstream to offer this upgrade.
Viasat Inc. (NASDAQ: VSAT) announced the successful integration of Link 16 Cryptographic Modernization into its KOR-24A Small Tactical Terminal (STT) ahead of a U.S. Government mandate. This capability ensures reliable communications for warfighters across various platforms. The KOR-24A STT is unique as the only multi-channel radio that supports Link 16 communications in a compact form. Viasat also launched a Trade-in/Trade-up program for military agencies to transition to this modernized solution before January 1, 2022.
Viasat (NASDAQ: VSAT) announced the acquisition of the remaining 51% share of Euro Broadband Infrastructure (EBI) for €140M, enhancing its European presence in broadband services. The deal is expected to be funded with €50M in cash, net of EBI's existing cash reserves. This acquisition will strengthen Viasat's retail and mobility services across Europe, ahead of the ViaSat-3 satellite launch planned for 2022. The transaction is projected to be accretive to earnings and improve the company's debt ratios. Closing is anticipated in Q1 2021, pending customary conditions.
Viasat Inc. (VSAT) announced that its phased array flat panel antenna has reached the Test Readiness Review (TRR) stage for SES's O3b mPOWER satellite communications system. The final testing phase aims to confirm the antenna's performance requirements, with the first prototype expected to be delivered early next year. The scalable antenna design will serve both fixed and mobile broadband applications across the full ITU Ka-band spectrum. Viasat's technology enables dynamic steering for enhanced satellite tracking and communication in multi-orbit environments.
Viasat Inc. (NASDAQ: VSAT) has partnered with Infostellar Inc. to sign a Real-Time Earth (RTE) agreement, enhancing both companies' market reach in the GSaaS sector. Under this agreement, Viasat will lead Infostellar's services in the U.S., while Infostellar will provide Viasat's RTE network access in Japan. The collaboration aims to improve data delivery from space through Viasat's global antenna network, thus reducing latency. Infostellar's StellarStation platform will leverage Viasat's technology to support a growing global demand for earth observation services.
Viasat Inc. (NASDAQ: VSAT) reported its second quarter fiscal year 2021 financial results on November 5, 2020. The company continues to focus on global communications solutions, aiming to enhance connectivity worldwide. A conference call was hosted to discuss the results, providing investors with insights into Viasat's performance. The investor relations section of their website offers further details about the results and future plans.
Viasat Inc. (NASDAQ: VSAT) announced a leadership evolution effective November 3, 2020. Mark Dankberg transitions to Executive Chairman while Rick Baldridge assumes the role of President and CEO. This change formalizes their operational dynamic and supports the long-term succession plan. Dankberg will focus on strategic technology and regulatory issues, while Baldridge aims to enhance customer-centric operations. The leadership transition occurs as Viasat prepares for the ViaSat-3 global constellation launch, positioning the company for growth in new markets.
Viasat UK Ltd., a subsidiary of Viasat Inc. (NASDAQ: VSAT), has secured a contract from the UK Ministry of Defence to provide Ultra High Frequency (UHF) satellite communications for the Royal Navy's new Type 31 frigates. This UHF SATCOM capability is crucial for secure, integrated voice and data services, enhancing maritime operations and allowing effective fleet communication. The Type 31 frigates will replace the current Type 23 vessels, with Viasat's technology ensuring reliable communications for modern warfare.