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) 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.
Viasat, a global communications company, will release its second-quarter fiscal year 2021 financial results on November 5, 2020, after market close. The results and a letter to shareholders will be available in the investor relations section of its website. This will be followed by a conference call at 2:00 p.m. Pacific / 5:00 p.m. Eastern Time. Interested parties can join the live call by dialing (877) 640-9809 in the U.S. A replay will be accessible from the same night until November 6.
Viasat has successfully completed the rollout of its high-quality residential internet service across all states in Brazil, becoming the only satellite ISP to provide nationwide coverage. Launched in July 2020, the service now includes the new Viasat 30Mega plan, offering speeds up to 30 Mbps and data packages of up to 160 GB/month. This expansion caters to the increasing demand for reliable internet amid the pandemic, positioning Viasat as a leader in Brazil's satellite market. The company has invested in local support and is focused on meeting Brazilian user needs.
Viasat UK and CDW UK have secured a two-year contract to support NATO's Allied Rapid Reaction Corps through the Programme LELANTOS. This initiative aims to enhance command, control, and communication (C3) capabilities, facilitating agile experimentation and secure wireless military networks. The collaboration intends to develop a cutting-edge experimentation hub that improves battlefield decision-making and cross-domain integration. Viasat's defense expertise and CDW's transformation solutions will play crucial roles in delivering scalable and secure capabilities against evolving threats.
Viasat (NASDAQ: VSAT) has launched Viasat Business Voice, a cloud-based phone service tailored for small and medium businesses (SMBs). This service operates over Viasat's robust satellite network, promising enterprise-grade communication tools even in remote locations. Cost savings from switching to this VoIP system can range from 30% to 75%. Key features include multi-line support, mobile app functionality, and unlimited local calling. This initiative reinforces Viasat's commitment to enhancing connectivity for SMBs lacking access to traditional telecom services.
Viasat Inc. (NASDAQ: VSAT) announced a new configuration of its handheld Link 16 Battlefield Awareness and Targeting System – Dismounted (BATS-D) radio on October 7, 2020. This advanced version features enhanced security for diverse operational scenarios and has been certified by the NSA for U.S. General Purpose Forces and Five Eyes partner nations. The BATS-D radio bridges gaps between air and ground forces, improving situational awareness and mission coordination. Initial field successes have sparked significant interest for further applications.
Viasat Inc. (NASDAQ: VSAT) has launched its Real-Time Earth (RTE) service as a managed option for Microsoft Azure customers, enhancing access for earth observation and remote sensing sectors.
This integration with Azure Orbital allows users to utilize Viasat’s ground service, facilitating telemetry, tracking, and downlinking critical data. Viasat's service supports various satellite bands, offering affordability and reduced latency on a pay-per-use basis. Executives from both companies highlight the importance of flexibility and security for satellite data management.
Viasat Inc. (NASDAQ: VSAT) has expanded its satellite internet service in Brazil, now reaching over 93% of the population across 21 states. Launched initially in July, the service is now available in 14 additional states, including Santa Catarina and Bahia, with plans to cover 100% of the country by year-end. The service offers speeds up to 20 Mbps and data packages of 80 GB monthly, catering to diverse online needs. Viasat has invested in local operations since 2018, partnering with Visiontec for support, and aiming to connect underserved areas in Brazil.