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 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.
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.