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.
On August 3, 2020, Viasat (NASDAQ: VSAT) announced the launch of its Dynamic Video Encoding (DVE) technology, designed to optimize video transmissions for military aircraft during Intelligence, Surveillance, and Reconnaissance (ISR) missions. This technology enhances bandwidth usage, adapts video quality based on available data rates, and allows for seamless configuration across security boundaries. The DVE capability promises substantial improvements in video quality and data management for military operations, ultimately supporting mission success and command capabilities.
Viasat (NASDAQ: VSAT) will release its Q1 FY2021 financial results on August 6, 2020, after market close. The financial data and a shareholder letter will be accessible on its investor relations website. Following this, a conference call and webcast are scheduled for August 7, 2020, at 5:30 a.m. Pacific Time. Participants can join by calling the provided numbers and referencing the conference ID 6073266. A replay of the call will be available from later that day until August 8.
Viasat Inc. (NASDAQ: VSAT) announced the completion of a $175 million common stock investment from affiliates of Intercorp and Baupost Group. The investors acquired 4,474,559 shares at $39.11 per share, representing a 2.6% premium over the prior day's close. Proceeds are intended for general corporate purposes, including satellite operations, acquisitions, and working capital. CEO Mark Dankberg emphasized the importance of expanding internet connectivity globally, highlighting this investment as pivotal for Viasat's strategic expansion in Central and South America.
Viasat UK Ltd., a subsidiary of Viasat Inc. (NASDAQ: VSAT), has announced a collaboration with Cyber1st to enhance secure voice and data services for commercial customers and the UK Ministry of Defence (MOD). This partnership aims to advance cryptographic capabilities and strengthen network protection against cyber threats. Viasat UK is also establishing a sovereign Cyber Security Operations Centre and is recognized for its unique Type 1 network encryption. The collaboration emphasizes the delivery of high-grade cryptographic solutions, positioning both companies for wider market opportunities.
Viasat (NASDAQ: VSAT) has officially launched its Real-Time Earth (RTE) facility in Alice Springs, Australia, providing Ground-Station-as-a-Service (GSaaS) for earth observation and remote sensing. In partnership with the Centre for Appropriate Technology Ltd and Indigenous Business Australia, the facility aims to enhance data delivery for various industries, supporting both legacy and next-generation satellites. The project involved a $1 million investment in local businesses and has facilitated skill development for Aboriginal workers. This facility will complement existing Viasat RTE sites globally.
Viasat (Nasdaq: VSAT) has announced the pricing of its $400 million offering of 6.500% Senior Notes due 2028, set to close around June 24, 2020. The notes will be issued at face value and guaranteed by Viasat's domestic restricted subsidiaries. Net proceeds of approximately $394.6 million will be allocated to repaying existing borrowings and general corporate purposes, which may include satellite-related costs and strategic initiatives. The offering is made under Rule 144A and Regulation S, with no registration under the Securities Act required.
Viasat Inc. (NASDAQ: VSAT) announced plans for a private placement of $400 million in senior unsecured notes due 2028. The offering is aimed at qualified institutional buyers and will follow Rule 144A and Regulation S protocols. Proceeds will be utilized to repay existing borrowings under its revolving credit facility and for general corporate purposes, including potential satellite financing, acquisitions, and capital expenditures. The notes are unregistered and subject to market conditions.
On June 17, 2020, BT plc, NSSLGlobal Ltd, and Viasat UK Ltd announced a strategic alliance focused on enhancing UK defense satellite communications (SATCOM). This partnership aims to bid for the MOD's 'Service Delivery Wrap' segment of the Skynet 6 program, with awards expected in 2022. The alliance leverages the partners' extensive experience and capabilities to deliver advanced SATCOM solutions, support cybersecurity, and modernize the UK Armed Forces. This collaboration is anticipated to bolster the UK's defense and space sectors significantly.