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 secured its first Task Order under a PLEO Satellite-Based Services IDIQ contract with the U.S. Space Force. The initial $3.5 million order is part of a larger $13 billion contract framework awarded in 2023.
Under this order, Viasat will provide Ku-band LEO services through a partner network to support U.S. government operations globally. The company will deliver network management support with real-time data access and 24/7 technical support.
The contract aims to strengthen the Department of Defense's communications resilience by diversifying satellite orbits, combining geostationary (GEO) and non-geostationary orbits (NGSO). Viasat will provide fully-managed LEO satellite-based services and capabilities, including space relay services, supporting space, air, land, maritime, and cyber domains.
Viasat (NASDAQ: VSAT) has announced it will release its third quarter fiscal year 2025 financial results on Thursday, February 6, 2025, after market close. The results will be communicated through a shareholder letter posted on the company's Investor Relations website section.
The satellite communications company will hold a conference call and webcast on the same day at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time. U.S. participants can dial (800) 715-9871, while international callers should use +1 (646) 307-1963, with conference ID 2357759. The webcast will be accessible through Viasat's Investor Relations website and will remain available for approximately one month after the call.
Viasat (NASDAQ: VSAT) announced a significant reorganization of its senior executive team, effective January 22, 2025. Craig Miller, previously President of Global Space Networks, transitions to Senior Vice President of Strategic Initiatives, working directly with CEO Mark Dankberg. Girish Chandran, the current Chief Technology Officer, expands his role to become President of Global Space Networks.
Notable changes include the departure of Guru Gowrappan, current President, who will serve in an advisory role through April 2025. Gowrappan's exit follows his successful leadership of the Inmarsat acquisition integration. The company does not plan to replace the President position.
Viasat has reaffirmed its fiscal year 2025 financial guidance as previously announced on November 6, 2024.
Viasat (NASDAQ: VSAT) has been selected by NASA as one of four commercial companies to support the Near Space Network (NSN) Services contract, a five-year IDIQ program with a potential five-year extension and total value of $4.82 billion.
Initially, Viasat will provide global ground segment support services through its Real-Time Earth (RTE) Ground-Segment-as-a-Service network, offering multi-gigabit per second downlinks across six continents. The company has partnered with ATLAS Space Operations and Alaska Satellite Facility to deliver a modern satellite ground network.
The contract aims to provide commercial ground and space relay services for NASA missions from low Earth orbit to two million kilometers from Earth. Currently, NASA uses commercial providers for about 36% of its direct-to-Earth services, indicating significant growth potential. The contract aligns with NASA's strategy to leverage commercial capabilities for mission communications and navigation requirements.
Viasat (NASDAQ: VSAT) has completed the sale of its Energy Services System Integration (SI) business to MAG Capital Partners. The SI business, which was acquired through RigNet in 2021, provides engineering design and telecom systems support for critical infrastructure projects. The transaction includes the transfer of approximately 80 employees and the SI facility in Aberdeen, Scotland to the new company, Nessco. No locations are expected to close due to the sale.
According to CFO Gary Chase, this divestiture aligns with Viasat's strategy to enhance its financial position and streamline its portfolio, as the SI business had minimal strategic synergies with Viasat's core growth operations. Imperial Capital, acted as the exclusive financial advisor for the transaction.
Viasat (NASDAQ: VSAT) has been selected by the Defense Innovation Unit (DIU) to provide networking capabilities for the Replicator initiative, focusing on command and control connectivity for unmanned systems. The company will deliver its Multi-Domain Uncrewed Secure Integrated Communications (MUSIC) architecture, an optimized configuration of Viasat's NetAgility software-defined networking capability.
The project, known as ORIENT (Opportunistic, Resilient & Innovative Expeditionary Network Topology), aims to enable seamless and resilient connectivity of autonomous systems using multi-transport pathways. Viasat has been developing the MUSIC solution with the Office of Under Secretary of Defense for Research and Engineering for 18 months, recently demonstrating its application in connecting autonomous maritime systems during the Autonomous Warrior 24 exercise in Australia.
Viasat (NASDAQ: VSAT) has successfully demonstrated direct-to-device (D2D) satellite connectivity for the first time in the United Arab Emirates, marking its third successful showcase this quarter following demonstrations in India and Saudi Arabia. The company, in collaboration with Skylo and TDRA, successfully sent satellite-enabled two-way messages and SoS messages using commercial Android smartphones enabled for non-terrestrial network connectivity.
The demonstration utilized Viasat's L-band satellites orbiting above Asia and was enabled by 3GPP standards-based NTN service infrastructure. D2D technology allows everyday devices to connect seamlessly to both terrestrial and satellite connectivity without additional hardware, following new global mobile 3GPP release 17 standards.
Viasat (NASDAQ: VSAT) has secured a five-year, sole-source IDIQ contract through the U.S. General Services Administration with a $568 million ceiling. This follow-on award extends a previous 2019 IDIQ contract to support the migration of C5ISR capabilities from Special Operations Forces to General Purpose Forces.
The contract enables Viasat to deliver various technologies and services, including tactical gateways, advanced networking, airborne SATCOM terminals, ground terminals, modems, satellite services, and cybersecurity capabilities. The company's capabilities have expanded following its Inmarsat acquisition in 2023, offering enhanced communication solutions to support DoD's evolving operations.
Viasat has released its 2024 Passenger Experience Survey, revealing important insights about air travelers' connectivity preferences. The study, which surveyed over 11,000 recent air travelers, shows that 75% of passengers are more likely to choose airlines offering quality in-flight Wi-Fi, with 22% refusing to consider long-haul flights without connectivity.
Key findings include that 36% of passengers prioritize free or low-cost Wi-Fi, with 87% willing to watch advertisements for free access. 71% of travelers want access to their streaming platforms, and 94% desire to use personal devices alongside seatback entertainment. The survey also revealed strong interest in future innovations, with 55% eager for enhanced entertainment experiences and 51% interested in improved comfort services.
Viasat (NASDAQ: VSAT) has successfully demonstrated direct-to-device (D2D) satellite connectivity in Saudi Arabia for the first time. The demonstration included sending two-way messages and SoS messages using a commercial Android smartphone at the 'Connecting the World from the Skies' event in Riyadh. The technology utilized Viasat's L-band spacecraft over the Indian Ocean and Skylo's NTN service infrastructure. D2D technology enables everyday devices to connect to both terrestrial and satellite networks without additional hardware, following 3GPP release 17 standards. The system uses already-licensed satellite spectrum, ensuring no interference with terrestrial services.