Viasat Comments on Letter from Carronade Capital Management

Rhea-AI Summary

Viasat (NASDAQ:VSAT) has responded to a letter from Carronade Capital Management, affirming its commitment to shareholder value maximization. The company, which specializes in satellite communications, in-flight connectivity, and military communications, emphasized its ongoing strategy to enhance earnings power and deliver sustainable operating and free cash flow.

The management team stated they will carefully evaluate Carronade's proposals while focusing on reducing leverage and reviewing their portfolio. Viasat expressed openness to maintaining constructive dialogue with all stakeholders, including Carronade Capital Management.

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• None.

Negative

• Presence of activist investor involvement suggests potential governance or performance concerns

CARLSBAD, Calif., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ:VSAT) (“Viasat” or “the Company”), a global leader in satellite communications, today issued the following statement in response to a letter from Carronade Capital Management.

"Viasat consistently engages in dialogue with its shareholders and welcomes constructive input focused on maximizing shareholder value. As a leader in satellite infrastructure and connectivity, in-flight connectivity and critical military and government communication, Viasat is well-positioned to compete globally. 

The Company’s Board of Directors and management team are committed to acting in the best interests of all shareholders. We are focused on executing Viasat’s strategy to strengthen our franchises’ earnings power, deliver sustainable, compelling operating and free cash flow, and reduce leverage while we review our portfolio to maximize long-term shareholder value.

The Board and management team will carefully evaluate Carronade’s ideas. We look forward to continuing a constructive and collaborative dialogue with all our stakeholders, including Carronade.”

About Viasat 
Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people's lives anywhere they are—on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on LinkedIn, X, Instagram, Facebook, Bluesky, Threads, and YouTube.

Viasat, Inc. Contacts
Lisa Curran, Investor Relations, +1 (760) 476-2633, IR@viasat.com
Peter Siwinski, Danya Al-Qattan, Kelsey Markovich, FGS Global, +1 (415) 618-8750, viasat@fgsglobal.com

FAQ

What is the purpose of Carronade Capital Management's letter to Viasat (NASDAQ:VSAT)?

While specific details of Carronade's letter weren't disclosed, it appears to be related to shareholder value maximization proposals that Viasat's board and management team will evaluate.

How did Viasat (NASDAQ:VSAT) respond to Carronade Capital's letter?

Viasat responded by stating they welcome constructive input and will carefully evaluate Carronade's ideas while maintaining focus on strengthening earnings power, cash flow, and reducing leverage.

What are Viasat's (NASDAQ:VSAT) main business segments in 2025?

Viasat operates in satellite infrastructure and connectivity, in-flight connectivity, and critical military and government communication segments.

What strategic priorities did Viasat (NASDAQ:VSAT) outline in their response?

Viasat outlined priorities including strengthening earnings power, delivering sustainable operating and free cash flow, reducing leverage, and reviewing their portfolio to maximize long-term shareholder value.