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Viasat Selected by U.S. Space Force to Deliver Dual-Band Satellite System under the Protected Tactical SATCOM-Global (PTS-G) Program Swarm 1 Delivery Order

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Viasat (NASDAQ: VSAT) was selected by the U.S. Space Force’s Space Systems Command for the PTS-G Swarm 1 Delivery Order, awarding a prime contract to build, launch and operate a dual-band X/Ka-band mini-GEO satellite system.

The multi-year award includes ground stations plus five years of operations and sustainment. PTS-G has a $4B IDIQ ceiling across awardees and targets resilient, maneuverable, anti-jam military communications, with initial operating capability for Viasat’s system expected no earlier than 2029.

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Positive

  • Prime contract for PTS-G Swarm 1 dual-band mini-GEO satellite system
  • Multi-year award includes five years of operations and sustainment services
  • Leverages existing ViaSat-3 technology for faster, cost-effective deployment
  • Strengthens role as end-to-end satellite manufacturer and operator for U.S. Space Force
  • Participation in PTS-G program with $4B IDIQ ceiling across awardees
  • Supports initial operating capability target date no earlier than 2029

Negative

  • None.

News Market Reaction – VSAT

+18.23%
128 alerts
+18.23% Session close to close
+19.9% Peak in 25 hr 27 min
$9.95B Market Cap
1.0x Rel. Volume

In the Jun 11 session, VSAT gained 18.23%, reflecting a significant positive market reaction. Argus tracked a peak move of +19.9% during that session. Our momentum scanner triggered 128 alerts that day, indicating very high trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +18.2% in the session following this news. A strong positive reaction aligns with V...
Analysis

The stock surged +18.2% in the session following this news. A strong positive reaction aligns with Viasat’s strategic positioning in secure government communications. The PTS-G Swarm 1 award validates its mini-GEO dual-band design and extends visibility toward initial capability no earlier than 2029. Investors weighing such gains would need to consider the active S-3ASR shelf, overall contract concentration, and a 52-week range from $10.31 to $89.79 when assessing durability.

Key Figures

PTS-G IDIQ ceiling: $4B Operations & sustainment term: 5 years Initial operating capability: No earlier than 2029 +5 more
8 metrics
PTS-G IDIQ ceiling $4B Program-wide Indefinite Delivery Indefinite Quantity ceiling across awardees
Operations & sustainment term 5 years Swarm 1 satellite operations and sustainment services under award
Initial operating capability No earlier than 2029 Target for PTS-G mini-GEO satellite initial operating capability
Shares outstanding 136,568,953 As of May 8, 2026 per shelf prospectus
Last reported price $81.40 Nasdaq sale on May 26, 2026 per shelf prospectus
Current price $61.50 Prior to publication of PTS-G Swarm 1 award news
52-week range $10.31 – $89.79 52-week low and high before this news
Market cap $8,732,218,855 Equity value prior to PTS-G Swarm 1 announcement

Historical Context

5 past events · Latest: Jun 01 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jun 01 Defense contract win Positive -9.6% Selected by Lockheed Martin to supply Hybrid SATCOM for NOAA aircraft.
May 28 Earnings release Neutral -7.0% Reported Q4 and FY 2026 financial results and held earnings call.
May 26 Product milestone Positive +9.2% Announced SB-S cockpit connectivity in service on 1,000 aircraft.
May 22 Earnings scheduling Neutral +9.2% Set date and details for Q4 and FY 2026 results call.
May 07 Board/strategic review Neutral -1.4% Added two directors and announced cooperation agreement with investor.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent VSAT news often saw share moves that diverged from the seemingly positive or neutral headlines, with several contract/operational updates followed by notable declines.

Recent Company History

Over the last six weeks, Viasat announced multiple strategic developments, including selection by Lockheed Martin for NOAA’s C-130J program and milestones in cockpit connectivity, plus board additions and a cooperation agreement with Carronade. Earnings on May 28, 2026 and several positive contract updates produced mixed reactions, with sharp moves both up and down. Today’s USSF PTS-G production award continues the theme of meaningful government and aerospace partnerships.

Key Terms

geosynchronous earth orbit (geo), x/ka-band, indefinite delivery indefinite quantity (idiq), satcom
4 terms
geosynchronous earth orbit (geo) technical
"fleet of small, maneuverable geosynchronous Earth orbit (GEO) satellites under"
A geosynchronous earth orbit (GEO) is a circular path about 35,786 kilometers above Earth where a satellite takes exactly one day to circle the planet, so it stays over the same longitude and appears nearly fixed in the sky. For investors, GEO is valuable because these limited “parking spaces” are ideal for stable services like TV, communications and weather monitoring, creating long-term revenue potential, regulatory scarcity and useful collateral for satellite businesses.
x/ka-band technical
"mini-GEO dual X/Ka-band satellite system into production for resilient"
X/Ka-band refers to two sections of the microwave radio spectrum commonly used for radar and satellite communications: X-band (around 8–12 GHz) and Ka-band (roughly 26.5–40 GHz). Investors care because these frequency ranges determine how much data a satellite or ground link can carry, how large and expensive the antennas must be, and how susceptible the signal is to weather — like choosing wider, faster lanes that may be more affected by potholes and rain.
indefinite delivery indefinite quantity (idiq) technical
"The PTS-G program, which has an Indefinite Delivery Indefinite Quantity (IDIQ)"
A firm arrangement between a buyer and a supplier that sets up a standing agreement for purchases over a set period, but does not fix the exact number of items up front; it guarantees minimum business and allows orders up to an agreed ceiling as needs arise. For investors, it signals a predictable revenue stream with flexible demand—like a company having an open tab with a big customer—reducing sales uncertainty while leaving growth tied to future orders.
satcom technical
"survivable SATCOM architecture.” PTS‑G is part of a broader transformation"
Satcom, short for satellite communications, uses orbiting satellites as relay stations to send and receive voice, data and video between distant or hard-to-reach locations, effectively acting like cell towers in space. It matters to investors because satcom services support broadband, broadcasting, defense links and connected devices, often producing steady customer revenue but requiring large upfront costs, regulatory approvals and sensitivity to launch technology and spectrum access — all factors that influence company value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PTS-G Swarm 1 Delivery Order award advances Viasat’s mini-GEO dual X/Ka-band satellite system into production for resilient, maneuverable, anti-jam military communications

CARLSBAD, Calif., June 11, 2026 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced it was awarded a prime contract by the U.S. Space Force’s (USSF) Space Systems Command (SSC) to build, launch and deliver the first of a proliferated fleet of small, maneuverable geosynchronous Earth orbit (GEO) satellites under the Protected Tactical SATCOM-Global (PTS-G) program. The new Swarm 1 Delivery Order contract builds on Viasat’s completion of the Delivery Order 1 (DO1) phase awarded in 2025, where the company successfully matured a system design for a resilient, low size, weight and power (SWaP) GEO satellite and associated ground architecture to dynamically support key hot spot service areas. The proposed satellite design and operational concept illustrates how Viasat is applying low cost, high performance dual-use technology to provide resilient connectivity for an increasingly contested tactical communications environment.

The PTS-G program, which has an Indefinite Delivery Indefinite Quantity (IDIQ) ceiling value of $4B across program awardees, is a cornerstone of the USSF’s strategy to use commercial baseline designs to deploy a proliferated constellation of agile GEO satellites to deliver secure, resilient, anti-jam communications and improve operational flexibility for warfighters worldwide. This prime contract reinforces Viasat’s unique position as both an end-to-end satellite system manufacturer and operator for the USSF across a broad range of frequencies and expands its role as a partner for U.S. and global allies seeking advanced, dual-use space communication systems.

Under this multi-year development award, Viasat’s Space and Mission Systems (SMS) team will produce and deliver a dual-band X/Ka-band mini-GEO, maneuverable satellite, and provide ground stations and operations support. This Swarm 1 Delivery Order award also includes five years of operations and sustainment services for the satellite, inclusive of tracking, telemetry, and command (TT&C), satellite and network operations, and cybersecurity requirements.

Viasat's PTS-G mini-GEO satellite architecture will leverage cutting-edge technology already developed for the ViaSat-3 fleet, allowing for rapid, cost-effective deployment of high-performance and resilient satellite systems that adapt to evolving USSF mission requirements.

“Viasat is pleased to continue our partnership with the U.S. Space Force as the PTS-G program moves into the production phase,” said Craig Miller, President, Viasat Government. “This production award recognizes Viasat’s technical and operational expertise designing and rapidly delivering resilient, and high-performance dual-use satellite solutions in a multi-orbit environment, as well as our deep understanding of USSF mission needs and how to effectively deliver secure communications for DoW and partner missions. We are excited to partner with the USSF on this foundational work supporting next-generation government space operations, and we look forward to accelerating the Space Force’s vision for employing scalable, dual-use capabilities to create a more agile, cost-effective, and survivable SATCOM architecture.”

PTS‑G is part of a broader transformation in how the USSF acquires and deploys satellite communications capabilities—emphasizing speed, competition, and commercial technology integration to meet evolving threats. This transformation includes the USSF objective to deploy maneuverable GEO satellites, significantly improving the resilience and agility of military communications.

John Reeves, Vice President of Space and Mission Systems, Viasat Government, said: “Our team is motivated to continue this critical work supporting the USSF and DoW under the PTS-G program, and we are eager to transition our innovative design into production and delivery of a small, maneuverable GEO capability to support dynamic mission operations. Our flexible dual-band X/Ka-band satellite is designed to enable critical DoW operations and mission outcomes – supporting global connectivity, increasing resilience and improving warfighters’ ability to combat emerging threats.”

The Viasat SMS team is part of the company’s Defense and Advanced Technologies segment. Viasat’s production and delivery of the dual-band satellite system will support meeting initial operating capability no earlier than 2029.

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

Copyright © 2026 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat Signal are registered trademarks in the U.S. and in other countries of Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.

Viasat, Inc. Contacts
Dan Bleier, Public Relations, Corporate and Government, +1 (202) 383-5074, daniel.bleier@viasat.com
Lisa Curran/Pete Lopez, Investor Relations, +1 (760) 476-2633, IR@viasat.com

Forward-Looking Statements
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements that refer to Viasat’s PTS-G program Delivery Order 2 award, including the anticipated production, launch, delivery and performance of the Viasat dual-band X/Ka-band satellite; future operations and sustainment services for the satellite; and Viasat’s receipt of any future manufacturing or other awards related to the program. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: risks associated with the construction, launch and operation of satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; changes in relationships with, or the financial condition of, key customers or suppliers; our reliance on a limited number of third parties to manufacture and supply our products; our ability to successfully develop, introduce and sell new technologies, products and services; increased competition; the effect of adverse regulatory changes (including changes affecting spectrum availability or permitted uses) on our ability to sell or deploy our products and services; changes in the way others use spectrum; our inability to access additional spectrum, use spectrum for additional purposes, and/or operate satellites at additional orbital locations; competing uses of the same spectrum or orbital locations that we utilize or seek to utilize; and introduction of new technologies and other factors affecting the communications and defense industries generally. In addition, please refer to the risk factors contained in our SEC filings available at www.sec.gov, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update or revise any forward-looking statements for any reason.


FAQ

What did Viasat (NASDAQ: VSAT) announce on June 11, 2026 about the PTS-G Swarm 1 contract?

Viasat announced a prime contract from the U.S. Space Force’s Space Systems Command to build, launch and deliver a dual-band mini-GEO satellite under the PTS-G Swarm 1 Delivery Order. According to Viasat, the award moves its resilient satellite architecture from design into production and operations.

What is the scope of Viasat’s role in the PTS-G Swarm 1 Delivery Order for VSAT shareholders?

Viasat will produce a maneuverable dual-band X/Ka-band mini-GEO satellite, supply ground stations and provide operations support. According to Viasat, the award also covers five years of operations and sustainment, including TT&C, network operations and cybersecurity for the satellite system.

How large is the Protected Tactical SATCOM-Global (PTS-G) program involving Viasat (VSAT)?

The PTS-G program has an Indefinite Delivery Indefinite Quantity ceiling value of $4 billion across participating awardees. According to Viasat, PTS-G is a cornerstone initiative to field proliferated agile GEO satellites delivering secure, resilient, anti-jam communications for global military users.

What satellite technology will Viasat (VSAT) use for the PTS-G Swarm 1 mini-GEO system?

Viasat plans to leverage technology already developed for its ViaSat-3 fleet in the PTS-G mini-GEO architecture. According to Viasat, this enables rapid, cost-effective deployment of high-performance, resilient satellite systems that can adapt to evolving U.S. Space Force mission requirements worldwide.

When is initial operating capability expected for Viasat’s PTS-G Swarm 1 satellite system?

Initial operating capability for Viasat’s dual-band PTS-G mini-GEO satellite is targeted for no earlier than 2029. According to Viasat, its Space and Mission Systems team will handle production and delivery to support this schedule within the broader U.S. Space Force SATCOM transformation.

How does the PTS-G Swarm 1 award affect Viasat’s relationship with the U.S. Space Force?

The award expands Viasat’s role as both satellite system manufacturer and operator for the U.S. Space Force. According to Viasat, it reinforces the company as a key partner providing dual-use, resilient SATCOM capabilities for U.S. and allied defense and government missions.

What military communication benefits are targeted by Viasat’s PTS-G Swarm 1 dual-band satellite?

The dual-band X/Ka-band mini-GEO satellite is designed to deliver resilient, maneuverable, anti-jam communications for contested environments. According to Viasat, the system aims to support global connectivity, increase resilience and improve warfighters’ ability to address emerging threats through flexible, dynamic satellite operations.