Viasat will provide a low Earth orbit satellite communications capability to support Department of Defense missionsCARLSBAD, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced that Inmarsat Government (dba Viasat) received a Task Order award to provide satellite communications (SATCOM) services under the Proliferated Low Earth Orbit (PLEO) Satellite-Based Services (SBS) Indefinite Delivery, Indefinite Quantity (IDIQ) contract, ...

CARLSBAD., Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced it will release its third quarter fiscal year 2025 financial results on Thursday, February 6, 2025 after the market closes, via a letter to shareholders posted to the Investor Relations section of its website. The Company will also host a conference call and webcast on Thursday, February 6, 2025 at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time. To participate on th ...

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Core Insights - Viasat's stock surged by 29% over the past week, attributed to recent contract news with NASA [1][2] Group 1: NASA Contract - Viasat has been awarded a role in NASA's $4.8 billion Near Space Network (NSN) contract, which spans five years and aims to establish relay services from low Earth orbit to 2 million kilometers [3] - The company will be one of four participants in the NSN initiative, providing direct-to-earth connection services for NASA missions [4] Group 2: Management Restructuring - Viasat announced a restructuring of its C-suite, with President Guru Gowrappan stepping down and no plans for a replacement [4] - Craig Miller, the current president of global space networks, will take on the role of senior vice president of strategic initiatives, while CTO Girish Chandran will assume Miller's previous position [4] Group 3: Financial Performance - Despite recent positive developments, Viasat has faced consistent bottom-line losses, indicating the need for the company to demonstrate long-term viability [5]

NASA Contract and Viasat's Role - NASA awarded Viasat a $4 82 billion Near Space Network (NSN) Services contract to enhance direct-to-Earth capabilities over a five-year period [1] - Viasat will provide global ground segment support for NASA missions, leveraging its Real-Time Earth (RTE) Ground-Segment-as-a-Service network for high-throughput satellite-to-ground communications [2] - The RTE network delivers multi-gigabit-per-second downlinks across six continents, integrating AI, machine learning, and cloud-based optimization for scalable solutions [3] Viasat's Competitive Advantages - Viasat's bandwidth productivity and global coverage give it a competitive edge over traditional satellite providers, particularly in mobile broadband and in-flight connectivity [5] - The company's global Ka-band network offers enhanced bandwidth and flexibility, with plans to integrate additional space relay solutions for L-band and Ka-band [6] - Partnerships with ATLAS Space Operations and the Alaska Satellite Facility strengthen NASA's satellite communication infrastructure, providing cost-effective and geographically diverse solutions [4] Financial and Stock Performance - Viasat's stock has declined 52 5% over the past year, underperforming the industry's 28 3% growth [8] - The NASA contract reinforces Viasat's position as a trusted partner, likely leading to higher revenues and improved financial performance [7] Industry Comparison - Ubiquiti Inc (UI) has a Zacks Rank 1 (Strong Buy) and delivered a 20 9% earnings surprise in the last quarter, driven by effective global network management [11] - InterDigital Inc (IDCC) holds a Zacks Rank 2 (Buy) with a long-term growth expectation of 17 44%, focusing on advanced mobile technologies [12] - Keysight Technologies (KEYS) also carries a Zacks Rank 2, benefiting from growth in electronic content in vehicles, space applications, and driver-assistance systems [13]

Company Reaffirms Fiscal Year 2025 Financial GuidanceCARLSBAD, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced a restructuring of its Senior Executive Team to better position the company for long-term growth. Effective today, January 22, Craig Miller, currently President of Global Space Networks, will become Senior Vice President, Strategic Initiatives. In his new role, Miller will work closely with Mark Dankberg, Viasat’s C ...

CARLSBAD, Calif., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ:VSAT), a global leader in satellite communications, announced today it was selected by NASA to support the agency's direct-to-Earth (DTE) capabilities via the Near Space Network (NSN) Services contract, part of a five-year multi-award indefinite delivery, indefinite quantity (IDIQ) contract program with an option to extend five years at a total cumulative value of $4.82 billion. Viasat is one of four commercial companies NASA announced ...

Viasat, Inc. (VSAT) recently completed the divestiture of its Energy Services System Integration (SI) business to a U.S.-based private investment firm, MAG Capital Partners, for an undisclosed amount. The move aligns with Viasat's ongoing strategy to actively manage its portfolio by divesting non-core assets and enhance its financial position by focusing on core business growth. VSAT’s Strategic RestructuringViasat acquired the SI business through the purchase of RigNet, Inc., a leading provider of networki ...

Core Viewpoint - Viasat, Inc. has completed the divestiture of its Energy Services System Integration business to MAG Capital Partners, aligning with its strategy to manage its portfolio effectively and enhance financial performance [1][2][3] Company Summary - Viasat is a global leader in satellite communications, aiming to connect everyone and everything worldwide, with a mission to develop a comprehensive global communications network [4] - The company recently acquired Inmarsat in May 2023, combining resources to create a new global communications partner [4] Transaction Details - The SI business, which was part of Viasat's acquisition of RigNet in 2021, provides engineering design, procurement services, and support for telecom systems on critical infrastructure projects [3] - Approximately 80 employees from the SI business will transfer to the new company, Nessco, and the sale includes the company's SI facility in Aberdeen, Scotland [3] - No locations are expected to close as a result of this sale, indicating a smooth transition for the employees and operations involved [3]

Core Viewpoint - Viasat, Inc. has secured a $568 million Indefinite Delivery/Indefinite Quantity contract from the U.S. General Services Administration to enhance military communication technologies over the next five years [1] Group 1: Contract Details - The contract aims to support the transition of command, control, communications, computers, combat systems, intelligence, surveillance, and reconnaissance technologies from Special Operations Forces to General Purpose Forces [1] - The deal has a ceiling value of $568 million and spans five years [1] Group 2: Technological Contributions - Viasat offers advanced technologies including tactical gateways, airborne satellite communication terminals, ground terminals, modems, and robust cybersecurity solutions [2] - The contract will help the U.S. Department of Defense improve mobility, networking resilience, cybersecurity, and broadband satellite communication services [2] Group 3: Operational Enhancements - The advancements from this contract will enable both Special Operations Forces and General Purpose Forces to deploy new operational capabilities, enhancing mission effectiveness and warfighter safety [3] - It will facilitate the rapid acquisition of emerging technologies, ensuring military users maintain operational readiness [3] Group 4: Market Position and Financial Outlook - Viasat's bandwidth productivity and competitive advantages in bandwidth economics and global coverage position it favorably against traditional satellite providers [4] - The increasing demand for reliable connectivity is expected to enhance Viasat's revenue potential, particularly in in-flight connectivity [5] Group 5: Stock Performance - Viasat's stock has decreased by 61% over the past year, contrasting with the industry's growth of 33.9% [6] - The company's current Zacks Rank is 4 (Sell), indicating a need for cautious investment [8]