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 ...

CARLSBAD, Calif., Dec. 18, 2024 /PRNewswire/ -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced that it has completed the divestiture of its Energy Services System Integration (SI) business to US-based private investment firm MAG Capital Partners. No further transaction details were announced. Gary Chase, Chief Financial Officer, Viasat said: "We are focused on taking strategic actions and continuously looking at ways to enhance our financial position and unlock val ...

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]

Viasat and Skylo have shared messages from a mobile device over satellite for the first time in the country in collaboration with the Telecommunications and Digital Government Regulatory Authority (TDRA): marking the third major demo this quarter.CARLSBAD, Calif., Dec., 11, 2024 /PRNewswire/ -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced it has successfully demonstrated direct-to-device (D2D) satellite connectivity for the first time in the United Arab Emirates. ...

Viasat, Inc. (VSAT) recently announced that it has collaborated with the U.S. Department of Defense and supported the maritime autonomous system experiment conducted by the AUKUS coalition (United States, Australia and the U.K.) during a trilateral exercise at New South Wales in Australia. It is part of the Maritime Big Play initiative, whose objective is to conduct trilateral exercises focused on ensuring interoperability, improving operational capabilities and expanding the use of maritime autonomous syst ...

MIDDLETOWN, R.I., Dec. 05, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (Nasdaq: KVHI), today announced that, together with international shipping leader Vroon, they have completed the deployment of Starlink/VSAT hybrid connectivity aboard 58 Vroon vessels. The hybrid configuration employs new Starlink Flat High Performance Terminals and Starlink service configured to work in concert with the existing KVH TracPhone® V7-HTS VSAT terminals and Iridium Certus units already onboard Vroon’s fleet. “Our crews’ w ...

Editor's note: Seeking Alpha is proud to welcome Oskar Goyvaerts as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.My name is Oskar Goyvaerts, and I'm the Chief Investment Officer at Moretus Investments, a value-driven investment firm. I focus on identifying undervalued businesses that are trading far below their intrinsic value. We've been highly succe ...

Viasat, Inc. (VSAT) recently announced that it has collaborated with non-terrestrial network (NTN) provider Skylo to demonstrate direct-to-device (D2D) satellite connectivity in the Kingdom of Saudi Arabia. This was the first instance of a D2D trial conducted in the Middle Eastern country.Using commercial NTN-enabled Android smartphones, VSAT and Skylo showcased the ability to send satellite-enabled two-way messages and SoS communications. During the trial, 3GPP standards-compliant NTN service infrastructur ...

United States Representative Debbie Wasserman Schultz has acquired a stake in ViaSat (NASDAQ: VSAT), a company known for producing military communications equipment.This purchase comes at a peculiar moment, with accelerated chatter about the possibility of World War Three stemming from the ongoing conflict between Russia and Ukraine. Currently, markets have yet to show significant movement in response to escalating geopolitical tensions. Schultz’s transaction, valued between $1,001 and $15,000, occurred on ...