U.S. politician buys military tech stock amid rising WW3 fears

Company Overview - ViaSat (NASDAQ: VSAT) is known for producing military communications equipment and has recently been involved in significant stock transactions by U.S. Representative Debbie Wasserman Schultz [1][3]. Recent Transactions - Representative Debbie Wasserman Schultz acquired a stake in ViaSat valued between $1,001 and $15,000 on October 23, 2024, with the transaction disclosed on November 20, 2024 [2][3]. - This transaction is part of a broader pattern, as Schultz has been active in stock trading, executing 113 trades totaling approximately $1.75 million, with a significant focus on the information technology sector [6][7]. Market Context - The acquisition comes amid heightened geopolitical tensions due to the ongoing conflict between Russia and Ukraine, although markets have not shown significant movement in response [2][8]. - Despite the relevance of ViaSat in defense, its stock has faced a prolonged decline, dropping an additional 32% since Schultz's purchase, and is down approximately 73% year-to-date [8]. Financial Performance - ViaSat reported a reduced net loss of $138 million in its Q2 earnings, down from $767 million, despite a slight revenue dip to $1.12 billion from $1.13 billion [9]. - The company achieved record contract awards totaling $1.3 billion during the same quarter, indicating notable progress despite the financial challenges [9].