Project Progress - The ViaSat-3 constellation project is ongoing, with the second satellite (F2) launched in November 2025 and expected to be operational by May 2026, adding 1 terabit per second of communication capacity [1] - The third satellite (F3) is planned for launch by late summer 2026 to further enhance global coverage capabilities [1] Project Positioning - ViaSat-3 consists of three geostationary satellites aimed at providing high-throughput satellite services across the Americas, Europe-Middle East-Africa, and Asia-Pacific regions [2] - The first satellite ("Americas satellite") was launched in May 2023 but experienced an antenna deployment failure, reducing its capacity to approximately 10% of the design target (around 100 Gbps) [2] - The successful deployment of satellites F2 and F3 is critical for achieving the system's original global coverage objectives [2] Strategic Advancement - The management of the company aims to achieve sustained positive free cash flow by the fiscal year 2027 and is continuously evaluating the potential separation of government and commercial business segments, although specific timelines and plans remain unclear [3]