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Viasat Unveils HaloNet Portfolio for Near-Earth Communications
ZACKSยท 2025-08-14 16:36
Core Insights - Viasat, Inc. has launched the HaloNet portfolio, which integrates space and terrestrial networks into a unified service offering aimed at enhancing near-Earth communications [1][9] - HaloNet is designed to support simultaneous connectivity to thousands of space vehicles across various orbital inclinations, serving missions up to 1,100 km in low Earth orbit and medium Earth orbit [2] - The platform addresses the growing demand for agile, reliable, and secure communications infrastructure as government and commercial LEO operations expand [3] Product Features - HaloNet offers a turnkey launch and orbital communications solution, combining multi-band GEO-relay and Direct-to-Earth satellite communications [2][4] - Key services include secure telemetry and command links, real-time data relay during launches, high-capacity data transmission, and mobile command capabilities [4][5] - The system ensures secure and adaptable data transport with speeds ranging from tens of Kbps to over 10 Gbps through dynamic routing [5] Business Performance - Viasat's Satellite Services business is experiencing growth, with increasing average revenue per user (ARPU) and revenues driven by a solid retail distribution network [6] - The company reported strong first-quarter fiscal 2026 results, exceeding Zacks Consensus Estimates, with growth in aviation services, information security, and space systems [7] - For fiscal 2026, management anticipates low single-digit revenue growth and flat adjusted EBITDA year over year [7] Stock Performance - Viasat currently holds a Zacks Rank 2 (Buy), with shares increasing by 58.1% over the past year, outperforming the Wireless Equipment industry's growth of 29.7% [8]