Core Insights - Viasat expects to receive $568 million from Ligado in fiscal year 2026, primarily to manage near-term maturities and improve its extended maturity profile [1][6] - The agreement includes a binding term sheet between Inmarsat, Ligado, and AST, subject to Bankruptcy Court approval [2][6] - Ligado will resume quarterly payments of approximately $16 million starting September 30, 2025, with a 3% annual increase, and will make a $420 million lump sum payment on October 31, 2025, followed by a $100 million payment on March 31, 2026 [6] Financial Implications - The total expected payments from Ligado to Inmarsat by March 31, 2026, will amount to $568 million, which includes the lump sum and quarterly payments [6] - The agreement is anticipated to strengthen Viasat's capital position and support its growth strategy [2] Strategic Outlook - Viasat's commitment to providing essential mobile satellite services (MSS) globally remains unaffected by the agreement [6] - The settlement reflects Viasat's focus on innovation in MSS services while ensuring the stability of existing services [6]