Viasat Inc (VSAT)
Viasat Inc (VSAT) is a global communications company specializing in satellite and wireless connectivity solutions. Founded in 1986, Viasat provides broadband internet services, secure networking, and in-flight connectivity for residential, commercial, military, and government customers worldwide. The company is known for its advanced satellite technology and innovative broadband solutions designed to deliver high-speed internet access in remote and underserved areas.
Company News
Panasonic TOUGHBOOK will demonstrate advanced military technology solutions at DSEI London, highlighting rugged devices designed to support UK's Strategic Defence Review 2025 and enhance NATO interoperability across security and communication domains.
Viasat reported strong Q1 earnings, generating $60 million in positive free cash flow and beating analyst expectations. The company's stock surged over 22% as short sellers were forced to buy back shares, signaling potential financial recovery and growth in defense and aviation segments.
Viasat announced that its Digital Bus connectivity system is now available on buses in Brazil, providing satellite-based internet access for passengers. This expansion into the South American market is seen as a positive development for the company.
ViaSat has been selected by Riyadh Air, Saudi Arabia's new premium international airline, to provide free, high-speed in-flight Wi-Fi and entertainment on its first Boeing 787 Dreamliner aircraft. This partnership will enhance the passenger experience with seamless streaming, gaming, and live TV.
ViaSat (VSAT) is set to deploy its multiband GAT-5530 terminal to provide secure, reliable satellite connectivity to the Airbus C295 MPA aircraft fleet of the Spanish Military.
