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
Satellite communications company Viasat was awarded a seven-month contract by the U.S. Space Force to design and develop a satellite system, causing its stock to rise over 10% on the news.
Gogo has obtained European Union Aviation Safety Agency (EASA) supplemental type certification for its Plane Simple Ka-band tail mount antenna system on Dassault Falcon 7X and 8X aircraft, enabling high-speed global connectivity for business aviation.
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 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.
