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Viasat Comments on Letter from Carronade Capital Management

1. Viasat engages with shareholders for value maximization. 2. The company emphasizes its global competitive position in satellite communications. 3. Viasat aims to strengthen earnings and cash flow while reducing leverage. 4. Management is open to Carronade Capital's proposals for improvement.

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Why Bullish?

Viasat's proactive stance and shareholder engagement may boost investor confidence, leading to increased stock demand, similar to past episodes when transparency and engagement improved stock prices. For instance, companies that respond positively to shareholder input often experience short-term stock appreciation as confidence is restored.

How important is it?

The article highlights Viasat's commitment to shareholder value and strategic focus, which are crucial for investor sentiment and market valuation, especially post-acquisition of Inmarsat, wherein psychological confidence is likely to drive stock performance.

Why Short Term?

The immediate engagement with shareholders and willingness to evaluate external ideas signals potential near-term adjustments in business strategy, akin to historical patterns seen when firms respond to activist shareholders.

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CARLSBAD, Calif., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ:VSAT) (“Viasat” or “the Company”), a global leader in satellite communications, today issued the following statement in response to a letter from Carronade Capital Management. "Viasat consistently engages in dialogue with its shareholders and welcomes constructive input focused on maximizing shareholder value. As a leader in satellite infrastructure and connectivity, in-flight connectivity and critical military and government communication, Viasat is well-positioned to compete globally.  The Company’s Board of Directors and management team are committed to acting in the best interests of all shareholders. We are focused on executing Viasat’s strategy to strengthen our franchises’ earnings power, deliver sustainable, compelling operating and free cash flow, and reduce leverage while we review our portfolio to maximize long-term shareholder value. The Board and management team will carefully evaluate Carronade’s ideas. We look forward to continuing a constructive and collaborative dialogue with all our stakeholders, including Carronade.” About Viasat Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people's lives anywhere they are—on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on LinkedIn, X, Instagram, Facebook, Bluesky, Threads, and YouTube. Viasat, Inc. ContactsLisa Curran, Investor Relations, +1 (760) 476-2633, IR@viasat.comPeter Siwinski, Danya Al-Qattan, Kelsey Markovich, FGS Global, +1 (415) 618-8750, viasat@fgsglobal.com

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