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Viasat Wins Task Order Award to Provide U.S. Space Force with Low Earth Orbit Services

1. Viasat awarded a $3.5 million Task Order for satellite services under a $13 billion contract. 2. The contract supports U.S. government operations with flexible satellite communications capabilities. 3. Viasat aims to enhance satellite communication resilience through diverse orbit integrations. 4. The company showcases a long history of reliable SATCOM solutions for government clients. 5. Viasat's acquisition of Inmarsat strengthens its capabilities and global communications reach.

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Why Bullish?

The new contract signifies increased revenue potential, enhancing market perception. Similar past contracts led to stock price increases.

How important is it?

The article highlights a significant contract that could lead to substantial future revenue, impacting share price positively.

Why Long Term?

Ongoing government reliance on satellite services indicates sustained demand over time. Historical contracts have led to long-term revenue growth for Viasat.

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CARLSBAD, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced that Inmarsat Government (dba Viasat) received a Task Order award to provide satellite communications (SATCOM) services under the Proliferated Low Earth Orbit (PLEO) Satellite-Based Services (SBS) Indefinite Delivery, Indefinite Quantity (IDIQ) contract, which was awarded in 2023 to multiple vendors by the U.S. Defense Information Systems Agency (DISA) on behalf of the U.S Space Force and Space Systems Command (SSC) Commercial Satellite Communications Office (CSCO). This is the first Task Order award for Viasat under the 10-year IDIQ contract, which now has an expanded ceiling value of $13 billion. As part of this contract, Viasat aims to provide a suite of fully-managed LEO satellite-based services and capabilities, to include space relay services, supplemented by GEO and NGSO satellites, supporting all domains – space, air, land, maritime and cyber. Under this initial $3.5 million Task Order, Viasat will provide Ku-band LEO services through a partner network to support U.S. government operations in various global locations. As part of this work, Viasat will provide network management support, including real-time data through an online account management tool and offering comprehensive technical support 24/7 to ensure uninterrupted service. A leading satellite services provider and network integrator, Viasat has worked with trusted satellite owners/operators to provide the bandwidth government customers require at a cost-effective price point. As government operations increasingly depend on space-based capabilities from trusted commercial operators for defense and national security missions, it is critical to have resilient communications architectures that include satellites in geostationary (GEO) and non-geostationary orbits (NGSO). The expansion of satcom services in LEO is part of a Department of Defense (DoD) strategy to strengthen resilience for satellite communications, remote sensing and other capabilities by diversifying and integrating the orbits used. “Viasat has a history of delivering integrated SATCOM solutions and service offerings across multiple bands and orbits to address government customers’ unique requirements. This new Task Order award is a testament to our team’s continued commitment and ability to provide diverse, multi-orbit SATCOM solutions with the global reach, scalability, and flexibility to meet the needs of today’s global military operations,” said Victor Farah, Senior Vice President of Government Services and Solutions at Viasat. “We are proud to provide the government with a resilient low latency global LEO service that offers the flexibility to support the needs of combatant commands, other DoD organizations and international coalition partners.” Visit Viasat’s website for more information about the flexible satellite communications services for government. About ViasatViasat 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 Facebook, Instagram, LinkedIn, X or YouTube.  Copyright © 2025 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat Signal are registered in the U.S and in other countries to Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners. Viasat, Inc. ContactsDan Bleier, Public Relations, Viasat Government, +1 (202) 725-7125, daniel.bleier@viasat.com Lisa Curran/Peter Lopez, Investor Relations, +1 (760) 476-2633, IR@viasat.com Forward-Looking Statements This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements that refer to the features, expected benefits and performance of the Viasat provided Ku-band pLEO satellite services and network management support; and the amount of future awards made to Inmarsat Government under the IDIQ contract.  Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements.  Factors that could cause actual results to differ include: risks associated with the construction, launch and operation of satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; our ability to successfully develop, introduce and sell new technologies, products and services; audits by the U.S. Government; changes in the global business environment and economic conditions; delays in approving U.S. Government budgets and cuts in government defense expenditures; our reliance on U.S. Government contracts, and on a small number of contracts which account for a significant percentage of our revenues; changes in relationships with, or the financial condition of, key customers or suppliers; our reliance on a limited number of third parties to manufacture and supply our products; increased competition; introduction of new technologies and other factors affecting the communications and defense industries generally. In addition, please refer to the risk factors contained in our SEC filings available at www.sec.gov, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update or revise any forward-looking statements for any reason.

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