Viasat awarded a $3.5 million Task Order for satellite communications services under a $13 billion contract with the U.S. government.
Quiver AI Summary
Viasat, Inc. announced it has received a Task Order award under the U.S. Defense Information Systems Agency's Proliferated Low Earth Orbit Satellite-Based Services IDIQ contract, initially awarded in 2023. This $3.5 million Task Order marks Viasat's first under this 10-year contract, which now has a ceiling value of $13 billion. The company will provide managed Ku-band LEO satellite communications services to support U.S. government operations globally, leveraging a partner network and offering 24/7 technical support. Viasat aims to strengthen resilience for satellite communications by integrating both geostationary and non-geostationary satellites, aligning with the Department of Defense's strategy to enhance satellite capabilities for defense and national security missions. The company emphasizes its commitment to delivering comprehensive SATCOM solutions tailored to government needs.
Potential Positives
- Viasat received its first Task Order under a 10-year IDIQ contract with the U.S. Defense Information Systems Agency, signaling strong government confidence in its capabilities.
- The Task Order has an initial value of $3.5 million, contributing to Viasat's revenue and growth in the government sector.
- This award highlights Viasat's strategic position in the expanding market for satellite communications services, particularly in the context of U.S. military operations and national security.
- The contract allows Viasat to provide diverse and integrated satellite communication solutions, which could enhance its reputation and attract more government business.
Potential Negatives
- The press release includes a cautionary note about forward-looking statements, indicating potential risks and uncertainties, which may concern investors about future performance and contracts.
- The company relies on a limited number of contracts, which raises concerns about revenue stability and dependency on specific government contracts.
- The mention of risks associated with satellite operations, including potential anomalies or operational failures, may signal vulnerability in their service offerings.
FAQ
What is the recent Task Order awarded to Viasat?
Viasat received a Task Order to provide satellite communications services under the PLEO SBS IDIQ contract, initially worth $3.5 million.
How does Viasat support U.S. government operations?
Viasat offers Ku-band LEO services and network management support to enhance satellite communication capabilities for U.S. government missions worldwide.
What is the significance of the PLEO SBS IDIQ contract?
The PLEO SBS IDIQ contract, awarded to multiple vendors, has a ceiling value of $13 billion and aims to diversify satellite communication solutions.
What satellite communication services does Viasat provide?
Viasat offers integrated SATCOM solutions, including space relay services, supported by GEO and NGSO satellites for various military domains.
How long is the IDIQ contract for Viasat?
The contract is a 10-year IDIQ agreement, allowing Viasat to provide long-term satellite communication services to the U.S. government.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VSAT Congressional Stock Trading
Members of Congress have traded $VSAT stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $VSAT stock by members of Congress over the last 6 months:
- REPRESENTATIVE DEBBIE WASSERMAN SCHULTZ purchased up to $15,000 on 10/23.
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$VSAT Insider Trading Activity
$VSAT insiders have traded $VSAT stock on the open market 8 times in the past 6 months. Of those trades, 2 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $VSAT stock by insiders over the last 6 months:
- PINCUS (CAYMAN) GLOBAL GROWTH GP LLC WARBURG sold 2,811,443 shares for an estimated $55,947,715
- TRITON CO-INVEST, L.P. WP sold 2,811,443 shares for an estimated $55,947,715
- TEACHERS PENSION PLAN BOARD ONTARIO sold 2,811,442 shares for an estimated $55,947,695
- INVESTMENT BOARD PRIVATE HOLDINGS (4) INC. CPP sold 2,811,442 shares for an estimated $55,947,695
- LUXTOPHOLDING SARL TRITON sold 2,811,442 shares for an estimated $55,947,695
- RICHARD A BALDRIDGE has made 2 purchases buying 55,000 shares for an estimated $820,000 and 0 sales.
- MARK J MILLER (EVP, Chief Technical Officer) sold 3,564 shares for an estimated $32,824
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$VSAT Hedge Fund Activity
We have seen 126 institutional investors add shares of $VSAT stock to their portfolio, and 99 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WARBURG PINCUS LLC removed 2,811,443 shares (-25.1%) from their portfolio in Q3 2024, for an estimated $33,568,629
- ONTARIO TEACHERS PENSION PLAN BOARD removed 2,811,442 shares (-24.8%) from their portfolio in Q3 2024, for an estimated $33,568,617
- CANADA PENSION PLAN INVESTMENT BOARD removed 2,811,442 shares (-24.8%) from their portfolio in Q3 2024, for an estimated $33,568,617
- BAUPOST GROUP LLC/MA removed 1,536,774 shares (-11.2%) from their portfolio in Q3 2024, for an estimated $18,349,081
- FPR PARTNERS LLC removed 1,523,535 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $18,191,007
- GOLDMAN SACHS GROUP INC added 1,206,786 shares (+401.3%) to their portfolio in Q3 2024, for an estimated $14,409,024
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Full Release
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 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
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Viasat News Room
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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. Contacts
Dan 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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