Key Developments: ViaSat Inc (VSAT.O)

VSAT.O on Nasdaq

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22 May 2015
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Latest Key Developments (Source: Significant Developments)

ViaSat Inc selected by Gulfstream as sole source ku-band in-flight connectivity supplier for large cabin business jets
Tuesday, 19 May 2015 02:00am EDT 

ViaSat Inc:Says it has been selected by Gulfstream Aerospace Corporation as sole source Ku-band equipment supplier to outfit Gulfstream's large cabin business jets with ViaSat Yonder high-speed internet service.Says ViaSat equipment is available on Gulfstream's existing large cabin aircraft (G450, G550, G650) and new aircraft (G500, G600) either as a factory option, or as an aftermarket install.  Full Article

ViaSat Inc reaffirms FY 2015 EBITDA outlook - Conference Call
Tuesday, 10 Feb 2015 05:00pm EST 

ViaSat Inc:Says it still believe this is a good target of about $340 mln for FY 2015 EBITDA, including about $40 mln of non-recurring EBITDA benefit, due to the SSL litigation settlement.  Full Article

ViaSat Inc raises FY 2015 EBITDA outlook - Conference Call
Friday, 7 Nov 2014 08:00pm EST 

ViaSat Inc:Expects to believe FY 2015 EBITDA could be closer to about $340 mln, given the $40 mln of EBITDA benefit that the company got at the second quarter, due to the settlement.FY 2015 EBITDA of $322 mln - Thomson Reuters I/B/E/S.  Full Article

ViaSat Inc awarded $54 mln for MIDS JTRS Development
Tuesday, 9 Sep 2014 08:00am EDT 

ViaSat Inc:Has been awarded $54 mln from Space and Naval Warfare Systems Command (SPAWAR) for co-development and qualification of Tactical Targeting Network Technology (TTNT) capabilities for Multifunctional Information Distribution System Joint Tactical Radio System (MIDS JTRS).MIDS JTRS joint development by ViaSat and Data Link Solutions is part of the U.S. government program to provide migration path from MIDS-LVT terminal to certified, reprogrammable, software-defined radio architecture for tactical data links.Order was awarded under MIDS Indefinite Delivery/Indefinite Quantity contract initially executed in March 2010 and recently expanded to higher ceiling amount to accommodate additional awards.Link 16 MIDS is line-of-sight radio system for collecting and transmitting broadband, jam-resistant, secure data and voice across variety of air, sea, and ground platforms.  Full Article

ViaSat Inc reaches settlement with Space Systems/Loral and Loral Space & Communications Inc
Monday, 8 Sep 2014 12:00am EDT 

ViaSat Inc:Says that it has reached a comprehensive settlement of all outstanding claims related to its litigation with Space Systems/Loral (SS/L) and Loral Space & Communications Inc.Says for breach of contract and patent infringement.In April 2014 a U.S. District Court in San Diego determined that SS/L breached its non-disclosure agreement with ViaSat by disclosing proprietary data to SS/L customer, and ViaSat competitor, Hughes Network Systems that was used to design Hughes' Jupiter-1 (now EchoStar XVII) high-capacity satellite.Says the jury also found three ViaSat patents to be both valid and infringed by SS/L's design of the Hughes Jupiter-1 satellite.Says a second lawsuit covering additional ViaSat patents and alleging infringement by additional SS/L satellites, including Jupiter-2 (EchoStar XIX), was likely to go to trial in early 2016.Says under the terms of this agreement, ViaSat will settle its claims in both suits in exchange for $100 million plus interest to be paid to ViaSat through 2016.  Full Article

ViaSat Inc gives FY 2015 EBITDA outlook below analysts' estimates - Conference Call
Tuesday, 12 Aug 2014 09:00pm EDT 

ViaSat Inc:Says it believe FY 2015 to achieve EBITDA growth approaching FY 2014 rate again.Reported EBITDA of $221.21 mln in FY 2014.FY 2015 EBITDA of $294.67 mln - Thomson Reuters I/B/E/S.  Full Article

ViaSat Inc gains high-rate modem and design technologies with acquisition of assets of Gray Labs
Monday, 28 Jul 2014 08:00am EDT 

ViaSat Inc:Expanded its high-speed satellite data communication technology base with acquisition of high-rate modem product line and custom spacecraft technologies for earth observation from Gray Labs Inc.Gray Labs has been at edge of this market for several decades and technology continues to provide high performance in ISR and other applications.ViaSat will continue to support Gray Labs products and customers with state-of-the-art design from its Duluth, Georgia campus.  Full Article

ViaSat Inc and Eutelsat enter First-of-a-Kind agreement to Link High-Capacity Ka-Band Satellite Networks
Tuesday, 1 Jul 2014 03:18am EDT 

ViaSat Inc:ViaSat Inc and Eutelsat enters into pioneering agreement that will enable service access and roaming on each other`s high-capacity satellite networks (KA-SAT for Eutelsat and ViaSat-1 for ViaSat).Both Ka-band networks, representing well over half of all Ka-band capacity on orbit worldwide, share the same high-capacity satellite ecosystem, enabled by the ViaSat Broadband System, along with other ground infrastructure owned and operated by Eutelsat and ViaSat.Resulting high-capacity service area will span North America, Europe and the Mediterranean Basin.Customers will be able to operate an array of fixed and mobile services including in-flight connectivity, maritime, emergency relief, oil and gas operations and government applications anywhere within the combined coverage areas.Agreement includes provisions for future satellites and follow-on technologies as they complement current Eutelsat and ViaSat High Throughput Satellites.Future includes ViaSat-2, scheduled for launch in 2016, which is designed to cover a broader footprint in North America, Central America, the Gulf of Mexico, the Caribbean and to bridge the North Atlantic to form a blanket of high-capacity coverage across the region.  Full Article

ViaSat Inc announces change in CFO - Form 8-K
Friday, 20 Jun 2014 04:09pm EDT 

ViaSat Inc:Says on June 17, company restructured its financial management team by appointing Shawn Duffy to serve as ViaSat’s Senior Vice President and Chief Financial Officer.  Full Article

ViaSat Inc announces acquisition of Netnearu Corp
Monday, 9 Jun 2014 01:12pm EDT 

ViaSat Inc:Announces acquisition of privately-held NetNearU Corp, which develops network management system for Wi-Fi and other Internet access networks.Operating as a wholly-owned subsidiary, NetNearU will retain its Bryan/College Station, Texas location-also establishing a ViaSat presence in Texas.  Full Article

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