Viasat will support U.S. Department of Defense
(DoD) technology modernization with tactical networking, ground
system, satellite communication and cybersecurity solutions
CARLSBAD, Calif., Dec. 10,
2024 /PRNewswire/ -- Viasat, Inc. (NASDAQ:
VSAT), a global leader in satellite communications, announced today
it has received a five-year, sole-source Indefinite
Delivery/Indefinite Quantity (IDIQ) contract through the U.S.
General Services Administration (GSA) with a $568 million ceiling. This contract is a
follow-on award through GSA that extends a previous IDIQ award
issued in 2019. Under the award, Viasat will support the rapid
migration of command, control, communications, computers, combat
systems, intelligence, surveillance and reconnaissance (C5ISR)
capabilities and best practices from Special Operations Forces
(SOF) to General Purpose Forces (GPF).
Through this contract, Viasat will continue to deliver a diverse
portfolio of technologies and services to help advance and enable
the communications, security, intelligence and operations that are
essential for both SOF and GPF warfighters. Viasat Communication
Services and Defense and Advanced Technologies portfolios offer
proven and innovative government solutions, including tactical
gateways and advanced networking, airborne SATCOM terminals and
Hubs, ground terminals and modems, beyond-line-of-sight satellite
services, and cybersecurity and encryption capabilities. Viasat's
technology and services capabilities have expanded following its
acquisition of Inmarsat in 2023, offering an extensive range of
flexible, resilient communication solutions and services to support
DoD's evolving operations and mission requirements.
This contract structure allows the DoD to address key priorities
for enhanced mobility, resilient networking, cybersecurity and
broadband SATCOM services. It also allows for the accelerated
acquisition and adoption of new products, systems and services the
DoD requires, and enables military users across services to access
and benefit from these emerging technologies. Viasat will continue
to support the identification and integration of new capabilities
and technologies that can address the DoD's enterprise C5ISR
mission requirements.
"Viasat is proud to be a trusted partner for the entire Joint
Force, providing the DoD with a wide range of capabilities and
services including advanced tactical networking, ground system and
mobile satellite communications (SATCOM) solutions, information
assurance and cybersecurity products, and satellite services," said
Susan Miller, President of Viasat
Government. "We look forward to continuing our close partnership
with the DoD to solve complex problems and support military forces
across domains with flexible, resilient and secure capabilities
that enable enhanced operations and improved situational awareness
across the battlespace."
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
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Copyright © 2024 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.
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 about the IDIQ, including the total amount
of orders received by Viasat under the contract; Viasat's delivery
of a portfolio of technologies, products and services; and the
anticipated benefits to the DoD, SOF and GPF. 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: Viasat's ability to successfully
develop, introduce and sell new technologies, products and
services; audits by the U.S. government; delays in approving U.S.
government budgets and cuts in government defense expenditures;
Viasat's reliance on U.S. government contracts, and on a small
number of contracts which account for a significant percentage of
our revenues; and introduction of new technologies and other
factors affecting the defense industry generally. In addition,
please refer to the risk factors contained in Viasat's SEC filings
available at www.sec.gov, including Viasat's 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.
Viasat undertakes no obligation to update or revise any
forward-looking statements for any reason.
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SOURCE Viasat, Inc.