ViaSat Inc. (Nasdaq:VSAT) has won a delivery order valued at
approximately $21 million for Multifunctional Information Distribution
System (MIDS) terminals from The Space and Naval Warfare Systems Command
(SPAWAR), San Diego. MIDS provides greater situational awareness in
combat for U.S. Navy, Air Force, Army, Marine Corps, and for U.S.
defense partners by gathering information into a digital view of the
battlefield. The secure, high capacity, jam resistant wireless
(non-satellite) system connects users with both digital data and digital
voice communications. Delivery of Lot 10 units is expected to begin in
July of next year and continue through the end of 2010.
The Lot 10 order includes LVT(1) airborne and LVT(2) ground-based Low
Volume Terminals under the Indefinite Delivery/Indefinite Quantity
contract awarded in January 2000. The new award includes LVT(1) terminal
variants for F/A-18+, E/A-18G aircraft and MH-60R/S and CH-53K
helicopters. The Lot 10 order also includes MIDS LVT(2) terminal
variants for various U.S. Army and Air Force applications, as well
terminals for Canada and Germany.
"This award exemplifies our continuing high value proposition in both
the domestic and international MIDS markets,” said Jay Kaufman, MIDS
LVT program director at ViaSat. "With outstanding engineering and
production teams – and the help of our trusted vendors – we’ve focused
on responsiveness in fulfilling the needs of the MIDS community.”
About ViaSat (www.viasat.com)
ViaSat produces innovative satellite and other digital communication
products that enable fast, secure, and efficient communications to any
location. The company provides networking products and managed network
services for enterprise IP applications; is a key supplier of
network-centric military communications and encryption technologies and
products to the U.S. government; and is the primary technology partner
for gateway and customer-premises equipment for consumer and mobile
satellite broadband services. ViaSat also offers design capabilities and
a number of complementary products including monolithic microwave
integrated circuits and modules, DVB-S2 satellite communication
components, video data link systems, data acceleration and compression,
and mobile satellite antenna systems. ViaSat is based in Carlsbad, CA,
has major locations in Duluth, GA, and Germantown, MD (Comsat
Laboratories division), and has additional field offices and service
centers worldwide.
Safe Harbor Statement
Portions of this release, particularly statements about the deliveries
and performance of the ViaSat MIDS terminals, may contain
forward-looking statements regarding future events and are subject to
risks and uncertainties. ViaSat wishes to caution you that there are
some factors that could cause actual results to differ materially,
including but not limited to: contractual problems, product defects,
manufacturing issues or delays, regulatory issues, technologies not
being developed according to anticipated schedules, or that do not
perform according to expectations; and increased competition and other
factors affecting the telecommunications industry generally. The Company
refers you to the documents it files from time to time with the
Securities and Exchange Commission, specifically the section titled Risk
Factors in the Company's Form 10-K, which contain and identify other
important factors that could cause actual results to differ materially
from those contained in our projections or forward-looking statements.
Stockholders and other readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date on
which they are made. We undertake no obligation to update publicly or
revise any forward-looking statements.
Comsat Labs and Comsat Laboratories are tradenames of ViaSat, Inc.
Neither Comsat Labs nor Comsat Laboratories is affiliated with COMSAT
Corporation. "Comsat” is a registered trademark of COMSAT Corporation.
All additional products are trademarks of their respective owners.