ViaSat Inc. (NASDAQ: VSAT) has been awarded an additional order valued
at approximately $7 million for Multifunctional Information Distribution
System (MIDS) terminals from the Space and Naval Warfare Systems Command
(SPAWAR), San Diego. The order augments the $52 million Lot 9 delivery
order announced on June 11, received by ViaSat as part of the MIDS
annual Lot procurements. The Lot 9 add-on consists primarily of
LVT(2)/LVT(11) ground-based Low Volume Terminals, along with LVT(1)
airborne terminals.
MIDS
LVT is part of a tactical radio system that collects data from many
sources and displays an electronic overview of the battlefield using
secure, high capacity, jam resistant, digital data and voice. The system
is used by the U.S. Navy, U.S. Air Force, U.S. Army, as well as
militaries of other nations. ViaSat is one of two U.S.
government-qualified manufacturers of Link 16 MIDS airborne terminals
and is the only qualified manufacturer of the LVT(2) ground-based
terminal.
About ViaSat
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 to
the U.S. government; and is the primary technology partner for gateway
and customer-premises equipment for consumer and mobile satellite
broadband services. The company has five subsidiaries: US Monolithics,
Efficient Channel Coding, Enerdyne Technologies, Intelligent Compression
Technologies, and JAST. These companies design and produce complementary
products such as monolithic microwave integrated circuits, DVB-S2
satellite communication components, video data link systems, data
acceleration and compression products, and mobile satellite antenna
systems. ViaSat has locations in Carlsbad, CA, and Duluth, GA, along
with its Comsat Laboratories division in Germantown, MD. Additional
field offices are located in Boston, MA, Baltimore, MD, Washington DC,
Australia, China, India, Italy, and Spain.
Forward-Looking Statements
Portions of this release, particularly statements about the performance
and deliveries of ViaSat products and technology, 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. In
addition, please refer to the risk factors contained in ViaSat’s
SEC filings available at www.sec.gov,
including without limitation, ViaSat’s annual
reports on Form 10-K and ViaSat’s 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.
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.
