ViaSat Awarded Additional $10 Million Lot 10 MIDS-LVT Delivery Order
CARLSBAD, Calif., Sep 24, 2009 (BUSINESS WIRE) -- ViaSat Inc. (Nasdaq:VSAT) has been awarded two additional orders valued at more than $10 million for Multifunctional Information Distribution System (MIDS) terminals and spare components from the Space and Naval Warfare Systems Command (SPAWAR), San Diego. These orders augment the $21 million Lot 10 delivery order previously announced by ViaSat as part of the MIDS annual Lot procurements. These new Lot 10 add-ons are for LVT(1), LVT(2), LVT(4) and LVT(11) Low Volume Terminals along with Shop Replaceable Units (SRUs) to be used as spares. The MIDS-LVT units for this add-on will support various government platforms and programs including the Battlefield Airborne Communications Node (BACN) program, the Pocket J program, the F/A-18, and P-3 aircraft.
MIDS-LVT is part of a tactical radio system (non-satellite) 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 the military forces of other nations. ViaSat is one of two U.S. government-qualified manufacturers of Link 16 MIDS airborne terminals and is the only fully qualified manufacturer of the LVT(2) and LVT(11) ground-based terminals.
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, and support for various government platforms and programs, 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.
SOURCE: ViaSat Inc.
Joe LoBello / Scott Cianciulli
Copyright Business Wire 2009