Viasat Awarded $900M Multi-Vendor Contract by US Air Force
December 29, 2023
☀️Trending News
Viasat ($NASDAQ:VSAT) Inc. has recently been awarded a multi-vendor contract with the U.S. Air Force, valued at $900 million. This contract marks a milestone victory for the company, which is a global provider of satellite communications and network services. The company’s technology provides a wide range of services, from in-flight broadband to secure in-flight communication and high-speed data for the military. Their advanced satellite technology is designed to offer reliable, high-speed connections even in the most remote areas. This contract reflects the trust that the Air Force has placed in Viasat’s ability to provide secure communications connections for military personnel around the world.
Viasat is well-positioned to meet the Air Force’s future needs for high-capacity, high-speed communications. The company’s commitment to innovation and quality ensures that their services will be reliable and cost-effective for years to come. With this new contract, Viasat is poised to become a leader in providing cutting-edge satellite communication solutions to the military.
Stock Price
On Thursday, VIASAT stock opened at $27.5 and closed at $28.2, up by 1.9% from prior closing price of 27.7 due to news that the company had just been awarded a $900 million multi-vendor contract by the US Air Force. This contract is a continuation of the US Air Force’s efforts to modernize their satellite communications capabilities, with VIASAT being chosen for their innovative solutions and expertise. This is a major victory for the company, and will help them to further their mission of creating secure, high-speed internet access for government and commercial customers around the world. Viasat_Awarded_900M_Multi-Vendor_Contract_by_US_Air_Force”>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Viasat. More…
| Total Revenues | Net Income | Net Margin |
| 3.32k | 310.37 | -28.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Viasat. More…
| Operations | Investing | Financing |
| 462.37 | 321.83 | 1.03k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Viasat. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.07k | 11.84k | 41.68 |
Key Ratios Snapshot
Some of the financial key ratios for Viasat are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.6% | 1.8% | -26.7% |
| FCF Margin | ROE | ROA |
| -26.7% | -10.0% | -3.2% |
Analysis
GoodWhale has conducted an analysis of VIASAT’s wellbeing and our star chart shows that VIASAT has an intermediate health score of 5/10. This score is based on its cashflows and debt and indicates that the company may be able to sustain future operations in times of crisis. Based on our analysis, we have classified VIASAT as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Considering this, we believe that investors who are interested in high-growth companies with moderate risk may be interested in investing in VIASAT. However, investors who are looking for a company with strong asset levels, dividend payments, or strong profitability may want to look elsewhere for their investments. Overall, VIASAT is strong in growth, medium in profitability, and weak in assets and dividends. Viasat_Awarded_900M_Multi-Vendor_Contract_by_US_Air_Force”>More…
Peers
It has a portfolio of products and services for both commercial and government markets. The company operates in three segments: Satellite Services, Ground Networks, and Commercial Networks. Viasat Inc was founded in 1986 and is headquartered in Carlsbad, California. Wialan Technologies Inc is a provider of wireless networking solutions. The company offers a range of products and services for both commercial and government markets. Wialan Technologies Inc was founded in 2002 and is headquartered in Carlsbad, California. ADVA Optical Networking SE is a provider of optical and Ethernet-based networking solutions. The company offers a range of products and services for both commercial and government markets. ADVA Optical Networking SE was founded in 1984 and is headquartered in Martinsried, Germany. Cermetek Microelectronics Inc is a provider of microelectronic solutions. The company offers a range of products and services for both commercial and government markets. Cermetek Microelectronics Inc was founded in 1968 and is headquartered in Santa Clara, California.
– Wialan Technologies Inc ($OTCPK:WLAN)
ADVA Optical Networking SE is a German telecommunications company that provides fiber-optic data transmission systems and equipment for data centers, telecommunications service providers, and enterprises. The company has a market cap of 1.07B as of 2022 and a Return on Equity of 4.24%. The company’s products include Ethernet switches, routers, and transponders.
Summary
Viasat Inc., a satellite-based broadband services provider, has recently been awarded a multi-vendor contract worth $900 million. The contract was awarded by the U.S. Air Force and aims to provide satellite broadband services for up to six years. This is a major win for Viasat and could have a positive impact on the company’s stock.
With this contract, Viasat’s revenue could increase substantially and its outlook is expected to remain strong in the months ahead. Investors should keep an eye on the company and take advantage of any upside potential that comes from this new contract.
