Viasat, Inc. Company Summary

Overview

Viasat, Inc. is a global provider of advanced communications technologies and services, focused on making connectivity accessible, available, and secure worldwide. The company leverages its own satellite fleet, partnerships with national operators, and coverage from third-party satellites to deliver high-capacity, flexible broadband and narrowband services across various sectors.

Business Segments

1. Communication Services

• Provides broadband and narrowband communication solutions for:
  • Aviation: Industry-leading in-flight connectivity (IFC) services for commercial aircraft, business jets, and unmanned aircraft.
  • Government: Secure, high-speed, real-time broadband and multimedia services, tactical line-of-sight, beyond-line-of-sight communications, ISR services, and LACE terminals.
  • Maritime: Resilient satellite-based broadband and narrowband services for shipping fleets, offshore vessels, and fishing companies; includes NexusWave managed multi-layer connectivity for merchant shipping.
  • Fixed Services & Others: High-speed internet for residential, enterprise, IoT, energy, and community internet services in underserved regions.
• Satellite fleet includes:
  • 23 in-service satellites covering GEO, MEO, and LEO orbits
  • 13 Ka-band GEO satellites
  • 8 upcoming GEO satellites under development (including ViaSat-3 F2, F3, GX7, GX8, GX9, and Inmarsat-8 series)
  • Satellites support global coverage, including oceanic and polar regions
• Customers:
  • Approximately 189,000 fixed broadband subscribers in the U.S.
  • About 4,120 IFC-equipped commercial aircraft and 2,000 business jets
  • Marine: Approximately 14,000 vessels using Ka-band services

2. Defense and Advanced Technologies

• Develops and offers solutions for military and government customers:
  • Cybersecurity & Information Assurance: High-speed encryption, cybersecurity products, and services, including the MOJO tactical gateways.
  • Space & Mission Systems: Satellite communication system architecture, ground terminals, antennas, and both GEO and small satellite platforms (LEO, MEO).
  • Tactical Networking: Resilient communication systems for multi-domain military operations, including products by TrellisWare.
  • Commercial & Emerging Technologies: Development of new satellite payloads, sovereign multi-orbit solutions, and intellectual property licensing.
• Major customers include the U.S. Department of Defense, U.S. Homeland Security, and other federal and international military agencies.
• Total new award value from FY2018 to FY2025 increased from approximately $0.6 billion to $1.6 billion.

Key Metrics

• Employees: approximately 7,000 worldwide (as of March 31, 2025)
• Annual Revenue:
  • Fiscal Year ended March 31, 2025: Not explicitly specified, but noted that U.S. government contracts contributed approximately 18% of total revenue.
  • The revenue from the U.S. Government in FY2025 was significant, with no other customer accounting for 10% or more.
• Market Capitalization: Approximately $1.09 billion as of September 30, 2024, based on share closing prices.
• Shares Outstanding: 130,319,585 as of May 9, 2025

Strategic Focus

• Continuous innovation in satellite and space technologies (e.g., ViaSat-3, GX series)
• Expanding into new markets and geographies, including international growth
• Diversification across commercial, military, and government sectors
• Maintaining a vertically integrated platform of satellites, ground systems, and user terminals
• Building long-term customer relationships with a broad, diversified customer base (including the U.S. Government, aerospace primes, foreign governments, commercial airlines, and maritime operators)

Summary

Viasat operates a comprehensive satellite-based communication network to serve a wide array of sectors including aviation, maritime, government, military, enterprise, and residential markets. It maintains a large, technologically advanced satellite fleet, a significant employee base, and has achieved notable revenue from government contracts. Its goal is to lead in technological advancements and expand its global reach through innovative satellite systems and secure communications solutions.