VIASAT INC

Viasat, Inc. announced it was awarded a prime contract by the U.S. Space Force's Space Systems Command (SSC) for the Protected Tactical SATCOM-Global (PTS-G) program. This multi-year development award, part of a $4B IDIQ ceiling, involves building, launching, and operating the first of a proliferated fleet of small, maneuverable geosynchronous Earth orbit (GEO) satellites. Viasat will deliver a dual-band X/Ka-band mini-GEO satellite, ground stations, and five years of operations and sustainment services, leveraging technology from its ViaSat-3 fleet.

Viasat Inc. announced its selection by Lockheed Martin to provide high-bandwidth satellite communications technology for the National Oceanic and Atmospheric Administration's (NOAA) next-generation C-130J Hercules "Hurricane Hunter" aircraft program. Viasat's government SATCOM team will support the delivery of two specially modified C-130J aircraft, with prime contract options for additional units, designed to collect critical environmental data. This program represents the first formal line-fit integration of Viasat's Hybrid SATCOM Approach (HSA) technology on the C-130J platform, enhancing resilient airborne connectivity for NOAA's mission.

Viasat, Inc. reported record financial results for fiscal year 2026, with revenue reaching $4.6 billion and Adjusted EBITDA at $1.6 billion. The company significantly improved its net loss to $34 million for the full year and achieved a net income of $59 million in Q4 FY2026, a turnaround from a $246 million loss in the prior year quarter. Despite a slight 1% YoY decrease in Q4 Adjusted EBITDA to $370 million, Viasat generated $177 million in free cash flow for FY2026 and ended the year with a record backlog of $4.1 billion. The company also made significant progress on its ViaSat-3 satellite deployments and anticipates mid-single-digit revenue growth for fiscal year 2027.

Viasat, Inc. announced the publication of its fourth quarter and fiscal year 2026 financial results. A letter to shareholders and accompanying webcast slides are now available on the company's Investor Relations website. Management will host a conference call today, May 28, 2026, to discuss these results, with access details provided for dial-in and live webcast.

Viasat announced that its SwiftBroadband-Safety (SB-S) service has reached 1,000 aircraft in service, highlighting strong adoption and momentum in satellite-enabled safety communications for aviation. The service, introduced in 2018, has seen an average annual growth rate of 42% and is targeted to be on over 1,200 aircraft by the end of 2026. SB-S supports critical flight safety, operational efficiency, and regulatory compliance, contributing to benefits like reduced fuel consumption and emissions.

Viasat, Inc. announced it will release its fourth quarter and fiscal year 2026 financial results on Thursday, May 28, 2026, after market close. The results will be provided in a letter to shareholders posted on the company's Investor Relations website. Viasat will also host a conference call and webcast on the same day at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time to discuss the results.

Viasat, Inc. announced the appointment of Shekar Ayyar and Jinhy Yoon as independent directors to its Board, effective May 6, 2026. These appointments expand the Board to 10 members, with 8 being independent. The company also entered into a Cooperation Agreement with Carronade Capital Management, LP, which holds approximately 3.8% of Viasat's shares. Both new directors will serve on the Strategic Review Committee, a move supported by Carronade Capital to unlock shareholder value.

Viasat Inc. announced the launch of its Tactical Mission Fabric (TMF), an edge-to-cloud networking overlay designed to enhance existing military tactical networks. TMF provides resilient, multi-path connectivity and distributed cloud compute, enabling faster data-to-decision capabilities for warfighters in contested environments. This solution targets the multi-billion-dollar market for AI and analytics defense capabilities, aligning with increased investment in AI-enabled military systems.

Viasat announced that its next-generation electronically steered antenna (ESA) terminal, Viasat AERA, has entered Boeing's technical evaluation process. This assessment aims to qualify the AERA system across all current Boeing commercial airplane programs, with the goal of becoming a selectable linefit option after certification. The Viasat AERA terminal, part of the Viasat AMARA solution, is designed to deliver enhanced passenger connectivity through simultaneous multi-orbit flexibility and reduced operational complexity for airlines, with a planned market entry in early 2028.