CARLSBAD, Calif., June 26, 2017 /PRNewswire/ -- ViaSat
Inc. (NASDAQ: VSAT), a global broadband services and
technology company, has been awarded Lot 5 and Lot 5a
contracts totaling $88.3 million from
the U.S. Navy Space and Naval Warfare Systems Command (SPAWAR) to
provide Multifunctional Information Distribution System (MIDS)
Joint Tactical Radio System (JTRS) terminals to the U.S. Navy and
Air Force. MIDS JTRS enhances battlefield communications for joint
and coalition warfighters by providing the ability to communicate
by voice, video and data with a line-of-sight, jam-resistant
capability across ground, air and naval assets.
With the Lot 5 and Lot 5a awards, ViaSat will develop, field,
and support interoperable, affordable and secure MIDS tactical data
link and programmable networking technologies and capabilities for
the joint, coalition and international warfighter. With these
awards ViaSat remains the largest provider of MIDS JTRS terminals
to the United States Military. The Lot 5 and Lot 5a awards mark a
substantial increase in terminal orders and deliveries supporting
both the U.S. Navy and Air Force fourth generation fighters as they
begin a full transition to MIDS JTRS.
"These awards reflect our continuing commitment to provide
outstanding value and timely delivery of Link 16 communications
capability to the warfighter," said Ken
Peterman, president, Government Systems, ViaSat. "The Lot 5
and Lot 5a awards underscore ViaSat's position as the leading
provider of state-of-the-art Link 16 airborne networking systems.
The size of these awards will allow us to establish operational
economies of scale that will further benefit customers in cost
savings."
The MIDS JTRS terminal is a four-channel, software defined radio
that delivers Link 16 communications with concurrent
multi-netting-4 and tactical air navigation, as well as three
channels for future growth.
Work will be performed in Carlsbad,
California, and Tempe,
Arizona, and is expected to be completed by June 2019.
About ViaSat
ViaSat, Inc. (NASDAQ: VSAT) keeps the world connected. As
a global broadband services and technology
company, ViaSat ensures consumers, businesses,
governments and military personnel have communications access -
anywhere - whether on the ground or in-flight. The Company's
innovations in designing highest-capacity satellites and secure
ground infrastructure and terminal technologies coupled with its
international network of managed Wi-Fi hotspots
enable ViaSat to deliver a best available network that
extends the reach and accessibility of broadband internet service,
globally. For more information
visit ViaSat at: www.viasat.com, or follow the
Company on social
media: Facebook, Twitter, LinkedIn and YouTube.
Forward Looking Statement
This press release contains
forward-looking statements that are subject to the safe harbors
created under the Securities Act of 1933 and the Securities
Exchange Act of 1934. Forward looking statements include statements
about the Lot 5 and Lot 5a awards and ViaSat's plans to develop,
field, and support interoperable, affordable and secure MIDS
tactical data link and programmable networking technologies and
capabilities for joint, coalition and international warfighters.
Readers are cautioned that actual results could differ materially
from those expressed in any forward-looking statements. Factors
that could cause actual results to differ include: 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 government sector generally. In addition, please refer to the
risk factors contained in ViaSat's SEC filings
available at www.sec.gov, including ViaSat's most
recent Annual Report on Form 10-K and 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.
Copyright © 2017 ViaSat, Inc. All rights reserved. All other
product or company names mentioned are used for identification
purposes only and may be trademarks of their respective
owners. ViaSat is a registered trademark of ViaSat,
Inc.
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SOURCE ViaSat, Inc.