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ViaSat Inc
Nasdaq:VSAT

ViaSat produces innovative satellite and other wireless communication products that enable fast, secure, and efficient communications to any location. ViaSat has a full line of VSAT products for data and voice applications. ViaSat is a market leader in Ka-band satellite systems, from user terminals to large gateways. Other products include network security devices, tactical data radios, and communication simulators. ViaSat has locations in Carlsbad, CA, and Norcross, GA, along with its Comsat Laboratories division based in Clarksburg, MD. Additional field offices are located in Boston, MA, Washington DC/Baltimore, Australia, China, India, and Italy

http://www.viasat.com



Feb 9, 2017
ViaSat Announces Third Quarter Fiscal Year 2017 Results

- Fiscal 2017 year-to-date results marked multiple new records including: record contract awards of $1.3 billion, revenues of $1.1 billion and Adjusted EBITDA of $257.3 million
- Net income for fiscal 2017 third quarter year-to-date results were essentially flat year-over-year, despite the $34.2 million year-over-year increase in research and development (R&D) investments
- Fiscal third quarter of 2017 revenue up 9%, driven by increased bandwidth demand for residential broadband, commercial in-flight internet and government mobility services
- Satellite Services segment reached record revenue level for the sixth consecutive quarter at $160.1 million, with a 60% increase in operating profit and Adjusted EBITDA margins of 48%
- Government Systems segment continued to achieve double digit revenue growth
- 555 commercial aircraft currently in service with an install backlog of more than 750 aircraft from domestic and international airlines
- ViaSat-2 satellite construction is complete and the satellite is ready to ship. Launch scheduled for April 25, 2017 from the Guiana Space Centre in French Guiana
- ViaSat and Eutelsat to close previously announced European broadband joint venture

CARLSBAD, Calif., Feb. 9, 2017 /PRNewswire/ -- ViaSat Inc. (NASDAQ: VSAT), a global broadband services and technology company, today announced financial results for the fiscal third quarter ended December 31, 2016.

"Our year-to-date financial performance approaching the April launch of ViaSat-2 is at record levels," said Mark Dankberg, ViaSat chairman and CEO. "Revenues are up 9% compared to last year on a year-to-date basis. Year-to-date contract awards and Adjusted EBITDA are also at record levels. We've achieved record Adjusted EBITDA even with R&D investments year-to-date that are $34 million higher than last year primarily due to our in-house construction of the ViaSat-3 payloads and our commercial mobility solutions portfolio. Those investments enhance our competitive position, help protect our unique intellectual property and are expected to be offset by corresponding capital cost savings on the ViaSat-3 program. Our financial performance is under-pinned by strong backlog and continued momentum in core government business lines and ubiquitous demand for higher speeds and volumes of broadband connectivity in residential, in-flight, and government markets - as well as a growing array of attractive vertical and geographic markets enabled by ViaSat-2 and the ViaSat-3 constellation. Executing on our previously announced partnering arrangement with Eutelsat represents definitive progress in immediately expanding our geographic reach to consumer and mobile markets with the strongest partner in Europe."

ViaSat Acquires Arconics for Added Aircraft Operations Capabilities

- ViaSat Gains Connected Aircraft Software, Wireless In-flight Entertainment, Mobile Applications and Airline Document Management Expertise

- Arconics Brings A Complementary Set of Existing Commercial Airline Customers, Including Qatar Airways, Cathay Pacific, Ryanair, Aer Lingus, Among Others

CARLSBAD, Calif., and DUBLIN, Nov. 14, 2016 /PRNewswire/ -- ViaSat Inc. (NASDAQ: VSAT), a global broadband services and technology company, today announced it acquired Arconics, an innovative provider of software solutions to the aviation industry. Through this acquisition ViaSat gains broader expertise, aviation-grade software and mobile applications to make flying safer and more efficient for pilots, cabin crews and flight operations teams as well as applications that make entertaining passengers and opening new service and revenue opportunities for airlines possible.

The Arconics connected aircraft software platform enables the Arconics App Suite, which spans wireless In-flight Entertainment (IFE), Electronic Flight Bag (EFB), Airline Document Management and Cabin Management solutions, to communicate and share data with the aircraft and, using available connectivity, to connect with ground systems across mobile or avionics platforms. Today, tens of thousands of pilots, ground staff and cabin crew members across five continents depend on Arconics software to safely and efficiently operate their fleets. Airline customers include: Qatar Airways, Cathay Pacific, Ryanair, Aer Lingus, Philippine Airlines, Tigerair Australia, SpiceJet and others.

"By acquiring Arconics, we are bolstering our ability to serve the global aviation market," said
Don Buchman, vice president and general manager, Commercial Mobility business, ViaSat. "We believe combining our strengths with Arconics will position ViaSat to be the market leader for connectivity, passenger services and flight deck applications and operations."

Prior to the acquisition, Arconics had a partnership with ViaSat, primarily focused on serving the wireless IFE needs of multiple airline customers. Post-acquisition, ViaSat expects to also offer airlines real-time insight, control and agility of aircraft and flight data with highly-integrated, highly-customizable aircraft operations tools that tap into the power of ViaSat's advanced high capacity Ka-band satellite network, which has more capacity in orbit than any other in-flight WiFi provider.

"ViaSat offers Arconics a strategic match - both culturally and technologically," said Arconics Chief Executive Officer
Niall O'Sullivan. "We know ViaSat well, having partnered with them on a number of opportunities to deliver our world-class CloudStore wireless IFE product. Together, we believe the complementary nature of the technologies and products of Arconics and ViaSat will enhance the combined company's ability to deliver exceptional end-to-end experiences across the entire aircraft value-chain."

In connection with the acquisition, ViaSat establishes a presence in Dublin, Ireland, and will continue to build its operations in Sydney, Australia. More than 30 Arconics team members with both technical and business expertise will join ViaSat, including
Niall O'Sullivan. IBI Corporate Finance advised Arconics on the transaction. The transaction is not expected to materially affect ViaSat non-GAAP (pro forma) earnings for fiscal year 2017. However, ViaSat has not completed its valuation analysis and, accordingly, has not determined the impact to GAAP earnings.

About Arconics
Arconics, registered as Aerodocs Limited in Ireland, offers enterprise software and mobile applications for aircraft operators. The Company's mission is to help operators reduce costs, improve efficiency and ensure compliance with regulatory obligations. The Company is headquartered in Dublin, Ireland.

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: target="_blank" rel="nofollow">www.viasat.com, or follow ViaSat on Facebook, Twitter, LinkedIn or YouTube.

Forward-Looking Statements
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 among others, statements that refer to the benefits of and realization of synergies from the Arconics acquisition, including expected resulting enhancements to ViaSat's systems and services; integration activities; the anticipated value of the combined business to customers and partners; the expected performance of Arconics technologies; expected impact of the acquisition on ViaSat's results of operations and financial condition; anticipated growth and trends in the business or key markets of ViaSat, Arconics and the combined company; and plans, objectives and strategies for future operations.  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: the ability of ViaSat to successfully integrate Arconics operations, technologies and employees; the ability to realize anticipated benefits and synergies of the acquisition, including the expectation of enhancements to ViaSat's products and services, greater revenue opportunities, operating efficiencies, and cost savings; the ability to ensure continued performance and market growth of Arconics' business; changes in the global business environment and economic conditions; the availability and cost of credit; the ability to successfully develop, introduce, and sell new products and enhancements; changes in relationships with key customers, suppliers, distributors, resellers, and others as a result of the acquisition; and other factors affecting the communications and commercial aviation industries, 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 © 2016 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.

SOURCE ViaSat, Inc.

U.S. Army Awards NuWaves Engineering 2016 SBIR Phase I Contract for Development of Tactical Aircraft Transponder Simulation System

NuWaves Partners with ViaSat to Accurately Simulate the RF Signal Environment

Middletown, Ohio, September 21, 2016 – NuWaves Engineering, a veteran-owned small business providing advanced radio frequency (RF) and microwave solutions, today announced a Small Business Innovation Research (SBIR) Phase I contract with the U.S. Army’s Redstone Test Center (RTC) to research and develop a Mode 5 Identification Friend or Foe (IFF) simulation and RF injection system.

NuWaves has partnered with ViaSat, Inc. (NASDAQ: VSAT), a global broadband services and technology company that is a market leader in RF signal environment generation, for the SBIR research and development project. The team will leverage ViaSat’s VRG-1000 IFF Environment Generator product to develop a solution that allows for the injection of up to 1,000 simulated tactical aircraft into a passive Mode 5 receiver in order to enhance the capability of the U.S. Army’s Joint Scalable Tactical Emulated Network (JSTEN). The six-month Phase I project will involve research and development activities, including the preliminary design of a new linear RF power amplifier. A four-month Phase I Option and 24-month Phase II phase, both to be funded per the U.S. Army’s discretion, would allow for an operational prototype system to be fully designed, developed, built, tested, demonstrated and delivered to the U.S. Army.

“NuWaves looks forward to working with ViaSat to help improve and enhance the U.S. Army’s ability to accurately simulate a critical mass of tactical aircraft,” said Jeff Wells, president and CEO of NuWaves Engineering. “Our team is poised to deliver a high-performance, high-value IFF simulation and stimulation solution in support of the warfighter.”

“The world’s RF signal environment continues to get more complex, putting more pressure on the ability of today’s communication systems to perform in the midst of extreme signal depth and diversity,” said Ken Peterman, senior vice president and general manager, Government Systems Division, ViaSat. “In working with NuWaves, we can further advance the Mark XIIA IFF testing capabilities of the VRG-1000, and provide a dense, realistic IFF environment that will reduce the cost of flight testing.”

ViaSat’s Radio Frequency Generator, VRG-1000, includes an industry-leading 50 independent IFF interrogator and 25 independent transponder platforms. The portable test set brings high-density signal testing on-location to your installed or in-development IFF system, to replicate crowded airspace and reduce flight test time by evaluating a system in a lab.

About NuWaves Engineering
NuWaves Engineering is a premier supplier of RF and Microwave solutions for Department of Defense (DoD), government and industrial customers. An RF engineering powerhouse, NuWaves offers a broad range of design and engineering services related to the development and sustainment of key communications, telemetry and electronic warfare systems, as well as a complete line of commercially available RF products. NuWaves’ products include wideband frequency converters, high-efficiency and miniature solid-state power amplifiers and bidirectional amplifiers, high intercept low noise amplifiers and miniature RF filters. NuWaves Engineering…Trusted RF Solutions™.

Forward-Looking Statements
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 testing capabilities of the VRG-1000, research and development of a RF power amplifier, delivery of a prototype and reduction of cost. 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 and defense sectors 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 © 2016 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.

NuWaves Engineering Contact:
Ryan Canning, Director of Business Development, Engineering Services, at (513) 360-0800, or visit www.nuwaves.com for more information.

ViaSat, Inc. Contacts:
Investor Relations, Heather Ferrante, +1 760-476-2242, heather.ferrante@viasat.com
Public Relations, Chris Fallon, +1 760-476-2322, chris.fallon@viasat.com

 
 
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