Viasat (VSAT) Upgrades NATO's UHF SATCOM Control Station
Zacks Investment Research | Aug 29, 2019 08:53AM ET
Viasat, Inc. (NASDAQ:VSAT) recently announced that it has successfully upgraded the North Atlantic Treaty Organization’s (NATO) Ultra High Frequency (UHF) satellite communications (SATCOM) control stations. The enhancement complies with the new Integrated Waveform (IW) baseline.
By working closely to understand NATO’s most urgent needs, Viasat has delivered a cost-effective, scalable and interoperable technology that is required to support emerging mission demands and help NATO warfighters maintain communications at the tactical edge.
Using the company’s Visual Integrated Satellite communications Information, Operation and Networking (VISION) software platform, NATO now gets greater communications interoperability, scalability and flexibility across legacy and next-generation platforms. This, in turn, is expected to significantly improve warfighters’ situational awareness and operational insights in the battlespace.
Interestingly, Viasat’s VISION platform is the first commercially-available software package to simultaneously support all 25-kHz legacy Demand-Assigned Multiple-Access (DAMA) and next-generation IW networks and services. The platform has facilitated faster communication, better reliability, improved functionality and enhanced bandwidth for NATO.
By leveraging the Viasat VISION software, NATO network operators can have more control over communication stations from a single terminal, which simplifies operations and increases the readiness of warfighters. Moreover, this NATO upgrade was completed ahead of government schedules and under budget, underscoring the value of Viasat’s agile business models and deep customer knowledge.
In the last earnings report, the company’s revenues from Government Systems segment increased 37.3% year over year to $261.2 million on the back of very strong performances across the segment's product lines. The segment’s operating profit was $45.9 million, up 84.3% year over year. Adjusted EBITDA was $64.9 million, up 49.2% year over year on account of higher revenues and lower R&D expenses.
Courtesy of compelling growth outlook for products and services with robust new contracts and delivery order agreements, shares of Viasat have rallied 31.7% compared with the Zacks Investment Research
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