Viasat Wins Contract From U.S. Special Operations Command
Zacks Investment Research | Jan 15, 2018 09:32PM ET
Recently, ViaSat Inc. (NASDAQ:VSAT) won an indefinite-delivery indefinite-quantity (IDIQ) contract to deliver advanced equipment, systems, services and support to Special Operations Forces. Under the contract, which comes with an initial ceiling of $350 million, ViaSat will modernize ground/air situational awareness; terrestrial networking; tactical data links; intelligence, surveillance, and reconnaissance; tactical satellite communications; information assurance; network management and cybersecurity.
This award includes a range of capabilities that Viasat has assessed, tested and validated. The latest capabilities will help improve situational awareness, circumvent fratricide and improve operational mission effects.
Viasat is committed toward applying its advanced commercial technologies to develop and deploy new and advanced military operational capabilities in support of Special Operations Command's most critical missions.
ViaSat’s Government Systems business has been outstanding in recent times and is gradually gaining even greater momentum. The segment’s growth is being driven by an expanding service base and strong momentum in tactical data-link products, government mobility platforms, and secure networking products.
During the fiscal second quarter, the Government Systems performed exceptionally well (growing 6.7% year over year), driven by an expanding service base and robust momentum in tactical data-link products, government mobility platforms and secure networking products. Also, the segment reported striking revenue growth of 15%, fiscal year to date, compared with the previous year’s comparable period. Splendid growth in revenues drove strong year-to-date Adjusted EBITDA (up 30% year over year).
Investors seem to be optimistic on the company as of now, as its shares have appreciated 17.7% over the past six months, ahead of the Zacks Investment Research
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