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CARLSBAD, Calif. - Viasat, Inc. (NASDAQ: VSAT), a renowned satellite communications company with a market capitalization of $1.24 billion and impressive revenue growth of 36% over the last twelve months, has been awarded a $3.5 million Task Order to provide satellite communications services to the U.S. government. According to InvestingPro data, the company’s stock is currently trading at $9.62, with analysts seeing potential upside ahead. This contract falls under the Proliferated Low Earth Orbit (PLEO) Satellite-Based Services (SBS) Indefinite Delivery, Indefinite Quantity (IDIQ) contract, initially awarded to multiple vendors in 2023 by the U.S. Defense Information Systems Agency (DISA) for the U.S Space Force and Space Systems Command (SSC) Commercial Satellite Communications Office (CSCO).
The Task Order, which is the first for Viasat under the IDIQ contract now valued at $13 billion, will see the company offering Ku-band Low Earth Orbit (LEO) services through a partner network. These services are aimed at supporting U.S. government operations across various global locations. Viasat will also provide network management support, which includes real-time data through an online management tool and 24/7 technical support to ensure continuous service.
Viasat’s approach integrates space relay services with geostationary (GEO) and non-geostationary orbit (NGSO) satellites, providing a resilient communication architecture for defense and national security missions. This strategy aligns with the Department of Defense’s plan to enhance satellite communications resilience by diversifying the orbits used for satellite communications, remote sensing, and other capabilities.
Senior Vice President of Government Services and Solutions at Viasat, Victor Farah, expressed the company’s commitment to delivering multi-orbit SATCOM solutions that meet the demands of modern military operations. Farah highlighted the importance of providing the government with a resilient, low-latency global LEO service that can adapt to the needs of combatant commands, DoD organizations, and international coalition partners.
Viasat’s history of delivering integrated SATCOM solutions across multiple bands and orbits positions the company as a key player in addressing the unique requirements of government customers. The company’s acquisition of Inmarsat in May 2023 has further expanded its capabilities, merging the expertise and technologies of both entities to form a new leader in global communications. InvestingPro analysis reveals that while Viasat operates with a significant debt burden of $9.26 billion, it maintains a healthy current ratio of 1.44. Get access to over 10 additional ProTips and comprehensive financial metrics with InvestingPro’s detailed research reports.
This latest Task Order award underscores Viasat’s role in supporting the U.S. government’s increasing reliance on space-based capabilities provided by commercial operators for critical missions. The information about this contract is based on a press release statement. Trading at a modest Price/Book ratio of 0.25, Viasat’s stock appears undervalued according to InvestingPro Fair Value metrics, with analysts predicting profitability this year despite recent challenges. Discover detailed valuation analysis and growth prospects in InvestingPro’s comprehensive research report, available for over 1,400 US stocks.
In other recent news, Viasat Inc. has been making significant strides in the space sector. The company has been selected for a NASA contract potentially worth $4.8 billion, aimed at enhancing direct-to-Earth communication capabilities for space missions. Viasat also completed the sale of its Energy Services System Integration business to MAG Capital Partners (WA:CPAP), a strategic move to improve its financial position. Cantor Fitzgerald initiated coverage on Viasat, giving it a Neutral stance, while acknowledging its impressive revenue growth of 36.25%.
The company also announced a restructuring of its senior executive team, with Craig Miller appointed as Senior Vice President, Strategic Initiatives, and Girish Chandran expanding his role to include the duties of President of Global Space Networks. In terms of financial performance, Viasat reported improved Q2 2025 results, showing a significant reduction in net loss to $138 million, despite a slight decrease in revenue.
These recent developments are part of Viasat’s ongoing efforts to enhance its financial position, expand its services, and navigate market challenges. The company is also optimistic about future growth in the aviation and government sectors, as confirmed by CEO Mark Dankberg. These are the latest updates in the ongoing evolution of Viasat Inc.
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