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CARLSBAD, Calif. - Viasat, Inc. (NASDAQ:VSAT), a $3.44 billion market cap communications company whose stock has surged over 200% year-to-date, introduced its HaloNet portfolio on Monday, offering modular capabilities that unify space and terrestrial connectivity services for near-Earth communications. According to InvestingPro data, the company maintains strong liquidity with current assets more than double its short-term obligations.
The new system is designed to provide simultaneous connectivity to thousands of space vehicles across various orbital inclinations at altitudes up to 1100 km in low Earth orbit (LEO), as well as in medium Earth orbit.
HaloNet combines Viasat’s space and ground capabilities to deliver command, control, and data services through multiple components, including Telemetry, Tracking, and Command Data Relay Service, Launch Telemetry, High-Capacity Data Relay, Direct-to-Earth Service, and Mobile Command & Control.
"With today’s space environment becoming increasingly complex, customers need agile, reliable and secure communications infrastructure that can support real-time command and control and data transport needs," said Craig Miller, President of Viasat Government, in the press release.
The system will utilize GEO relay satellites to dynamically deliver data through L-band, Ka-band, or optical links with expected data rates from tens of kilobits per second to more than 10 gigabits per second.
According to the company, HaloNet targets both government and commercial customers, particularly emerging LEO operators requiring reliable communications infrastructure to transport mission data back to Earth while maintaining continuous spacecraft contact.
John Reeves, Vice President of Space and Mission Systems at Viasat Government, described the portfolio as "a one-stop-shop for multi-band, multi-path, secure connectivity and data transport solutions."
The announcement comes after Viasat completed its acquisition of Inmarsat in May 2023, combining the technologies and resources of both companies. Want deeper insights into Viasat’s financial health and growth prospects? InvestingPro subscribers have access to 12 additional exclusive ProTips and comprehensive analysis through the Pro Research Report, helping investors make more informed decisions about this rapidly evolving company.
In other recent news, Viasat reported its first-quarter fiscal year 2026 earnings, with revenue hitting $1.17 billion, surpassing the forecasted $1.13 billion. Despite a net loss, the revenue growth and strategic developments have positively influenced investor sentiment. Following these results, JPMorgan more than doubled its price target for Viasat to $23.00 from $10.00, maintaining a Neutral rating. The firm highlighted Viasat’s ongoing strategic review of its Defense and Aerospace Technologies assets, though it considers a spin-off or separation unlikely in the near term.
Meanwhile, Deutsche Bank downgraded Viasat from Buy to Hold after the company’s stock surged 185% since March. The bank adjusted its price target upward to $28.00 from $18.00, citing a more balanced risk/reward profile. These developments reflect the market’s response to Viasat’s financial performance and strategic considerations.
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