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CHANDLER, Ariz. - VIAVI Solutions Inc. (NASDAQ:VIAV) has been awarded a contract from the U.S. Department of Transportation (DOT) through its Complementary Positioning, Navigation, and Timing (CPNT) Action Plan Rapid Phase II, according to a press release statement. The company, which has seen its stock surge 70% over the past year and nearly 79% over the last six months, continues to build momentum with this government contract. According to InvestingPro data, VIAV is currently trading above its Fair Value estimate.
The company will integrate and test its SecureTime altGNSS GEO-L service and SecurePNT 6200 resilient timing solution at two labs: the VIAVI Automated Lab-as-a-Service for Open RAN (VALOR) and the Open RAN Center for Integration and Deployment (ORCID). Both labs are funded by the National Telecommunications and Information Administration's Public Wireless Supply Chain Innovation Fund.
The DOT initiative aims to test systems that can augment or replace GPS/GNSS, providing timing services to critical infrastructure including data centers, financial systems, power grids and cellular networks.
VIAVI's solutions are designed to switch to GPS-independent satellite-based time service and precision holdover clock during jamming or spoofing incidents, without service interruption to critical infrastructure systems.
The technology will also undergo testing at an upcoming government field test event featuring live-sky jamming and spoofing of GPS/GNSS signals.
"Integration and testing at the VALOR and ORCID labs demonstrate the technology's readiness in an operational critical infrastructure environment," said Doug Russell, Senior Vice President and General Manager, Aerospace and Defense at VIAVI.
The DOT program comes as incidents of GPS/GNSS signal interference have reportedly increased in recent years, highlighting the need for resilient positioning, navigation, and timing systems that can function in degraded or disrupted environments.
Data collected from the lab and field trials will be used to support broader adoption of complementary PNT services for protecting national critical infrastructure.InvestingPro analysis reveals that VIAVI has 14 additional ProTips available to subscribers, including insights on expected net income growth and analyst sentiment. Seven analysts have recently revised their earnings expectations upward for the upcoming period. Investors seeking comprehensive analysis of VIAVI and 1,400+ other US stocks can access detailed Pro Research Reports that transform complex financial data into actionable intelligence for smarter investment decisions.
In other recent news, Viavi Solutions has reported strong fiscal first-quarter results, with revenue reaching $299 million, marking a 25.6% increase year-over-year. This figure exceeded both management guidance and consensus estimates of $294 million. The company's earnings per share for the quarter were $0.15, surpassing the expected $0.13. The Network and Service Enablement segment contributed significantly, generating $216 million in revenue, driven by data center ecosystem demand. Additionally, Viavi's non-GAAP operating margin improved to 15.7%, up 570 basis points from the previous year. In analyst updates, B.Riley upgraded Viavi Solutions to a Buy rating, citing growth in artificial intelligence and data centers, and raised the price target to $18.00. Stifel also increased its price target for Viavi Solutions to $18.00, maintaining a Buy rating due to the company's strong performance. Furthermore, Viavi has partnered with Calnex Solutions to offer integrated Open RAN testing solutions, aiming to simplify pre-certification validation for equipment manufacturers.
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