Viasat Lands New Contract With US Air Force For Advanced Technology Integration

ViaSat, Inc. -2.10% Pre

ViaSat, Inc.

VSAT

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15.35

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Viasat, Inc. (NASDAQ:VSAT) has been selected to work with the U.S. Air Force's Life Cycle Management Center to transition and integrate new innovative technologies and capabilities as part of a $900 million ceiling, Indefinite Delivery/Indefinite Quantity (IDIQ) contract.

Viasat aims to transition and incorporate groundbreaking technologies and capabilities into the Air Force's operations.

As part of the LCMC XA IDIQ multi-award contract, Viasat is tasked with prototyping and testing various systems, hardware, software, and cybersecurity solutions. These innovations are designed to enhance integrated, multi-domain capabilities within the USAF.

The contract spans approximately five years, with the option to extend for an additional five years.

Under this contract, Viasat has been chosen for three primary categories: 'Development Planning,' 'Systems Development,' and 'Synthetic Environment Development.' 

This contract marks a significant milestone for Viasat, particularly following its acquisition of Inmarsat in May 2023. The acquisition greatly expanded Viasat's capabilities, and it is now managing a fleet of 18 satellites with an additional 10 in development.

Price Action: VSAT shares are trading higher by 1.01% at $28.01 on Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was Reviewed And Published By Benzinga Editors.

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