The only real-source award extends Viasat’s earlier SOCOM help contract
CARLSBAD, Calif., Dec. 29, 2022 /PRNewswire/ — Viasat Inc. (NASDAQ: VSAT), a world communications firm, in the present day introduced it was awarded an indefinite supply, indefinite amount (IDIQ) contract award price as much as $325 million over a five-year interval to help the U.S. Particular Operations Command (SOCOM). This sole-source IDIQ is an extension of a $350 million IDIQ contract awarded to Viasat in 2017.
Beneath the contract award, Viasat will proceed to supply superior mission tools, companies and help to maintain and enhance situational consciousness, integration, terrestrial networking, intelligence, surveillance and reconnaissance (ISR), tactical satellite tv for pc communications, info assurance and community administration capabilities of Particular Operations Forces.
“This contract award reaffirms Viasat’s deep dedication and partnership with the SOCOM neighborhood to know and deal with the aptitude wants of forces for essentially the most complicated missions,” mentioned Craig Miller, president of Viasat Authorities Programs. “Networking and communications wants throughout the fashionable battlespace are frequently evolving and we’re excited to assist SOCOM keep the benefit with options that ship the efficiency, flexibility and resilience Particular Operations Forces require to efficiently function independently and interoperate successfully with joint forces.”
The IDIQ contract automobile is deliberately versatile to permit for the evolution and adaption required to shift with speedy know-how developments and the dynamic mission necessities of SOCOM forces. This construction is essential to enabling new ideas of operation (CONOPS) and attaining desired mission results via quickly deployed applied sciences, programs and companies.
About Viasat
Viasat is a world communications firm that believes everybody and all the pieces on the planet may be linked. For greater than 35 years, Viasat has helped form how shoppers, companies, governments and militaries around the globe talk. Right now, the Firm is growing the final word world communications community to energy high-quality, safe, inexpensive, quick connections to influence individuals’s lives wherever they’re—on the bottom, within the air or at sea. To study extra about Viasat, go to: www.viasat.com, go to Viasat’s Company Weblog, or observe the Firm on social media at: Fb, Instagram, LinkedIn, Twitter or YouTube.
Ahead-Wanting Statements
This press launch incorporates forward-looking statements which are topic to the protected harbors created below the Securities Act of 1933 and the Securities Change Act of 1934. Ahead-looking statements embrace statements about the precise quantity ordered below the IDIQ, the services and products to be delivered by Viasat, and the ensuing advantages to SOCOM. Readers are cautioned that precise outcomes might differ materially and adversely from these expressed in any forward-looking statements. Elements that might trigger precise outcomes to vary embrace: development, launch and operation of satellites, together with the impact of any anomaly, operational failure or degradation in satellite tv for pc efficiency; contractual issues, product defects, manufacturing points or delays, regulatory points, applied sciences not being developed in response to anticipated schedules, or that don’t carry out in response to expectations; delays in approving U.S. authorities budgets and cuts in authorities protection expenditures; and elevated competitors and different components affecting the federal government and protection sectors typically. As well as, please seek advice from the chance components contained in Viasat’s SEC filings accessible at www.sec.gov, together with Viasat’s most up-to-date Annual Report on Kind 10-Okay and Quarterly Experiences on Kind 10-Q. Readers are cautioned to not place undue reliance on any forward-looking statements, which communicate solely as of the date on which they’re made. Viasat undertakes no obligation to replace or revise any forward-looking statements for any cause.
Copyright © 2022 Viasat, Inc. All rights reserved. Viasat, the Viasat emblem and the Viasat sign are registered emblems of Viasat, Inc. All different product or firm names talked about are used for identification functions solely and could also be emblems of their respective house owners.
SOURCE Viasat, Inc.
