CARLSBAD, Calif., Feb. 4, 2013 /PRNewswire/ -- The Space and Naval Warfare Systems Command (SPAWAR), on behalf of the Multifunctional Information Distribution System (MIDS) Program Office (MPO) (JPEOJTRS10), has awarded a $34 million dollar firm fixed price contract to ViaSat Inc. (Nasdaq: VSAT) for the design, development, and production of a cryptographic module (LCM) for the MIDS Low Volume Terminal (MIDS-LVT) Block Upgrade 2.
The contract encompasses the development, prototype delivery, testing, and integration of a cryptographic module that is designed to be integrated into a variety of MIDS-LVT hardware variants. The award also calls for production of approximately 10,000 LCMs for retrofit of all MIDS-LVT hardware in service at the conclusion of the development.
"This award demonstrates the flexibility of our PSIAM cryptographic technology, which is based entirely on commercial off the shelf (COTS) components. That makes it easy and very cost effective to reconfigure for new applications," said Richard Quintana, director of Information Assurance Technology for ViaSat Secure Network Systems.
MIDS-LVT terminals provide secure, high capacity, jam resistant, digital data and voice communications for Navy, Marines Corps, Army, and foreign tactical aircraft, and also for shipboard and ground-based air control personnel.
About ViaSat (www.viasat.com)
ViaSat delivers fast, secure communications, Internet, and network access to virtually any location for consumers, governments, enterprise, and the military. The company offers fixed and mobile satellite network services including Exede® by ViaSat, which features ViaSat-1, the world's highest capacity satellite; service to more than 1,750 mobile platforms, including Yonder® Ku-band mobile service; satellite broadband networking systems; and network-centric military communication systems and cybersecurity products for the U.S. and allied governments. ViaSat also offers communication system design and a number of complementary products and technologies. Based in Carlsbad, California, ViaSat employs over 2,400 people in a number of locations worldwide for customer service, network operations, and technology development.
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward looking statements include statements about ease and cost-effectiveness of reconfiguring the terminals for new applications. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: contractual problems, product defects, manufacturing issues or delays, regulatory issues, technologies not being developed according to anticipated schedules, or that do not perform according to expectations; and increased competition and other factors affecting the defense industry generally. In addition, please refer to the risk factors contained in ViaSat's SEC filings available at www.sec.gov, including ViaSat's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. ViaSat undertakes no obligation to update or revise any forward-looking statements for any reason.
SOURCE ViaSat Inc.