CARLSBAD, Calif., Aug. 22, 2016 /PRNewswire/ -- Earlier this month, the Space and Naval Warfare Systems Command (SPAWAR), awarded ViaSat Inc. (NASDAQ: VSAT), a global broadband services and technology company, a sole source contract for engineering, technical services and hardware/software products in support of the U.S. Navy's joint Ultra High Frequency (UHF) military satellite communications (satcom) system. This award highlights the U.S. Government's commitment to maintaining the long-term viability of proven UHF systems; ensuring Navy warfighters have ongoing support and access to proven communications technology when in the battlespace.
Under this particular SPAWAR contract, ViaSat will help support the sustainment and modernization of the joint UHF military satcom network integrated control system, UHF satcom channel controllers and user terminals. In addition, ViaSat will provide a path to a modern crypto design for next-generation UHF terminals.
"UHF military satcom has a long history enabling beyond line-of-sight communication across the battlespace, and provides a solid, 'always available' communications solution," said Ken Peterman, senior vice president and general manager, Government Systems Division, ViaSat. "This award reflects the Navy's commitment to using proven UHF radios and channel controllers already deployed worldwide, mitigating risk with non-fielded communications systems in order to ensure continued and enhanced capabilities for the warfighter many years into the future."
ViaSat is a world leader in UHF satellite communications for defense organizations, providing everything from single-user terminals to complete UHF sovereign channel control systems. The Company provides UHF Military satcom terminals, modems, embeddable modules, simulators, RF infrastructure, and over-all network management. The ViaSat terminals are Joint Interoperability Test Command (JITC) and NSA certified to ensure compliance with Legacy Demand Assigned Multiple Access (DAMA) Military Standards and provide interoperability with internationally-fielded UHF satcom terminals. ViaSat enables the transition to Integrated Waveform (IW), the next generation of UHF. IW allows doubling current UHF capacity and enables cell phone-like calling with low latency and enhanced voice quality while retaining legacy interoperability.
According to SPAWAR, the face value of this award is $48,270,580 indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee, firm-fixed-price contract. This contract has a five-year ordering base period up to the contract award amount and an option for another five-year ordering period to be negotiated prior to exercise of the option. No funds will be obligated at the time of award. Funds will be obligated as individual delivery orders are issued. The Space and Naval Warfare Systems Command, San Diego, California, is the contracting activity.
ViaSat, Inc. (NASDAQ: VSAT) keeps the world connected. As a global broadband services and technology company, ViaSat ensures consumers, businesses, governments and military personnel have communications access - anywhere - whether on the ground or in-flight. The Company's innovations in designing highest-capacity satellites and secure ground infrastructure and terminal technologies coupled with its international network of managed Wi-Fi hotspots enable ViaSat to deliver a best available network that extends the reach and accessibility of broadband internet service, globally. For more information visit ViaSat at: www.viasat.com, or follow the Company on social media: Facebook, Twitter, LinkedIn and YouTube.
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 the success and the timeline of opportunities delivered to the U.S. government for UHF military satcom. 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 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.
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SOURCE ViaSat, Inc.