CARLSBAD, Calif., July 31, 2017 /PRNewswire/ -- The United States Defense Information Systems Agency (DISA) extended its contract with ViaSat Inc. (NASDAQ: VSAT), a global broadband services and technology company, to continue to provide senior leaders and their support staff with in-flight broadband and connectivity services on senior leader aircraft.
As outlined in the original DISA contract, there are two options for extension, and the first was executed on June 1, 2017. The contract extension is part of a non-competitive firm-fixed price contract, which focuses on ViaSat providing high-quality broadband and connectivity services, via its global Ku- and Ka-band communications satellite network, to senior leader and VIP aircraft when in-flight.
"Our DISA award extension validates the maturity and performance of our certified, field-proven, hybrid Ku-/Ka-band networked satellite system," said Ken Peterman, president, Government Systems, ViaSat. "We have continued to successfully pass critical testing milestones and meet key deliverables, as stated in our agreement with DISA, which led to this extension. We anticipate DISA will execute the next option based on our ability to meet in-flight connectivity and exceed cybersecurity expectations."
The ViaSat satellite system uses advanced hybrid terminal technology to enable automatic and rapid in-flight network switching across Ku- and Ka-band satellite networks for optimized global roaming connectivity – which is unique to ViaSat's solution, and not offered by any other service provider today.
The ViaSat in-flight internet service has been recognized industry-wide for delivering high-quality, reliable and fast in-flight internet service. As noted by ViaSat, the service enables "an Office in the Sky" experience - with the ability to use the in-flight broadband connection to stream full-motion high-definition video for en-route Command and Control (C2) missions; maintain two-way communications through HD video conference calling or voice over internet protocol calls; access real-time intelligence and other location-based, live-sensor data for critical decision-making and more.
Award Details The face value of this contract extension is $19,277,009 funded by fiscal 2017 operations and maintenance funding. The total cumulative face value of the contract is $73,217,722. Performance will be primarily at ViaSat's networks operation center and government care centers. The Defense Information Technology Contracting Organization, Scott Air Force Base, Illinois, is the contracting activity (HC1013-16-C-0008).
About ViaSat 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.
Forward-Looking Statements 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 in-flight broadband support for its complete range of senior leader and VIP aircraft. 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.