CARLSBAD, Calif., June 10, 2020 /PRNewswire/ -- Viasat Inc. (Nasdaq: VSAT), a global communications company, and Honeywell announced today a strategic partnership adding Viasat's VR-12T shipset to Honeywell's Maintenance Service Plan (MSP). The new partnership will further enhance Viasat's IFC offering by giving Viasat Ku-Advanced customers the option to add their Ku system to their MSP contract, thus delivering peace of mind regarding future costs to repair Ku components.
Today, Viasat offers Ku-Advanced service packages with speeds up to 10 Mbps, rollover of unused data allowances, regional and hourly service plans and the ability to stream audio and video content. The service is available over the world's most heavily traveled routes – even over water. Available during all phases of flight, Viasat's network of high-speed, cost-effective satellites delivers quality internet to passengers and crew.
Honeywell's MSP is a well-established maintenance protection plan that offers full coverage options for avionics across a wide range of platforms and operations. The flexible plan will remove financial uncertainty by helping aircraft owners avoid unplanned maintenance costs and downtime.
Claudio D'Amico, business area director, Business Aviation, Viasat commented, "Working with Honeywell's MSP allows us to further enhance our proven business aviation offering by delivering peace of mind to many of our Ku-Advanced customers. Clients using our enhanced onboard connectivity, recognized for high-quality, reliability and performance, will have the flexibility to further protect their IFC investment through a comprehensive service."
Viasat is a global communications company that believes everyone and everything in the world can be connected. For more than 30 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are—on the ground, in the air or at sea. To learn more about Viasat, visit: www.viasat.com, go to Viasat's Corporate Blog, or follow the Company on social media at: Facebook, Instagram, LinkedIn, Twitter or 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, among others, statements that refer to the strategic partnership between Viasat and Honeywell; and the availability and benefits of the MSP to Viasat customers. Readers are cautioned that actual results could differ materially and adversely 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, changes in relationships with, or the financial condition of, key suppliers, and technologies that do not perform according to expectations. 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.