CARLSBAD, Calif., June 26, 2017 /PRNewswire/ -- ViaSat Inc. (NASDAQ: VSAT), a global broadband services and technology company, has been awarded Lot 5 and Lot 5a contracts totaling $88.3 million from the U.S. Navy Space and Naval Warfare Systems Command (SPAWAR) to provide Multifunctional Information Distribution System (MIDS) Joint Tactical Radio System (JTRS) terminals to the U.S. Navy and Air Force. MIDS JTRS enhances battlefield communications for joint and coalition warfighters by providing the ability to communicate by voice, video and data with a line-of-sight, jam-resistant capability across ground, air and naval assets.
With the Lot 5 and Lot 5a awards, ViaSat will develop, field, and support interoperable, affordable and secure MIDS tactical data link and programmable networking technologies and capabilities for the joint, coalition and international warfighter. With these awards ViaSat remains the largest provider of MIDS JTRS terminals to the United States Military. The Lot 5 and Lot 5a awards mark a substantial increase in terminal orders and deliveries supporting both the U.S. Navy and Air Force fourth generation fighters as they begin a full transition to MIDS JTRS.
"These awards reflect our continuing commitment to provide outstanding value and timely delivery of Link 16 communications capability to the warfighter," said Ken Peterman, president, Government Systems, ViaSat. "The Lot 5 and Lot 5a awards underscore ViaSat's position as the leading provider of state-of-the-art Link 16 airborne networking systems. The size of these awards will allow us to establish operational economies of scale that will further benefit customers in cost savings."
The MIDS JTRS terminal is a four-channel, software defined radio that delivers Link 16 communications with concurrent multi-netting-4 and tactical air navigation, as well as three channels for future growth.
Work will be performed in Carlsbad, California, and Tempe, Arizona, and is expected to be completed by June 2019.
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 Statement
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 Lot 5 and Lot 5a awards and ViaSat's plans to develop, field, and support interoperable, affordable and secure MIDS tactical data link and programmable networking technologies and capabilities for joint, coalition and international warfighters. 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 government sector 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.
Copyright © 2017 ViaSat, Inc. All rights reserved. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners. ViaSat is a registered trademark of ViaSat, Inc.
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