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ViaSat Receives Award With $5.75 Million Ceiling (IDIQ) for Technical Services and Equipment From SPAWAR Atlantic
Jul 09, 2010 (11:07 AM EDT)
Includes data link and satcom systems
CARLSBAD, Calif., July 9 /PRNewswire-FirstCall/ -- ViaSat (Nasdaq: VSAT) has been awarded a $5.75 million Indefinite-Delivery/Indefinite-Quantity (IDIQ), firm-fixed-price contract for tactical data link and satellite communications equipment and engineering support services from the Space and Naval Warfare Systems Center Atlantic, Charleston, S.C. The contract combines purchases for the U.S. Navy (75 percent), and the government of the Republic of Turkey (25 percent) under the Foreign Military Sales program. The contract has an initial ceiling of $5.75 million through June 30, 2011, and all work will be funded and authorized by separate delivery orders.
This award includes contract options that, if exercised, would bring the cumulative ceiling of this contract to an estimated $29,999,500. If all options are exercised, work could continue until June 2015.
ViaSat produces innovative satellite and other digital communication products that enable fast, secure, and efficient communications to virtually any location. The company provides networking products and managed network services for enterprise IP applications; is a key supplier of network-centric military communications and encryption technologies and products to the U.S. government; is the primary technology partner for gateway and customer-premises equipment for consumer and mobile satellite broadband services; and owns WildBlue, the premier Ka-band satellite broadband service provider. ViaSat also offers design capabilities and a number of complementary products including monolithic microwave integrated circuits and modules, DVB-S2 satellite communication components, video data link systems, data acceleration and compression, and mobile satellite antenna systems. ViaSat is based in Carlsbad, CA, has major locations in Duluth, GA, Germantown, MD (Comsat Laboratories), and Greenwood Village, CO (WildBlue), along with additional field offices and service centers worldwide.
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, including references to future contract options. ViaSat wishes to caution you that there are factors that could cause actual results to differ materially, including but not limited to: 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.
Comsat Labs and Comsat Laboratories are tradenames of ViaSat, Inc. Neither Comsat Labs nor Comsat Laboratories is affiliated with COMSAT Corporation. "Comsat" is a registered trademark of COMSAT Corporation. All additional products are trademarks of their respective owners.