$21 Million Lot 10 MIDS LVT Delivery Order
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Carlsbad, CA – ViaSat Inc. (Nasdaq:VSAT) has won a delivery order valued at approximately $21 million for Multifunctional Information Distribution System (MIDS) terminals from The Space and Naval Warfare Systems Command (SPAWAR), San Diego. MIDS provides greater situational awareness in combat for U.S. Navy, Air Force, Army, Marine Corps, and for U.S. defense partners by gathering information into a digital view of the battlefield. The secure, high capacity, jam resistant wireless (non-satellite) system connects users with both digital data and digital voice communications. Delivery of Lot 10 units is expected to begin in July of next year and continue through the end of 2010.
The Lot 10 order includes LVT(1) airborne and LVT(2) ground-based Low Volume Terminals under the Indefinite Delivery/Indefinite Quantity contract awarded in January 2000. The new award includes LVT(1) terminal variants for F/A-18+, E/A-18G aircraft and MH-60R/S and CH-53K helicopters. The Lot 10 order also includes MIDS LVT(2) terminal variants for various U.S. Army and Air Force applications, as well terminals for Canada and Germany.
“This award exemplifies our continuing high value proposition in both the domestic and international MIDS markets” said Jay Kaufman, MIDS LVT program director at ViaSat. “With outstanding engineering and production teams – and the help of our trusted vendors – we’ve focused on responsiveness in fulfilling the needs of the MIDS community.
Portions of this release, particularly statements about the deliveries and performance of the ViaSat MIDS terminals, may contain forward-looking statements regarding future events and are subject to risks and uncertainties. ViaSat wishes to caution you that there are some 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 telecommunications industry generally. The Company refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in the Company's Form 10-K, which contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements.