Additional $6.6 Million MIDS-LVT Lot 11 Delivery Order for Republic of TurkeyAdditional $6.6 Million MIDS-LVT Lot 11 Delivery Order for Republic of Turkey
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Carlsbad, CA – ViaSat Inc. (Nasdaq:VSAT) has been awarded an additional order valued at more than $6.6 million for Multifunctional Information Distribution System – Low Volume Terminals (MIDS-LVT) from the Space and Naval Warfare Systems Command (SPAWAR), San Diego. These orders augment the $21.5 million Lot 11 delivery order previously announced by ViaSat as part of the MIDS annual Lot procurements. This new Lot 11 add-on is for LVT(1), LVT(4) and LVT(11) terminals for the Republic of Turkey via Foreign Military Sales (FMS) supporting the modernization of naval platforms, C-130s, and Ground Air Defense Systems. These MIDS-LVT units will begin delivery in March of 2011.
MIDS-LVT is part of a tactical radio system (non-satellite) that collects data from many sources and displays an electronic overview of the battlefield using secure, high capacity, jam resistant, digital data and voice. The system is used by the U.S. Navy, U.S. Air Force, and U.S. Army, as well as the military forces of other nations. ViaSat is one of two U.S. government-qualified manufacturers of Link 16 MIDS terminals.
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, among others, statements that refer to expected deliveries. ViaSat wishes to caution you that there are some factors that could cause actual results to 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 telecommunications 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.