Carlsbad, CA - ViaSat, Inc. (NASDAQ: VSAT) today announced record revenues of $128.7 million and new net contract awards of $134.0 million for the quarter ended June 30, 2006. In addition, ViaSat reported net income of $0.26 per share on a diluted non-GAAP basis or $0.20 per share on a diluted GAAP basis.

?We are very pleased with fiscal first quarter financial performance across our key metrics ? new business awards, revenues, earnings, and cash flows,? said Mark Dankberg, chairman and CEO of ViaSat. ?In the aggregate, first quarter events and achievements set the stage for sustained growth driven by several key market areas including MIDS and JTRS, information assurance, and satellite broadband.?

Financial Results
For the first quarter ended June 30, 2006?, the company reported the following financial results:

¹ViaSat uses a 52- or 53-week fiscal year which ends on the Friday closest to March 31. ViaSat's quarters for fiscal year 2007 end on June 30, 2006, September 29, 2006, December 29, 2006 and March 30, 2007.

² All non-GAAP numbers have been adjusted to exclude the effects of acquisition charges (amortization of intangible assets) and the non-GAAP numbers for the first quarter of fiscal year 2007 also exclude the effects of compensation expense from vesting of certain employee stock options related to adoption of FAS123(R). A reconciliation of specific adjustments to GAAP results for these periods is included in the "Non-GAAP Condensed Consolidated Statement of Operations" table contained in this release. A description of our use of non-GAAP information is provided under "Use of Non-GAAP (Pro Forma) Financial Information".

Government Segment
The Government Segment had record quarterly revenues of $64.6 million, a 20.8% increase over the first quarter of fiscal year 2006. The revenue growth was primarily related to increases in tactical data link and inline network encryption product sales.

Commercial Segment
Revenues from our Commercial Segment were $64.1 million for the first quarter, which was a 34.8% increase from the first quarter of fiscal year 2006. The revenue growth was primarily from higher sales of consumer broadband products.

Select First Quarter 2007 Business Highlights

Safe Harbor Statement

Portions of this release, particularly ViaSat?s financial prospects for fiscal year 2007 and beyond and the ?Selected First Quarter 2007 Business Highlights? section, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. ViaSat wishes to caution you that there are some factors that could cause actual results to differ materially from historical results or from any results expressed or implied by such forward-looking statements, including but not limited to: product design flaws or defects; ViaSat?s ability to successfully integrate acquired companies; ViaSat?s ability to perform under existing contracts and obtain additional contracts; ViaSat?s ability to develop new products that gain market acceptance; changes in product supply, pricing and customer demand; changes in relationships with, or the financial condition of, key customers or suppliers; changes in government regulations; changes in economic conditions globally and in the communications markets in particular; increased competition; potential product liability, infringement and other claims; and other factors affecting the communications industry generally. ViaSat refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Factors That May Affect Future Performance in ViaSat?s Form 10-Ks and subsequent Form 10-Qs. These documents 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.

Conference Call

ViaSat Inc. will host a conference call to discuss these fiscal year 2007 first quarter results at 5:00 P.M. Eastern Time on Thursday, August 3, 2006. The dial-in number is (866) 770-7120 and (617) 213-8065 internationally. The passcode is 52697720. A replay will be available for 24 hours beginning at 7:00 P.M. August 3 at (888) 286-8010. The passcode is 68575317. You can also access our conference call webcast and other material financial information discussed on our conference call (including any information required by Regulation G) on the Investor Relations Events Calendar page of our corporate web site (www.viasat.com). The call will be archived and available on that site for at least twelve months immediately following the conference call.

About ViaSat

ViaSat produces innovative satellite and other wireless communication products that enable fast, secure, and efficient communications to any location. Products include network security devices, tactical data radios, and communication simulators. ViaSat also has a full line of VSAT products for data and voice applications, and is a market leader in Ka-band satellite systems, from user terminals to gateways. ViaSat has locations in Carlsbad, CA, and Duluth, GA, along with its Comsat Laboratories division in Germantown, MD. Additional field offices are located in Boston, MA, Linthicum, MD, Washington DC, Australia, Italy, China, and India. In addition the company has three wholly-owned subsidiaries:

• US Monolithics designs and produces monolithic microwave integrated circuits (MMICs) and modules for use in broadband communications.
• Efficient Channel Coding, an innovator in satellite communication components and systems, based on the new DVB-S2 standard.
• Enerdyne Technologies Inc., an innovator in video data link equipment and digital video systems for defense and intelligence markets, primarily for unmanned aerial vehicles.

Use of Pro Forma Financial Information

Pro forma net income (loss) excludes the effects of acquisition charges (amortization of intangible assets). Pro forma net income is provided to enhance the overall understanding of our current financial performance and our prospects for the future. Specifically, we believe the pro forma results provide useful information to both management and investors by excluding specific expenses that we believe are not indicative of our core operating results. In addition, since we have historically reported pro forma results to the investment community, we believe the inclusion of pro forma numbers provides consistency in our financial reporting. Further, these adjusted pro forma results are one of the primary indicators management uses for planning and forecasting in future periods. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with generally accepted accounting principles. See the ?Pro Forma Condensed Consolidated Statement of Operations? table for a reconciliation of net income (loss) to pro forma net income (loss).

Find a PDF of our Q1 FY07 financial tableson viasat.com.

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.
DOCSIS is a registered trademark of Cable Television Laboratories Inc.

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