Carlsbad, CA - ViaSat, Inc. (Nasdaq: VSAT) announced record sales and earnings for the quarter ended September 30, 2000. Sales for the second quarter of fiscal 2001 were $39.7 million, up 134% from $17.0 million for the comparable quarter last year.

Pro forma net income, which excludes the effects of acquisition charges (goodwill amortization), was $3.0 million or $0.13 per share for the second quarter of fiscal 2001, based on 23.0 million weighted average shares. This is a 67% increase over income of $1.8 million or $ 0.11 per share for the second quarter of fiscal 2000, based on 16.8 million weighted average shares.

Actual net income for the second quarter of fiscal 2001 increased 33% to $2.4 million or $0.11 per share compared to actual net income of $1.8 million or $0.11 per share for the second quarter of the prior year.

Sales increased 124% to $76.4 million for the six months ended September 30, 2000, compared to $34.1 million in sales for the same period last year. Pro forma net income, which excludes the effects of acquisition charges (including amortization of goodwill and a one time charge for in process research and development) for the most recent six months was $6.7 million, or $0.30 per share based on 22.5 million weighted average shares. This is an 86% increase over income of $3.6 million or $0.22 per share for the first six months of last year based on 16.6 million weighted average shares.

Actual net income for the six months ended September 30, 2000 increased 22% to $4.4 million or $0.19 per share and includes a charge for in-process research and development of $2.2 million. Earnings for the current six months are $0.26 per share, when the charge for in- process research and development is excluded. This is compared to net income of $3.6 million or $0.22 per share for the first six months of the prior fiscal year.

At the close of the second quarter the company�s backlog of firm orders was $161 million. The total backlog, including options and IDIQ contracts, was $220 million. Early in our third quarter, ViaSat announced a $51 million dollar contract with Astrolink for broadband Ka-band satellite terminals. Although preliminary work under the contract actually began during our second quarter, the contract was not executed until after the close of the quarter, and is therefore not included in backlog.

�We�re pleased with our second quarter results,� said ViaSat chairman and CEO Mark Dankberg. �We have been winning the programs that we�ve targeted in our defense communications and commercial satellite broadband segments. We believe that these contracts, along with other targets that are still pending, are creating opportunities for sustaining our growth. We�re also pleased that the company�s portfolio of ongoing products, funded new product developments, and emerging high growth areas has been coming together to accomplish both our growth and our earnings objectives.�

Second Quarter Business Highlights
We were awarded a significant subcontract from Synetics, Inc. to begin development of the Security Card component of the Content-Based Information Security (CBIS) Advanced Technology Demonstration (ACTD) program. �CBIS represents the leading edge of secure product development,� said Jerry Goodwin, ViaSat�s Network Systems Director. �This award could be the beginning of a strategic relationship with Synetics and SPAWAR Systems Center San Diego to combine DOD Type 1 security, robust networking features, embedded encryption, and strong authentication mechanisms in easy-to-use products.�

We are very pleased to announce that Volkswagen of America, a key customer of our newly acquired Satellite Networks business, has renewed their service contract with us through January, 2004, at a value of $6.7 million. A customer of the Satellite Networks business since 1991, VW�s network serves over 1,000 sites in the United States and Canada, including Porsche and Audi dealers. Our role is to operate the network of VSATs on a daily basis, supply maintenance personnel to dealer sites as needed, provide backup/disaster recovery, and manage the network from our Atlanta network operations center. Volkswagen uses the network to help dealers track warranty service, order parts, and receive distance learning video, plus a variety of other enterprise applications.

ViaSat retained its ranking among a very select few Star Suppliers to Lockheed Martin. We began work on the LVT-2 (Low Volume Terminal � version 2) of our MIDS (Multi-function Information Distribution System) family of spread spectrum digital radios.

ViaSat, Inc. produces advanced digital satellite telecommunications and wireless signal processing equipment for commercial and government markets. Other products include information security devices, tactical communication radios, and communication simulators. ViaSat is located in Carlsbad, CA, and Norcross, GA, with additional field offices in Boston, MA, the United Kingdom, Australia, Canada, Chile, China, and India.

Safe Harbor Statement
This release, particularly the �Second Quarter Business Highlights� section, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which reflect our current views of future events and financial performance, involve known and unknown risks and uncertainties which could cause actual results or facts to differ materially from these statements for a variety of reasons including, but not limited to: the ability to successfully integrate the operations of recent acquisitions, industry conditions, changes in product supply, pricing, and customer demand, competition, other vagaries in the communication markets, changes in relationships with key suppliers and the other risks described from time to time in our reports to the Securities and Exchange Commission (including our Annual Report on Form 10-K). Investors should take these risks into account when making investment decisions. 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.

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