Dec 11, 2013
ViaSat Awarded MIDS-LVT Block Upgrade 2 Development Order
CARLSBAD, Calif., Dec. 11, 2013 /PRNewswire/ -- The U.S. government has awarded ViaSat Inc. (Nasdaq:VSAT) a development contract for Block Upgrade 2 (BU2) hardware and software upgrades to its Multifunctional Information Distribution System-Low Volume Terminals (MIDS-LVT) Link-16 terminals, valued at $33,469,487 with options of $5,713,160. The order resulted from a solicitation from Space and Naval Warfare Systems Command (SPAWAR). The order adds new functionality to the MIDS-LVT system fleet worldwide.
"This order reflects the government commitment to maintaining the long-term viability of the MIDS-LVT radios deployed worldwide, ensuring continued Link-16 data link capability for the warfighter many years into the future," said Dr. Jay Kaufman, general manager, ViaSat Tactical Data Links.
MIDS-LVT forms the backbone of the Link-16 network across the U.S. DoD and the international coalition. Core terminal functions include Link-16 data as well as secure voice with TACAN capabilities on selected terminals.
About ViaSat (www.viasat.com)
ViaSat creates satellite and other wireless networking systems that efficiently deliver the most bandwidth for fast, secure, and high-quality communications to any location for consumers, governments, enterprises, and the military. The company offers fixed and mobile satellite network services including Exede® by ViaSat, which features ViaSat-1, the world's highest capacity satellite; service to more than 2,300 mobile platforms, including Yonder® Ku-band mobile service; satellite broadband networking systems; and network-centric military communication systems and cybersecurity products for the U.S. and allied governments. ViaSat also offers communication system design and a number of complementary products and technologies. Based in Carlsbad, California, ViaSat employs over 2,900 people in a number of locations worldwide for technology development, customer service, and network operations.
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 ensuring Link-16 data link capability for many years into the future. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: negative audits by the U.S. government; continued turmoil in the global business environment and economic conditions; delays in approving U.S. government budgets and cuts in government defense expenditures; ViaSat's reliance on U.S. government contracts, and on a small number of contracts which account for a significant percentage of ViaSat's revenues; changes in relationships with, or the financial condition of, key customers or suppliers; reliance on a limited number of third parties to manufacture and supply ViaSat's products; increased competition and other factors affecting the communications and defense industries generally; the effect of adverse regulatory changes on ViaSat's ability to sell products and services; and ViaSat's dependence on a limited number of key employees. 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.
Exede and Yonder are registered trademarks of ViaSat Inc.
SOURCE ViaSat Inc.
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