Nov 12, 2012
ViaSat Awarded MIDS-LVT Lot 13 Production Orders
CARLSBAD, Calif., Nov. 12, 2012 /PRNewswire/ -- ViaSat Inc. (Nasdaq:VSAT) was awarded Lot 13 orders valued at $33.9 million for Multifunctional Information Distribution System-Low Volume Terminals (MIDS-LVT) for the U.S. Government and Turkey. The orders resulted from a competitive procurement through the Space and Naval Warfare Systems Command (SPAWAR) and were awarded under the MIDS Indefinite Delivery/Indefinite Quantity contract initially executed in March 2010. The MIDS LVT terminals are for U.S. Government E/A-18G, P-3, EP-3E, P-8A, MH-60R, E-2D, B-1, and ground terminal applications (63%), and FMS sales to Turkey (37%).
"These awards reflect the government's recognition of our commitment to maximizing Link-16 availability for the warfighter by delivering ahead of schedule and rapidly turning around any returns," said Dr. Jay Kaufman, general manager of 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 not only Link-16 data, but secure voice, and TACAN capabilities on selected terminals.
About ViaSat (www.viasat.com)
ViaSat delivers fast, secure communications, Internet, and network access to virtually any location for consumers, governments, enterprise, 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 1,750 mobile platforms, including Yonder® Ku-band mobile Internet; satellite broadband networking systems; and network-centric military communication systems and cyber security 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 has established a number of locations worldwide for customer service, network operations, and technology development.
Safe Harbor Statement
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 statements about delivering products ahead of schedule and returned product turn-around. 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: 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 defense 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.
SOURCE ViaSat Inc.
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