Feb 13, 2007
ViaSat Receives $12 Million MIDS Tactical Network Terminal Order for Taiwan
CARLSBAD, Calif.--(BUSINESS WIRE)--Feb. 13, 2007--ViaSat Inc. (Nasdaq:VSAT) has been awarded an order valued at more than $12 million for Multifunctional Information Distribution System (MIDS) terminals for the government of Taiwan. This award is for more than 70 LVT(1) configuration terminals plus spares under the Foreign Military Sales (FMS) Program through the Space and Naval Warfare Systems Command (SPAWAR). The order will be for the Taiwan Ministry of National Defense.
ViaSat also received a $3.1 million add-on award to the Lot 7 delivery order from the Space and Naval Warfare Systems Command (SPAWAR), San Diego. This add-on is for MIDS LVT(1), LVT(2) and LVT(7) configuration terminals for U.S. Navy and U.S. Air Force applications. The Lot 7 delivery order was initially announced on July 6, 2006 and has had multiple add-ons bringing the total value of Lot 7 to nearly $90 million.
"The order from Taiwan is very strategic for us," said Paul Baca vice president of Tactical Data Links at ViaSat. "Taiwan has a large fleet of aircraft and we see this initial win as an excellent entry point for future business in Taiwan. We are also very happy with our MIDS terminal market share growth over the past year. These orders bring the value of our terminal awards since June of last year to more than $100 million."
MIDS LVT is part of a tactical radio system 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 on US Navy, US Air Force, US Army platforms and military platforms of other nations. ViaSat is one of two U.S. government-qualified manufacturers of Link-16 MIDS airborne terminals and is the only qualified manufacturer of the LVT(2) ground-based terminal.
About ViaSat (www.viasat.com)
ViaSat produces innovative satellite and other communication products that enable fast, secure, and efficient communications to any location. The Company provides networking products and managed network services for enterprise IP applications; is a key supplier of network-centric military communications and encryption technologies to the U.S. government; and is the primary technology partner for gateway and customer-premises equipment for consumer and mobile satellite broadband services. The company's three wholly owned subsidiaries, US Monolithics, Efficient Channel Coding Inc., and Enerdyne Technologies Inc., design and produce complimentary products such as monolithic microwave integrated circuits, DVB-S2 satellite communication components, and video data link systems. 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, Baltimore, MD, Washington DC, Australia, China, India, Italy, and Spain.
Safe Harbor Statement
Portions of this release, particularly statements about the performance and deliveries of ViaSat products and technology, may contain forward-looking statements regarding future events and are subject to risks and uncertainties. ViaSat wishes to caution you that there are some factors that could cause actual results to differ materially, including but not limited to: 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. The Company refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in the Company's Form 10-K, which 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.
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.
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SOURCE: ViaSat Inc.