Mar 18, 2011
ViaSat Receives Over $71 Million in Follow-on Delivery Orders for BFT-2
CARLSBAD, Calif., March 18, 2011 /PRNewswire/ -- ViaSat Inc. (Nasdaq: VSAT) has received delivery orders from PM Force XXI Battle Command Brigade and Below totaling $71.1 million under its Blue Force Tracking 2 (BFT-2) IDIQ contract. These contracts include terrestrial internet connectivity, 24/7 support for network operations, and additional production vehicular transceivers. The next generation BFT-2 systems are designed to enable much faster situational awareness updates and higher transmission speeds.
"These orders will enable ViaSat to accelerate ground vehicular transceiver production and support Army installation and field testing of the BFT-2 system this year," said Phil Berry, vice president of ViaSat Command and Control Situational Awareness (C2SA).
The ViaSat BFT-2 network securely transports command and control messages, and situational awareness updates at higher data rates than the BFT-1 network. The next generation BFT-2 network is also expected to improve situational awareness latency from minutes to just seconds.
The new BFT-2 system is derived from ViaSat mobile satellite communication technology, which enables fast, efficient network access using very small antennas. These systems provide communications-on-the-move (COTM) service to both military and commercial customers.
ViaSat produces innovative satellite and other digital communication products that enable fast, secure, and efficient communications to virtually 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 and products to the U.S. and allied governments; is the primary technology partner for gateway and customer-premises equipment for consumer and mobile satellite broadband services; and owns WildBlue, the premier Ka-band satellite broadband service provider. ViaSat also offers design capabilities and a number of complementary products including monolithic microwave integrated circuits and modules, DVB-S2 satellite communication components, video data link systems, data acceleration and compression, and mobile satellite antenna systems. Based in Carlsbad, Calif., ViaSat has established a number of worldwide locations for customer service, network operations, and technology development.
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 that refer to faster situational awareness updates, higher transmission speeds, and government plans to accelerate production and testing in 2011. 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 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.
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