Jun 11, 2008
ViaSat Wins $52 Million Lot 9 MIDS Delivery Order
CARLSBAD, Calif., Jun 11, 2008 (BUSINESS WIRE) -- ViaSat Inc. (NASDAQ: VSAT) has won a delivery order valued at approximately $52 million for Multifunctional Information Distribution System terminals from The Space and Naval Warfare Systems Command (SPAWAR), San Diego. By gathering information into a digital view of the battlefield, MIDS provides greater situational awareness in combat for the U.S. Navy, Air Force, Army, Marine Corps, and for U.S. defense partners. The secure, high capacity, jam resistant wireless (non-satellite) system connects users with both digital data and voice communications. Delivery of Lot 9 units is expected to begin in May of next year and continue through the first quarter of ViaSat's fiscal year 2011.
The Lot 9 order includes LVT(1) airborne and LVT(2) ground-based Low Volume Terminals under the Indefinite Delivery/Indefinite Quantity contract awarded in January 2000. The new award includes LVT(1) terminal variants and spares for E-2D, F/A-18, E/A-18G, EA-6B, and F-16 aircraft, and the MH-60R/S and CH-53K helicopters. The Lot 9 order also includes MIDS LVT(2) terminal variants and spares for various U.S. Army, Air Force and Marine Corps applications, as well as MIDS LVT(1) variant terminals for Portuguese and Turkish F-16 aircraft.
"This award underscores our position as a leader in supplying Link 16 equipment to the U.S. Government and reasserts our lead in ground systems, the fastest growing segment of the MIDS market," said Jay Kaufman, MIDS LVT program director at ViaSat. "We attribute that success to our team's focus on the continuous improvement of our service, engineering, and production, resulting in an outstanding record of customer satisfaction."
ViaSat produces innovative satellite and other digital 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 has five subsidiaries: US Monolithics, Efficient Channel Coding, Enerdyne Technologies, Intelligent Compression Technologies, and JAST. These companies design and produce complementary products such as monolithic microwave integrated circuits, DVB-S2 satellite communication components, video data link systems, data acceleration and compression products, and mobile satellite antenna 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.
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. In addition, please refer to the risk factors contained in ViaSat's SEC filings available at www.sec.gov, including without limitation, ViaSat's annual reports on Form 10-K and ViaSat's 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.
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. All additional products are trademarks of their respective owners.
SOURCE: ViaSat Inc.
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