$21.5 Million MIDS-LVT Lot 11 Delivery Order
Carlsbad, CA – Viasat (NASDAQ: VSAT) has received a delivery order valued at approximately $21.5 million for Multifunctional Information Distribution System – Low Volume Terminals (MIDS-LVT) from the Space and Naval Warfare Systems Command (SPAWAR), MIDS Program Office (MPO) in San Diego, California. MIDS-LVT terminals provide greater situational awareness in combat for U.S. Navy, Air Force, Army, Marine Corps, and for U.S. defense partners by gathering information into a digital view of the battlefield. The secure, high capacity, jam resistant wireless (non-satellite) system connects users with both digital data and digital voice communications. Delivery of the Lot 11 MIDS-LVT units is expected to begin in March of next year and continue through February of 2012.
The MIDS-LVT Lot 11 order includes LVT(1) airborne and LVT(2) ground-based terminals under a new five year Indefinite Delivery/Indefinite Quantity (IDIQ) contract. This new award includes LVT(1) terminal variants for F/A-18, P-3, E-2D aircraft and MH-60R/S helicopters, along with terminals for the BACN program and other U.S. Navy applications. The MIDS-LVT Lot 11 order also includes LVT(2) terminal variants for various U.S. Army, U.S. Air Force and Joint Forces applications as well as terminals for Germany, Australia, and Korea.
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 expected deliveries. Viasat wishes to caution you that there are some factors that could cause actual results to 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 telecommunications 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. The company undertakes no obligation to update or revise any forward-looking statements for any reason.