$27.6 Million MIDS-LVT Lot 12 Delivery Order
Carlsbad, Calif. – Viasat Inc. (Nasdaq:VSAT) has received a delivery order valued at approximately $27.6 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 system connects users with both digital data and digital voice communications. Deliveries of the Lot 12 MIDS-LVT units are scheduled to begin in July 2012 and continue through March 2013.
The MIDS-LVT Lot 12 order includes LVT(1) airborne and LVT(2) ground-based terminals under a five year Indefinite Delivery/Indefinite Quantity (IDIQ) contract awarded in 2010. This new award includes LVT(1) terminal variants for F/A-18, EA-18G, E-2D, P-3, EP-3E aircraft and MH-60R/S helicopters, along with terminals for the BACN program and U.S. Air Force applications. The MIDS-LVT Lot 12 order also includes LVT(2) terminal variants for various U.S. Army, U.S. Air Force, U.S. Navy, and U.S. Marine Corps applications, as well as terminals for Japan and spares for Australia under the Foreign Military Sales (FMS) program.
MIDS-LVT is part of a tactical radio system (non-satellite) that collects data from many sources and displays an electronic overview of the battlefield. The system is used by the U.S. Navy, U.S. Air Force, and U.S. Army, as well as the military forces of other nations. Viasat is one of two U.S. government-qualified manufacturers of Link 16 MIDS terminals.
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 delivery dates. 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. Viasat undertakes no obligation to update or revise any forward-looking statements for any reason.