$71 Million in Follow-on Delivery Orders for BFT-2
Carlsbad, Calif. – March 18, 2011 – 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.
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.