Canadian Department of National Defence Upgrading Airborne ISR with Viasat Mobile Satellite System
Carlsbad, Calif. – February 26, 2015 – The Canadian Department of National Defence is upgrading its Lockheed CP-140 Aurora aircraft with advanced airborne satellite communication systems from Viasat Inc. (NASDAQ:VSAT) in cooperation with L-3 Electronic System Services (ESS), a division of L-3 Aviation Products. The collaboration on this Quick Reaction Capability (QRC) program between the three parties, as well as Canadian aircraft integrator IMP Aerospace, delivered the first system from project start to first flight in less than 90 days. Integration and testing of the remaining fleet is scheduled to follow soon.
The in-flight communication systems enable secure, high-speed data streaming from the aircraft via satellite on the Viasat global network.
"We're able to meet this kind of urgent timeline because of the global reach of our Viasat network and the maturity and reliability of our VR-12 mobile satellite system," said John Hoffman, senior director for Viasat ISR broadband. "We had to make a number of modifications for the Aurora aircraft integration, but to serve this market our team is built for rapid response."
With the new system the Canadian DND gains improved ability to conduct Intelligence, Surveillance, and Reconnaissance (ISR) operations that can support Canadian military requirements worldwide. Over 600 Viasat VR-12 systems are installed and in operation on commercial and government aircraft.
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 about installation of the system on the remaining fleet and secure, high-speed streaming on the Viasat global network. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: the ability to realize the anticipated benefits of the Viasat-2 satellite, unexpected expenses or delays related to the satellite system, the ability to successfully implement Viasat's business plan for broadband satellite services on Viasat's anticipated timeline or at all, including with respect to the Viasat-2 satellite system; risks associated with the construction, launch and operation of satellites used to supply these new services, including the effect of any anomaly, operational failure or degradation in satellite performance; negative audits by the U.S. government; continued turmoil in the global business environment and economic conditions; delays in approving U.S. government budgets and cuts in government defense expenditures; Viasat's reliance on U.S. government contracts, and on a small number of contracts which account for a significant percentage of Viasat's revenues; the ability to successfully develop, introduce and sell new technologies, products and services; reduced demand for products as a result of continued constraints on capital spending by customers; changes in relationships with, or the financial condition of, key customers or suppliers; reliance on a limited number of third parties to manufacture and supply Viasat's products; increased competition and other factors affecting the communications and defense industries generally; the effect of adverse regulatory changes on Viasat's ability to sell products and services; Viasat's level of indebtedness and ability to comply with applicable debt covenants; Viasat's involvement in litigation, including intellectual property claims and litigation to protect proprietary technology; and Viasat's dependence on a limited number of key employees. 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.