Gulfstream Chooses Viasat as Sole Source Ku-Band In-Flight Connectivity Supplier for Large Cabin Business Jets
GENEVA – (EBACE2015 – Booth #C035) – May 19, 2015 – Viasat Inc. (NASDAQ: VSAT) has been selected by Gulfstream Aerospace Corporation as the sole source Ku-band equipment supplier to outfit Gulfstream's large cabin business jets with Viasat Yonder® high-speed in-flight internet service. The Viasat equipment is available on Gulfstream large cabin aircraft (G450, G550, G650) and new aircraft (G500, G600), either as a factory option or as an aftermarket install.
The new agreement builds on a previous third-party relationship, where Viasat has provided global Ku-band in-flight connectivity hardware to Gulfstream and hundreds of its customers for nearly 10 years. With today's announcement, Viasat will now directly provide the Mobile Terminal 1500, which includes a Ku-band antenna, modem and antenna control unit, to enable the Yonder service on an extended line of Gulfstream large cabin aircraft. Service remains available through Viasat service providers.
"Gulfstream is recognized as providing an exceptional in-flight passenger experience, which includes ensuring best-in-class internet service provided by Viasat," said Ken Peterman, senior vice president and general manager, Viasat. "We have the ability today to offer the fastest business jet in-cabin internet service with Yonder, and the foresight to meet tomorrow's bandwidth demand with our Exede In The Air service to ensure Gulfstream business jet passengers can stay connected no matter where they fly."
Viasat Yonder business aviation service delivers an unmatched internet experience through its global Ku-band network, plus a path toward an enhanced online in-flight experience with its Exede® In The Air service. Already available to commercial passengers, the Exede In The Air service leverages Viasat leadership in high-capacity Ka-band satellite technology and will ensure business aviation passengers receive a 'best available network' service when roaming across Viasat's Ka- and Ku-band satellite network.
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 about the success of the products and services delivered to Gulfstream, and Viasat's Yonder and Exede In The Air services for business aviation. 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: 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 general aviation 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.