New I-Level MIDS Depot with Raytheon Canada Limited
Carlsbad, Calif. – March 13, 2014 – Viasat Inc. (NASDAQ: VSAT) and Raytheon Canada Limited, a wholly owned subsidiary of Raytheon Company (NYSE: RTN), are working together to establish a repair and maintenance facility for Link 16 MIDS military communication terminals in Canada. With a growing need for repair and overhaul of the terminals, this new facility, located at Raytheon Canada Limited in Calgary, will provide an in-country resource to perform the work more quickly and at a reduced cost to the customer.
Raytheon Canada Limited Services and Support Division will provide engineering support, materials, services, facilities, data, and management required for the integration, test, and delivery of the product during an interim in-country phase of the program. The repair and maintenance facility will continue to grow to an I-Level facility as MIDS-LVT, Small Tactical Terminals (STT), and JTRS radios become increasingly deployed.
“The new facility improves the ability of the Canadian DND to keep data link assets in operation with shortened repair and upgrade time,” said Jay Kaufman, GM of Viasat Tactical Data Links.
The Link 16 terminals provide greater situational awareness in combat for the Canadian Armed Forces by gathering information into a digital view of the battlefield. The secure, high capacity, jam resistant wireless (non-satellite) system connects users on different platforms with both digital data and digital voice communications.
About Raytheon Canada Limited
Raytheon Canada Limited is a Canadian leader in high technology solutions, engineering services, surveillance and navigation systems including air traffic control radars, highway traffic management systems, maritime surveillance radars and systems, and precision optics. Headquartered in Ottawa, Raytheon Canada Limited has been in Canada since the 1950s with employees at locations in Alberta, Ontario, and Nova Scotia. The company is a wholly-owned subsidiary of Raytheon Company, headquartered in Waltham, Mass., with 2013 sales of $24 billion and 63,000 employees worldwide. For more about Raytheon, visit us at www.raytheon.com and follow the company on Twitter @Raytheon.
Safe Harbor Statement
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 repair and maintenance services, turnaround times and costs. 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: 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; 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; 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.