Viasat Offers Highest-Speed Connectivity Package for Bombardier Global Aircraft—Made Available Exclusively Through StandardAero
CARLSBAD, Calif., October 10, 2018 – Viasat Inc. (Nasdaq: VSAT), a global communications company, today announced an exclusive distributor agreement with StandardAero to offer a high-speed connectivity package for Bombardier Global business jets. The package will cover Viasat’s Ka-band and dual-band Ka-/Ku-band equipment, inclusive of the Viasat shipset, radome and STC, for all Bombardier Global Express, Global Express XRS, Global 5000 and Global 6000 aircraft.
Through this agreement, operators and other maintenance, repair and overhaul (MRO) shops of Bombardier Global aircraft can work directly with StandardAero to install Viasat’s in-flight connectivity system on the select named Bombardier models.
“Owners and operators of Bombardier Global aircraft no longer have to wait to install the industry’s fastest, most robust in-flight connectivity system for their business jets—they can install Viasat’s advanced business jet connectivity system today,” said Jerry Goodwin, vice president, Global Network Services, Viasat. “Our in-flight connectivity service is proven to support more passengers and more devices simultaneously through all phases of flight, when performing bandwidth-intensive applications, including accessing virtual private networks, or streaming high-definition video calls, cloud content or live TV entertainment. And with our dual-band solution, operators will have access to more global coverage, redundancy and still have Viasat’s highest-speed Ka-band solution.”
StandardAero will offer Viasat’s most advanced business aviation dual-band, Ku-band and Ka-band shipsets, including the Global Aero Terminal 5510, which will tap into the ViaSat-1, ViaSat-2 and European Ka-band satellite platforms, and will be forward-compatible with Viasat's future-generation satellite constellation, ViaSat-3—enabling use of the ViaSat-3 capacity with no additional hardware upgrades. ViaSat-3 is an ultra-high capacity satellite platform, which will be comprised of three ViaSat-3 class satellites offering global coverage. Each ViaSat-3 satellite is expected to deliver one terabit per second capacity, which is around the estimated total network capacity of commercial communications satellites in space today.
“Our business jet customers want fast, reliable internet—no matter where they fly,” said Marc Drobny, president, StandardAero Business Aviation. “As the only master distributor of Viasat’s Ka-band and dual-band packages, we have an opportunity to work with our Bombardier Global aircraft customers as well as other MROs, and set them up with a connectivity solution that will leverage the latest satellite technology for faster speeds, more capacity and improved performance today and well into the future. We are proud to expand our industry leadership in connectivity solutions with this exciting partnership—especially as more business jet customers want to get online, globally.”
StandardAero is one of the world's largest independent providers of services including engine and airframe maintenance, repair and overhaul, engine component repair, engineering services, interior completions and paint applications. StandardAero serves a diverse array of customers in business and general aviation, airline, military, helicopter, components and energy markets. The company celebrated its 100th year of industry leadership in 2011. In 2015, StandardAero was purchased by Veritas Capital, a leading private equity firm headquartered in New York City. Veritas invests in companies that provide critical products and services to government and commercial customers worldwide including those operating in aerospace & defense, healthcare, technology, national security, communications, energy and education. More information can be found on the company's web site at www.standardaero.com.
Viasat is a global communications company that believes everyone and everything in the world can be connected. For more than 30 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are—on the ground, in the air or at sea. To learn more about Viasat, visit: www.viasat.com, go to Viasat’s Corporate Blog, or follow the Company on social media at: Facebook, Instagram, LinkedIn, Twitter or YouTube.
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 the ViaSat-3 satellite system configuration, capacity and performance, the forward-compatibility of Viasat’s in-flight internet solution with no additional hardware upgrades, and the Viasat products offered by StandardAero. 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; Viasat's ability to realize the anticipated benefits of the ViaSat-2 or ViaSat-3 satellite platforms; unexpected expenses or delays related to the satellite systems; 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 and ViaSat-3 satellite platforms; risks associated with the construction, launch and operation of Viasat's satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; and increased competition and other factors affecting the business aviation market 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.
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