CARLSBAD, Calif., May 22, 2017 /PRNewswire/ -- ViaSat Inc.
(NASDAQ: VSAT), a global broadband services and technology
company, announced today it received a contract from The
Boeing Company (NYSE: BA) to deliver its KOR-24A Small Tactical
Terminals (STT) for integration onto Boeing's AV-8B Harrier attack
aircraft for United States Marine
Corps (USMC) and international customers. The contract is worth
approximately $20M including
exercisable options.
The STT was competitively selected as providing the best value
to Boeing and its U.S. Government customer based upon its
capability, product maturity and proven reliability as the only
small form factor Link 16 and Soldier Radio Waveform (SRW) capable
aviation terminal fielded in the world. The STT will enable the
USMC's Harriers to better coordinate their activities with other
U.S. and allied aircraft as well as with U.S. and allied ground
forces using both Link 16 and SRW networks in order to more rapidly
engage enemy targets and to do so with reduced risk of fratricide
or collateral damage.
"Being selected by Boeing to provide the Link 16 radio for the
AV-8B is another big milestone for us," said Ken Peterman, president, Government Systems,
ViaSat. "It is further evidence of the value of our STT product as
well as our commercial approach to developing products to provide
our warfighters with the capability they need to address their
critical gaps with little or no investment necessary by the
government customer. This order from Boeing for the Harrier
increases the quantities of STTs either in the field or on order to
well over 1,200 units; and we anticipate a market with at least
several thousand additional units to follow."
About ViaSat
ViaSat, Inc. (NASDAQ:
VSAT ) keeps the world connected. As a global broadband services
and technology company, ViaSat ensures consumers,
businesses, governments and military personnel have communications
access - anywhere - whether on the ground or in-flight. The
Company's innovations in designing highest-capacity satellites and
secure ground infrastructure and terminal technologies coupled with
its international network of managed Wi-Fi hotspots
enable ViaSat to deliver a best available network that
extends the reach and accessibility of broadband internet service,
globally. For more information visit ViaSat at:
www.viasat.com, or follow the Company on social media:
Facebook, Twitter, LinkedIn and YouTube.
Forward-Looking Statements
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 cost savings to the U.S. government and awards
for future STTs. 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 government and defense sectors
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.
Copyright © 2017 ViaSat, Inc. All rights reserved. All other
product or company names mentioned are used for identification
purposes only and may be trademarks of their respective
owners. ViaSat is a registered trademark of ViaSat,
Inc.
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SOURCE ViaSat, Inc.