CARLSBAD, Calif. - Viasat Inc. (NASDAQ: VSAT), a company specializing in satellite communications, has announced the launch of Enhanced LAISR, an L-band service designed to meet the needs of government mobile users across air, maritime, and land domains. The service aims to provide highly available, on-demand satellite communications (SATCOM) connectivity with a focus on flexibility and reliability.
The Enhanced LAISR (L-band Airborne Intelligence, Surveillance, and Reconnaissance) solution is an evolution of the company's award-winning LAISR service, which is tailored to specific government requirements. It offers beyond line-of-sight (BLOS) SATCOM connectivity for mobile platforms and is especially suited for military operations that demand all-weather resilience and high network reliability, touted at 99.9 percent.
The introduction of this service comes as government organizations increasingly depend on mobile Intelligence, Surveillance, and Reconnaissance (ISR) missions that require consistent and reliable connectivity to transmit large volumes of data. Enhanced LAISR is expected to provide on-demand, managed network access globally, ensuring users can connect whenever and wherever necessary.
Customers will be able to utilize the new Enhanced L-band Maritime Antenna (ELMA) and the upcoming LAISR-COTM (comms-on-the-move) terminal to access the Enhanced LAISR services. Viasat is also developing additional terminals to enhance connectivity options and deliver seamless global capabilities through reduced size, weight, and power (SWaP) user terminals.
Steve Gizinski, Chief Technology Officer at Viasat Government, stated that Enhanced LAISR exemplifies Viasat's commitment to evolving its services and terminals to meet the changing needs of government customers and to support both crewed and uncrewed ISR missions around the world.
Viasat, which completed the acquisition of Inmarsat in May 2023, aims to build a sustainable, global communications network that can deliver secure, affordable, and fast connections. The company has offices in 24 countries and is actively involved in connecting consumers, businesses, governments, and militaries.
This announcement is based on a press release statement and contains forward-looking statements regarding the expected benefits and performance of the LAISR service and user terminals. However, these statements are subject to risks, including technological development delays, regulatory issues, and other factors that could cause actual results to differ materially from what is expressed in the forward-looking statements.
In other recent news, Viasat Inc. has announced a series of significant developments. The company appointed Gary Chase as its new Chief Financial Officer, succeeding Shawn Duffy who will continue with the company as Chief Accounting Officer. Chase brings a wealth of experience from Delta Air Lines (NYSE:DAL) and Barclays Capital, and is expected to contribute to Viasat's growth objectives.
In financial news, Viasat's revenues have more than tripled to $4.5 billion during Duffy's tenure as CFO since 2014. Analysts from BofA Securities, Deutsche Bank, and Needham have made recent adjustments to their price targets for the company, with varying ratings.
Viasat has also made strides in its service offerings. The company unveiled upgrades to its L-band tactical satellite service (L-TAC), aiming to provide a more efficient experience for global government customers. These enhancements include an automated service ordering and provisioning system and a radio frequency over Internet protocol (RFoIP) solution for the U.S. government.
Furthermore, Viasat has formed strategic partnerships with Airbus Defence and Space, and Azercosmos, the national satellite operator of Azerbaijan. The collaboration with Airbus will equip the Airbus C295 Maritime Patrol Aircraft with Viasat's GAT-5530 broadband terminal for the Spanish Ministry of Defence. The partnership with Azercosmos aims to extend satellite services in Azerbaijan and surrounding regions. These are all recent developments in Viasat's operations and market position.
InvestingPro Insights
Viasat Inc. (NASDAQ: VSAT) has been actively expanding its satellite communications services, as highlighted by the recent launch of Enhanced LAISR. This strategic move is aimed at strengthening Viasat's position in the government and military sectors. According to InvestingPro, the company's stock has experienced significant price volatility, which is an important consideration for investors interested in the defense and communications sectors. Despite the volatility, Viasat's shareholder yield is considered high, suggesting that the company is returning substantial value to its shareholders.
From a financial perspective, Viasat's market capitalization stands at approximately $1.97 billion. The company's Price / Book multiple, as of the last twelve months leading up to Q1 2025, is notably low at 0.39, which could indicate that the stock is undervalued relative to its book value. This is particularly relevant for investors looking for potential growth opportunities in the technology sector. Moreover, Viasat's revenue has grown by an impressive 67.71% over the same period, signaling strong business expansion that aligns with the launch of new services like Enhanced LAISR.
For investors seeking more in-depth analysis, InvestingPro offers additional tips on Viasat, including insights into the company's debt burden, cash flow, and profitability predictions for the year. There are 10 more InvestingPro Tips available for those who want to explore Viasat's financial health and investment potential in greater detail.
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