Lockheed Martin Taps Viasat for NOAA C-130J Satellite Communications
VSAT has more than doubled off its 52-week low of $8.606 on elevated volume (2.6× avg).
Summary
Viasat secured a significant contract with Lockheed Martin to equip NOAA's next-generation C-130J 'Hurricane Hunter' aircraft with its Hybrid SATCOM platform. This marks the first formal line-fit integration of Viasat's HSA technology on the C-130J, providing engineering support, hardware, and integration for an initial two aircraft with options for more. This strategic win reinforces Viasat's position in government satellite communications and opens potential for broader adoption across the C-130J fleet, building on recent contract successes like the $437.7 million U.S. Space Force award.
At the time of this announcement, VSAT was trading at $80.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $11B. The 52-week trading range was $8.61 to $89.79. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.