Viasat Wins $437.7M Space Force Contract, Reports $1.196B Q1 Revenue
VSAT has more than doubled off its 52-week low of $8.606.
Summary
Viasat secured a significant $437.7 million U.S. Space Force contract for Protected Tactical Satellite-Global work, which will run through March 2029. The company also reported Q1 2026 revenue of $1.196 billion, marking a 4.3% year-over-year increase, and confirmed an expected loss per share of $0.36. This follows analyst expectations for the Q1 loss, as reported yesterday. The contract win is a material boost to Viasat's government defense segment, adding substantial future revenue. Additionally, Viasat's SwiftBroadband-Safety cockpit service reached a milestone of 1,000 aircraft in service, demonstrating operational growth.
At the time of this announcement, VSAT was trading at $83.48 on NASDAQ in the Technology sector, with a market capitalization of approximately $11.1B. The 52-week trading range was $8.61 to $83.25. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.