Press release
Viasat Awarded $99 Million Lot Buy Order for Military Tactical Radios
CARLSBAD, Calif., Aug. 22, 2022 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global communications company, today announced it was awarded a $99 million
About this update from Viasat, Inc.
[{"type":"text","content":"CARLSBAD, Calif., Aug. 22, 2022 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global communications company, today announced it was awarded a $99 million order for Multifunctional Information Distribution System (MIDS) Joint Tactical Radio System (JTRS) terminals from U.S. Naval Information Warfare Systems Command (NAVWAR) on behalf of the MIDS Program Office. This order falls under a U.S. Navy Indefinite Delivery, Indefinite Quantity (IDIQ) contract awarded to Viasat in 2020 with a maximum value of $998 million for the production, retrofits, development and sustainment of MIDS JTRS terminals. This order was received during Viasat's Q2 FY23.\nMIDS are among the most widely used Link 16 terminals by the US military and global allies, acting as the foundational communications datalink on the modern battlefield and providing a secure communications capability for operations in any environment. Viasat's MIDS JTRS terminals provide access to the secure Link 16 line-of-sight network enabling tactical communications and data transport to ground, maritime and airborne platforms to provide greater situational awareness on the battlefield.\n\"This award further indicates Viasat's commitment and expertise providing Link 16 tactical communications solutions supporting US and Allied armed services,\" said Craig Miller, president of Viasat Government Systems. \"MIDS JTRS radios are a critically important tool that enables warfighters to maintain communications superiority and secure data transport on the battlefield, as well as securely communicate with allied forces. Viasat is proud to be a trusted supplier of this capability for today's allied warfighting force.\"\nThe order demonstrates the strength of Viasat's Tactical Data Link (TDL) business and recognition of its production capability to deliver large quantities of MIDS terminals in a variety of configurations to meet mission and customer requirements.\nVisit Viasat's website for more information about its TDL and Line-of-Sight networking and communications capabilities.\nAbout ViasatViasat is a global communications company that believes everyone and everything in the world can be connected. For over 35 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications n...