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The first two ViaSat-3 class satellites are under construction to serve the Americas and the Europe, Middle East and Africa (EMEA) markets, and these two satellites are expected to launch in the 2021 timeframe.
Viasat expects to reduce available commitments under its revolving credit facility from $800,000,000 to $700,000,000.
Viasat is seeking to raise $500,000,000 through a new offering of senior secured notes.
Viasat previously announced the offering at $500,000,000 in aggregate principal amount before upsizing to $600,000,000.
Viasat upsized its offering of 5.625% Senior Secured Notes due 2027 to $600,000,000 in aggregate principal amount.
Viasat expects to reduce available commitments under its revolving credit facility from $800,000,000 to $700,000,000.
Viasat and MDA will deliver Link 16 tactical data link solutions designed to meet size, weight, and power (SWaP) requirements for Canadian Armed Forces platforms.
Viasat Inc. (NASDAQ: VSAT) and MDA won a competitive award from the Canadian Department of National Defence in September 2018 to support the Canadian Army’s Airspace Coordination Centre Modernization (ASCCM) project.
Viasat designed AeroDocs v18.3 with advanced content controls to provide an enhanced framework for faster, easier content management of highly regulated aviation safety documentation.
Facebook is investing in the roll-out of Viasat’s Community Wi-Fi service and is working with Viasat to help identify optimal deployment locations within Viasat’s current and planned satellite coverage.
EL AL transatlantic flights to New York, Toronto, Los Angeles, and Miami began offering Viasat in-flight Wi-Fi in May 2019.
Viasat and EL AL Israel Airlines launched the Viasat in-flight Wi-Fi service on EL AL transatlantic flights in February 2019.
EL AL transatlantic flights to San Francisco and Las Vegas began offering Viasat in-flight Wi-Fi in June 2019.
Viasat reported a net loss of $10,400,000 for the quarter ended 2018-12-31.
Viasat expects the third ViaSat-3 designated for the Asia Pacific to launch in the second half of 2022.
Viasat reported record revenue of $555,000,000 for the quarter ended 2018-12-31, a 45 percent increase year over year.
The first ViaSat-3 satellite, expected to cover the Americas, is likely to launch in early 2021 instead of its prior schedule.
Viasat obtained $127,800,000 in insurance claims during the quarter and $172,200,000 in insurance claims overall related to ViaSat-2.
Viasat intends to use cash flow from its satellite services business to fund a large segment of the ViaSat-3 constellation.
Viasat expects to launch the first ViaSat-3 to cover the Americas followed by a second ViaSat-3 for Europe, the Middle East, and Africa six months later.