All verified mentions of this organization in source documents.
Viasat will focus ongoing investments in space and ground technologies and assets to support the company’s revenue and AEBITDA growth targets for 2023-10-01, 2024-10-01, and beyond.
Viasat will report earnings results on 2023-11-08 and provide more details about the workforce reduction at that time.
The workforce reduction will save Viasat $100,000,000 in annual expenses beginning in fiscal year 2025, which starts in April 2024.
Viasat completed the acquisition of Inmarsat prior to 2023-11-02.
Viasat will reduce its global workforce by approximately 800 roles, or about 10%, spread across geographies and divisions.
Viasat’s cost reductions are intended to support previously announced plans to reduce debt and leverage and generate free cash flow by the first half of calendar year 2025.
Inmarsat had roughly 1,800 employees at the time of its $6,200,000,000 acquisition by Viasat.
Viasat employed roughly 6,200 people in May 2023 when it bought Inmarsat.
The workforce reduction is intended to help Viasat reach a $1,400,000,000 to $1,500,000,000 spending target for fiscal year 2025.
Viasat, Inc. will release its second quarter fiscal year 2024 financial results on Wednesday, 2023-11-08 after the market closes via a letter to shareholders posted to the Investor Relations section of its website.
The combined Viasat-Inmarsat business has 60% more revenue than Viasat alone.
Viasat acquired Inmarsat in 2023.
Intellian Technologies, Inc. and Inmarsat Maritime, a Viasat business, signed a Memorandum of Understanding to develop a next-generation GMDSS safety terminal.
Skyrora, Viasat, and CGI were awarded a contract by the European Space Agency under the Commercial Space Transportation Services program to demonstrate InRange.
The European Space Agency awarded Skyrora, Viasat, and CGI a contract under the Commercial Space Transportation Services programme to demonstrate the InRange space-based launch vehicle telemetry relay system on 2023-10-11.
Viasat’s InRange service uses Viasat’s geostationary ELERA L-band satellite network to provide a global in-orbit telemetry solution.
The majority of the 30 Embraer E195-E2 aircraft ordered by Porter and outfitted with Viasat systems are installed and operating as of 2023-10-18.
By joining Viasat’s ELEVATE program, MinFarm Tech and Global Beam Telecom can use Viasat’s global satellite network and exchange expertise ahead of launching the new hub.
Viasat unveiled enhanced business aviation in-flight broadband service options on 2023-10-17 in Carlsbad, California that harmonize Viasat’s Ka-band solution with the Jet ConneX solution from its recently acquired Inmarsat business.
Viasat developed the expanded business aviation service options using extensive feedback from customers and partners to increase flexibility while maintaining a consistent broadband experience for passengers.