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California-headquartered Viasat and London-based Inmarsat have made economic commitments to the British government to help clear their $7,300,000,000 transaction.
Viasat and Inmarsat committed to deliver new jobs and investment to the United Kingdom as part of their proposed combination.
Viasat and Inmarsat committed to increase research and development spending in the United Kingdom by 30% as part of their commitments to the British government.
The British government ruled 2022-09-16 that Viasat's proposed acquisition of London-based Inmarsat poses no risk to the U.K.'s national security.
In March 2022 Viasat and Inmarsat committed to economic undertakings with the UK Department for Business, Energy and Industrial Strategy to support the UK’s National Space Strategy.
Viasat Inc. and Inmarsat received UK Government approval of their proposed business combination under the National Security and Investment Act on 2022-09-16.
Viasat projected on 2022-09-13 that it would likely take about another month to determine whether the company can close the acquisition in 2022 or in 2023.
Viasat is acquiring Inmarsat as part of a multi-orbit plan to build scale internationally.
Viasat announced plans to acquire British satellite fleet operator Inmarsat as part of a multi-orbit growth strategy.
Viasat is acquiring Inmarsat.
ViaSat-3 is a group of three GEO satellites that Boeing is building for Viasat to expand its global services.
Viasat received shareholder approval in June to buy London-based satellite operator Inmarsat in a $7,300,000,000 deal expected to close 2022.
Viasat Chairman of the Board and CEO Mark Dankberg will deliver a presentation on Viasat’s business and corporate strategy at the 2022 Annual Meeting of Stockholders.
In November 2021, Inmarsat and Viasat announced a planned combination of the two companies with the deal scheduled to close in the second half of 2022.
Viasat opposes SpaceX’s request for FCC approval to operate a second-generation constellation of nearly 30,000 satellites that would operate between 340 and 614 km in low Earth orbit on environmental grounds.
Viasat received the $99,000,000 MIDS JTRS order during its Q2 fiscal year 2023.
Viasat Inc. (NASDAQ: VSAT) received a $99,000,000 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.
Viasat’s MIDS JTRS terminals provide access to the secure Link 16 line-of-sight network for tactical communications and data transport to ground, maritime, and airborne platforms.
The $99,000,000 order falls under a U.S. Navy Indefinite Delivery, Indefinite Quantity (IDIQ) contract awarded to Viasat in 2020 with a maximum value of $998,000,000 for the production, retrofits, development, and sustainment of MIDS JTRS terminals.
SpaceX and Viasat have become targets of electronic and cyber attacks during the Ukraine conflict.