ViaSat Wins $39.5 Million Order in MIDS Tactical Network Terminal Lot 7 Award
Order Includes First Orders from Portugal, Turkey, and Germany
CARLSBAD, Calif., July 6 /PRNewswire-FirstCall/ -- ViaSat Inc. (Nasdaq: VSAT) has won a delivery order valued at approximately $39.5 million for Multifunctional Information Distribution System terminals from The Space and Naval Warfare Systems Command (SPAWAR), San Diego. The order includes LVT(1) airborne and LVT(2) ground-based Low Volume Terminals under the Indefinite Delivery/Indefinite Quantity contract awarded in January 2000. The MIDS-LVT provides secure, high capacity, jam resistant, digital data and voice communications capability for the U.S. Navy, Air Force, Army, Marine Corps, and for U.S. defense partners. Delivery of the Lot 7 units is expected to begin in June of next year and continue through the first quarter of ViaSat's fiscal year 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030602/VSATLOGO )
This delivery order combines purchases for the United States and the first order from the governments of Portugal (11 percent), and Turkey (4.5 percent) under the Foreign Military Sales (FMS) Program, and to Germany (1 percent) through a Memorandum of Understanding amongst the founding MIDS nations (Germany, Italy, Spain, France, and the United States). The Lot 7 award includes LVT(1) terminals for F/A-18, E/A-18G, F-16, AC-130 aircraft, the MH-60R helicopter, Link-16 Alaska, China Lake, NAVICP, and Eglin AFB. The award also includes LVT(2) terminals and spares for various Army and Air Force applications including the JICO Support System (JSS), Pocket J Program, PATRIOT Program, Medium Extended Air Defense (MEADS), the Joint Tactical Ground Station (JTAGS), and for Eglin AFB Link-16 applications. During the procurement for Lot 7 the LVT(2) terminal quantities were competed and ViaSat remains as the only certified producer of the LVT(2) to date.
"With these new orders from foreign military customers such as Turkey, Portugal, and Germany, we expect to see a greater proportion of FMS and direct commercial sales to foreign customers in the future," said Paul Baca vice president of Tactical Data Links at ViaSat.
About ViaSat (www.viasat.com)
ViaSat produces innovative satellite and other communication products that enable fast, secure, and efficient communications to any location. Products include satellite ground equipment, information security devices, tactical data radios, and communication simulators. ViaSat has a full line of VSAT products for data and voice applications, and is a market leader in Ka-band satellite systems, from user terminals to large gateways. ViaSat has locations in Carlsbad, CA, and Duluth, GA, along with its Comsat Laboratories division in Germantown, MD. Additional field offices are located in Boston, MA, Washington DC, Australia, China, India, Italy, and Spain.
In addition the company has three wholly-owned subsidiaries: US Monolithics designs and produces monolithic microwave integrated circuits (MMICs) and modules for use in broadband communications for military and commercial applications; and Efficient Channel Coding is an innovator in satellite communication components and systems, based on the new DVB-S2 standard, that increase the efficiency of today's advanced satellite, wireless, and wire-line communication systems; and Enerdyne Technologies Inc., an innovator in video data link equipment and digital video systems for defense and intelligence markets, primarily for unmanned aerial vehicle (UAV) applications.
Safe Harbor Statement
Portions of this release, particularly statements about the performance and deliveries of ViaSat MIDS terminals, may contain forward-looking statements regarding future events and are subject to risks and uncertainties. ViaSat wishes to caution you that there are some factors that could cause actual results to differ materially, including but not limited to: contractual problems, product defects, manufacturing issues or delays, regulatory issues, technologies not being developed according to anticipated schedules, or that do not perform according to expectations; and increased competition and other factors affecting the telecommunications industry generally. The Company refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Factors That May Affect Future Performance in the Company's Form 10-K, which contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements.
Comsat Labs and Comsat Laboratories are trade names of ViaSat, Inc. Neither Comsat Labs nor Comsat Laboratories is affiliated with COMSAT Corporation. "Comsat" is a registered trademark of COMSAT Corporation.
SOURCE ViaSat Inc. -0- 07/06/2006 /CONTACT: Joe LoBello, email@example.com, or Olga Shmuklyer, firstname.lastname@example.org, both of Brainerd Communicators, +1-212-986-6667, for ViaSat Inc./ /Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030602/VSATLOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, email@example.com/ /Web site: http://www.viasat.com/ (VSAT)
CO: ViaSat Inc. ST: California IN: CPR SU: CON
KA-KM -- LATH022 -- 9894 07/06/2006 08:20 EDT http://www.prnewswire.com