ViaSat Receives $10.9 Million in Additional Orders for MIDS Tactical Data Links Terminals
CARLSBAD, Calif., Sept. 14 /PRNewswire-FirstCall/ -- ViaSat Inc. (Nasdaq: VSAT) has been awarded an additional order valued at approximately $8.7 million for Multifunctional Information Distribution System (MIDS) terminals from the Space and Naval Warfare Systems Command (SPAWAR), San Diego. The order augments the $39.5 million Lot 7 delivery order announced on July 6, received by ViaSat as part of the MIDS annual Lot procurements. The Lot 7 add-on consists primarily of LVT(2) ground-based Low Volume Terminals and spares, along with LVT(4) and LVT(6) airborne terminals.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030602/VSATLOGO )
ViaSat has also been awarded an order valued at just over $2.2 million for MIDS terminals from the Naval Surface Warfare Center, Crane Division. This order is for LVT(2) ground-based Low Volume Terminals and support equipment.
MIDS LVT is part of a tactical radio system that collects data from many sources and displays an electronic overview of the battlefield using secure, high capacity, jam resistant, digital data and voice. The system is used by the U.S. Navy, U.S. Air Force, U.S. Army, as well as militaries of other nations. ViaSat is one of two U.S. government-qualified manufacturers of Link-16 MIDS airborne terminals and is the only qualified manufacturer of the LVT(2) ground-based terminal.
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.
* Efficient Channel Coding, an innovator in satellite communication components and systems based on the new DVB-S2 standard for satellite, wireless, and wire-line communication systems.
* Enerdyne Technologies Inc., an innovator in video data link equipment and digital video systems for defense and intelligence markets, primarily for unmanned aerial vehicles (UAVs).
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 Risk Factors 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- 09/14/2006 /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 TLS ARO SU: CON
KA-LP -- LATH027 -- 2288 09/14/2006 08:20 EDT http://www.prnewswire.com