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ViaSat Wins $44.9 Million Order in MIDS Tactical Network Terminal Lot 8 AwardCARLSBAD, Calif. --(Business Wire)-- ViaSat Inc. (Nasdaq:VSAT) has won a delivery order valued at approximately $44.9 million for Multifunctional Information Distribution System terminals from The Space and Naval Warfare Systems Command (SPAWAR), San Diego. By gathering information into a digital view of the battlefield, MIDS provides greater situational awareness in combat for the U.S. Navy, Air Force, Army, Marine Corps, and for U.S. defense partners. The secure, high capacity, jam resistant wireless (non-satellite) system connects users with both digital data and voice communications. The Lot 8 order includes LVT(1) airborne and LVT(2) ground-based Low Volume Terminals under the Indefinite Delivery/Indefinite Quantity contract awarded in January 2000. Delivery of Lot 8 units is expected to begin in June of next year and continue through the first quarter of ViaSat's fiscal year 2010. The new award includes LVT(1) terminal variants and spares for F/A-18, E/A-18G, F-16, AC-130 aircraft, the MH-60R/S and CH-53K helicopters. The Lot 8 order also includes LVT(2) terminal variants and spares for various Army and Air Force applications, MIDS LVT(1) variant terminals for Portuguese F-16 aircraft, and LVT(2) variant terminals for German ground based applications. During the procurement for Lot 8 the LVT(2) terminal quantities were competed and ViaSat remains as the only certified producer of LVT(2) terminal variants to date. "The hard work by our team to provide innovation and best value continues to pay off," said Paul Baca, vice president of Tactical Data Links at ViaSat. "We feel we are a technology leader in both the airborne and ground based terminal markets because we work closely with our customer and the end users to provide products that best meet their needs. This approach is helping expand the ground terminal market beyond original projections and we look forward to continued growth in this area." About ViaSat (www.viasat.com) ViaSat produces innovative satellite and other digital communication products that enable fast, secure, and efficient communications to any location. The Company provides networking products and managed network services for enterprise IP applications; is a key supplier of network-centric military communications and encryption technologies to the U.S. government; and is the primary technology partner for gateway and customer-premises equipment for consumer and mobile satellite broadband services. The company's four wholly owned subsidiaries, US Monolithics, Efficient Channel Coding, Enerdyne Technologies, and Intelligent Compression Technologies, design and produce complementary products such as monolithic microwave integrated circuits, DVB-S2 satellite communication components, video data link systems, and data acceleration and compression products. 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, Baltimore, MD, Washington DC, Australia, China, India, Italy, and Spain. Safe Harbor Statement Portions of this release, particularly statements about the performance and deliveries of ViaSat products and technology, 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 tradenames of ViaSat, Inc. Neither Comsat Labs nor Comsat Laboratories is affiliated with COMSAT Corporation. "Comsat" is a registered trademark of COMSAT Corporation. |
