The sole-source award extends Viasat's
previous SOCOM support contract
CARLSBAD, Calif., Dec. 29,
2022 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT),
a global communications company, today announced it was awarded an
indefinite delivery, indefinite quantity (IDIQ) contract award
worth up to $325 million over a
five-year period to support the U.S. Special Operations Command
(SOCOM). This sole-source IDIQ is an extension of a $350 million IDIQ contract awarded to Viasat in
2017.
Under the contract award, Viasat will continue to provide
advanced mission equipment, services and support to sustain and
improve situational awareness, integration, terrestrial networking,
intelligence, surveillance and reconnaissance (ISR), tactical
satellite communications, information assurance and network
management capabilities of Special Operations Forces.
"This contract award reaffirms Viasat's deep commitment and
partnership with the SOCOM community to understand and address the
capability needs of forces for the most complex missions," said
Craig Miller, president of Viasat
Government Systems. "Networking and communications needs across the
modern battlespace are continually evolving and we're excited to
help SOCOM maintain the advantage with solutions that deliver the
performance, flexibility and resilience Special Operations Forces
require to successfully operate independently and interoperate
effectively with joint forces."
The IDIQ contract vehicle is intentionally flexible to allow for
the evolution and adaption required to shift with rapid technology
developments and the dynamic mission requirements of SOCOM forces.
This structure is important to enabling new concepts of operation
(CONOPS) and achieving desired mission effects through rapidly
deployed technologies, systems and services.
About Viasat
Viasat is a global communications company that believes
everyone and everything in the world can be connected. For more
than 35 years, Viasat has helped shape how consumers,
businesses, governments and militaries around the world
communicate. Today, the Company is developing the ultimate global
communications network to power high-quality, secure, affordable,
fast connections to impact people's lives anywhere they are—on the
ground, in the air or at sea. To learn more about Viasat,
visit: www.viasat.com, go to Viasat's Corporate
Blog, or follow the Company on social media
at: Facebook, Instagram, LinkedIn, Twitter or YouTube.
Forward-Looking
Statements
This press release contains forward-looking statements that are
subject to the safe harbors created under the Securities Act of
1933 and the Securities Exchange Act of 1934. Forward-looking
statements include statements about the actual amount ordered
under the IDIQ, the products and services to be delivered by
Viasat, and the resulting benefits to SOCOM. Readers are
cautioned that actual results could differ materially and adversely
from those expressed in any forward-looking statements. Factors
that could cause actual results to differ include: construction,
launch and operation of satellites, including the effect of any
anomaly, operational failure or degradation in satellite
performance; 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; delays in approving U.S.
government budgets and cuts in government defense expenditures; and
increased competition and other factors affecting the government
and defense sectors generally. In addition, please refer to the
risk factors contained in Viasat's SEC filings
available at www.sec.gov, including Viasat's most
recent Annual Report on Form 10-K and Quarterly Reports on Form
10-Q. Readers are cautioned not to place undue reliance on any
forward-looking statements, which speak only as of the date on
which they are made. Viasat undertakes no obligation to
update or revise any forward-looking statements for any reason.
Copyright © 2022 Viasat, Inc. All rights reserved. Viasat,
the Viasat logo and the Viasat signal are registered trademarks of
Viasat, Inc. All other product or company names mentioned are used
for identification purposes only and may be trademarks of their
respective owners.
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SOURCE Viasat, Inc.