Viasat Receives Stockholder Approval for Proposed Acquisition of Inmarsat

CARLSBAD, Calif., June 21, 2022 (Viasat PR) — Viasat Inc. (NASDAQ: VSAT), a global communications company, announced today that, at its Special Meeting of Stockholders, it received the necessary stockholder approvals for the proposed acquisition of Inmarsat. Viasat continues to expect the transaction to close in the second half of calendar year 2022, subject to the receipt of certain regulatory approvals and clearances and the satisfaction of other customary closing conditions.

The combined company will create a leading global communications innovator with enhanced scale and scope to affordably, securely, and reliably connect the world. Viasat believes the strategic combination will increase the pace of innovation to help drive new and better services for customers, broaden opportunities for employees, and provide a foundation for significant positive free cash flow.

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Affordable Connectivity Program and Viasat Deliver Quality Broadband Internet to Qualifying Households Nationwide

CARLSBAD, Calif. (Viasat Inc. PR) — Viasat Inc. (NASDAQ: VSAT), a global communications company, announced today that it provides nationwide discounted high-speed satellite internet service through the Affordable Connectivity Program (ACP) to qualifying households nationwide, including residences outside the cable and fiber footprint. The ACP is a Federal Communications Commission (FCC) benefit program that helps ensure that households can afford the broadband they need for work, school, healthcare and more. The benefit provides a discount of up to $30per month toward internet service for eligible households and up to $75 per month for households on qualifying Tribal lands.

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Viasat Expands Presence with Aberdeen Proving Ground Office in Harford County, Maryland

ABERDEEN, Md. (Viasat Inc., PR) — Viasat Inc., (NASDAQ: VSAT), a global communications company, today announced the opening of a new office in Aberdeen, Maryland, located in Harford County, on the U.S. Army’s Aberdeen Proving Ground (APG) installation. This new office will be an important partnering location for Viasat Government Systems employees, enabling teams to deepen customer relationships and continue ongoing work to support the U.S. Army’s network transformation.

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Space Industry Launches Humanitarian Initiative to Support Ukraine

HERNDON, Va. (Space Industry for Ukraine PR) — Leaders of the space community today announced the Space Industry for Ukraine (SIFU), an initiative designed to fund and execute efforts that provide immediate humanitarian aid to the people of Ukraine. The initiative will be run by a steering committee, which includes HawkEye 360, National Security Space Association (NSSA), ABL Space Systems, ARKA, BlackSky, Capella Space, ICEYE, Insight Partners, Leidos, LeoLabs, Maxar, Raytheon Intelligence & Space, Rebellion Defense, Relativity Space, Riverside Research, Rocket Lab, Velos and Viasat. The steering committee will fundraise, select and monitor the execution of critical humanitarian projects throughout Ukraine and its neighboring countries. Additional participating donor companies include The Aerospace Corporation, Cognitive Space and Shield Capital.

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Viasat Selected to Deliver Real-Time, Near-Earth Communications for NASA’s Communications Services Project

New Real-Time Earth Space Relay Service Will Provide Resilient, Flexible and Scalable Communications Links for Optimized Data Transfer of LEO Space Missions

CARLSBAD, Calif. (Viasat Inc. PR) — Viasat Inc., (NASDAQ: VSAT) a global communications company, today announced it was selected on April 20th by NASA to support its Communications Services Project (CSP), which seeks to accelerate the development of near-Earth communications by partnering with commercial satellite communications (SATCOM) providers. Aligned to the CSP objectives, Viasat is developing a space relay capability that will leverage its upcoming ViaSat-3 global satellite constellation, with a newly developed terminal that will enable on-demand and cost-effective communications services for LEO spacecraft anywhere and at any time in their global orbit.

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NASA, Industry to Collaborate on Space Communications by 2025

An artist rendering of a NASA Tracking and Data Relay Satellite (TDRS) in orbit. TDRS provides a vital communications link between ground facilities and the International Space Station, the Hubble Space Telescope and a host of Earth science satellites. The agency would decommission TDRS to enable commercial providers to support future near-Earth communication mission requirements. (Credits: NASA)

CLEVELAND (NASA PR) — NASA selected six American satellite communications (SATCOM) providers on April 20 to begin developing and demonstrating near-Earth space communication services that may support future agency missions.

For more than a year, the agency has been evaluating the feasibility of employing commercial SATCOM networks for near-Earth operations as it works to decommission its near-Earth satellite fleet. This approach would allow NASA to focus more time and resources on its deep space exploration and science missions.

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Viasat Partners with the Košice Region of Slovakia; Donates Satellite-Based High-Speed Internet to Ukrainian Refugees

Humanitarian Effort Provides Connectivity to Tens of Thousands of Displaced Refugees

CARLSBAD, Calif. (Viasat Inc. PR) — Viasat Inc. (NASDAQ: VSAT), a global communications company, and the Košice region, Slovakia, have partnered to provide free high-speed internet to Ukrainian refugees in Eastern Slovakia using Viasat’s proven satellite-enabled Community Internet system. Viasat Community Internet (VCI) sites are being installed across Eastern Slovakia in areas of greatest need for refugee connectivity.

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Viasat Receives Landmark Validation of Supplemental Type Certificate for In-Flight Connectivity System on Airbus A320 Aircraft in China

CARLSBAD, Calif. (Viasat, Inc. PR) — Viasat Inc. (NASDAQ: VSAT), a global communications company, today announced it has been awarded a Civil Aviation Administration of China (CAAC) Validation of Supplemental Type Certificate (VSTC) to install its complete, advanced Ka-band satellite system on Airbus A320 series of aircraft. This CAAC validation, Viasat’s first in China, lays the foundation for Chinese airlines to install and deploy Viasat’s industry-leading In-Flight Connectivity (IFC) system, including antenna, radome, modem, server and WAPs, on Airbus A320s.

The CAAC VSTC was awarded based on an Airbus A320 STC previously certified by the European Union Aviation Safety Agency (EASA). It joins a portfolio of STCs that has been applied globally on 1,800+ commercial aircraft installed with Viasat’s in-flight connectivity system. In total, the Company’s current IFC solution has accumulated more than 16.5 million flight hours.

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Viasat and Batelco Sign MOU for the Commercialization and Distribution of Business-to-Business Broadband Connectivity Services Across MENA

CARLSBAD, Calif. (Viasat Inc. PR) — Viasat Inc. (NASDAQ: VSAT), a global communications company, and Bahrain Telecommunication Company (“Batelco”), the leading digital solutions provider in the Kingdom of Bahrain, today announced the signing of a Memorandum of Understanding (MOU) to engage in several business-to-business (B2B) service opportunities across the Middle East and North Africa (“MENA”) region.

The non-binding MOU between Viasat and Batelco focuses on the potential commercialization and distribution of satellite broadband connectivity to businesses in the MENA region.

The MOU also addresses exploring other potential service opportunities including:  

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Viasat, Inmarsat Reach Agreement with UK Government on Plan to Increase Highly-skilled Jobs and R&D Investment in the UK Space Sector

Agreement ensures combination of Viasat and Inmarsat will be a strong contributor to the UK National Space Strategy

CARLSBAD, Calif. and LONDON, March 21, 2022 (Viasat/Inmarsat PR) — Viasat and Inmarsat, the US and UK satellite communications groups, have agreed on a package of legally-binding economic undertakings with the UK Government’s Department for Business, Energy and Industrial Strategy (BEIS) as part of the proposed combination of the two companies. BEIS welcomed the constructive discussions that have taken place with both companies on their future plans. The transaction remains subject to the regulatory processes of the UK.

“We are fully committed to ensuring that our combination with Inmarsat supports the UK’s National Space Strategy with additional investment and job creation,” said Rick Baldridge, president and CEO of Viasat. “I am confident that together we can build upon the UK’s space agenda and help propel the country to the forefront of the global space race. I want to thank the UK Government for their engagement and look forward to a productive relationship for decades to come.”

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GMV Joins Net Zero Space Initiative to Eliminate Space Debris

  • The use of outer space and the more than $1 trillion in benefits estimated for 2030 is threatened by rising orbital pollution
  • There is an urgent need for all stakeholders in the space market to reach a consensus on its safe and sustainable use
  • GMV is a world reference in the study, monitoring and prevention of space debris proliferation, with more than 20 years of experience in this market

MADRID, Spain (GMV PR) — The space environment is becoming increasingly polluted due to the proliferation of objects orbiting in an uncontrolled manner around the earth, particularly in low and geostationary orbits (the most interesting for use and exploitation). Estimates suggest that there are more than one million objects larger than 1 cm capable of causing potential damage of various kinds, and the number is increasing at a dangerous rate. To ensure a sustainable use of space, various key players in the space industry (*), including GMV, have launched the international initiative called Net Zero Space.

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Viasat and Inmarsat to Combine, Creating a New Leading Global Communications Innovator

– Accelerates Availability and Customer Choice for Broadband and IoT Services in Highly Competitive, Fragmented Global Markets

– Complementary Resources and Assets Create New Opportunities for Enhanced Growth and Innovation in Multi-band, Multi-orbit, Hybrid Space and Terrestrial Networks

– Increased Financial Strength and Resiliency Expected to Provide a Solid Foundation for Innovation and Capital Investment with Enhanced Free Cash Flow

CARLSBAD, Calif., and LONDON, Nov. 8, 2021 (ViaSat/Inmarsat PR) — Viasat Inc., (NASDAQ: VSAT), a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, today announced they have entered into a definitive agreement under which Viasat will acquire Inmarsat in a transaction valued at $7.3 billion, comprised of $850.0 million in cash, approximately 46.36 million shares of Viasat common stock valued at $3.1 billion based on the closing price on Friday November 5, 2021, and the assumption of $3.4 billion of net debt.

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Former NASA Administrator Jim Bridenstine Appointed to Chair Voyager Space Holdings, Inc. Advisory Board

Jim Bridenstine (Credit: NASA/Bill Ingalls)

DENVER, April 7, 2021 (Voyager Space Holdings PR) — Voyager Space Holdings, Inc. (Voyager), a global leader in space exploration, today announced Jim Bridenstine will join the company’s advisory board as chairman. The former NASA Administrator will join an esteemed group of industry experts guiding Voyager as it continues on its mission to create a vertically integrated, publicly traded NewSpace company.

As NASA’s 13th Administrator, Bridenstine led the agency in advancing American aeronautic, science, and space exploration objectives including the introduction of NASA’s new human lunar exploration mission, the Artemis program.

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Former NASA Administrator Jim Bridenstine Joins Viasat Board of Directors

Jim Bridenstine (Credit: NASA/Bill Ingalls)

CARLSBAD, Calif., April 1, 2021 (Viasat PR) — Viasat Inc.  (NASDAQ: VSAT), a global communications company, today announced the appointment of Former National Aeronautics and Space Administration (“NASA”) Chief and former Oklahoma Congressman James “Jim” Bridenstine to its Board of Directors. Bridenstine will serve as a Class II director, with an initial term expiring at the Company’s 2022 Annual Meeting of Stockholders. With the appointment of Bridenstine, the Board now consists of eight members, six of whom are independent directors.

Bridenstine will provide Viasat’s Board of Directors with extensive experience in space technology, innovation and safety based on his leadership role at NASA, as well as defense and aerospace expertise based on his public service in the United States Navy and Congress.

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