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Viasat Lands 3 5 Mln Task Order To Expand Low Earth Orbit Satellite Services Stock Down

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Viasat secures first IDIQ contract task order for U.S. government operations.

Viasat Secures First Task Order Award Under IDIQ Contract

Viasat, a leading provider of advanced communication and information solutions, has secured its first Task Order award under the 10-year IDIQ (Indefinite-Delivery/Indefinite-Quantity) contract with the U.S. government. This significant milestone marks a major step forward for Viasat’s efforts to support the government’s global operations.

Key Highlights of the Award

  • Viasat will provide Ku-band LEO (Low Earth Orbit) services via a partner network to support U.S. government operations across various global locations.

    The contract is worth $1.1 billion over five years, with the option to extend for an additional two years.

    The Viasat Satellite Communications Contract: A Five-Year, $1.1 Billion Deal

    The Viasat satellite communications contract is a significant development in the satellite industry, with multiple vendors competing to provide services under the contract. The contract, originally awarded in 2023, is worth $1.1 billion over five years, with the option to extend for an additional two years.

    Key Features of the Contract

  • The contract allows multiple vendors to provide satellite communications services, including:
      • Data transmission and reception
      • Voice and video communications
      • Internet connectivity
      • Cybersecurity services
  • The contract is worth $1 billion over five years, with the option to extend for an additional two years
  • The contract is administered by the U.S. Department of Defense’s Defense Information Systems Agency (DISA)

    • The Significance of the Contract

    The Viasat satellite communications contract is significant for several reasons:

  • Increased competition: The contract allows multiple vendors to compete for the contract, which is expected to increase competition in the satellite industry. * Improved services: The contract is expected to provide improved services to the U.S.

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