Viasat Provides Status Update On ViaSat-3 Americas Satellite; Unexpected Event Occurred During Reflector Deployment That May Materially Impact Performance; Contingency Plans Are Currently Being Refined To Minimize The Economic Effect To The Company
Portfolio Pulse from Benzinga Newsdesk
Viasat has reported an unexpected event during the deployment of its ViaSat-3 Americas satellite, which may significantly impact its performance. The company is currently refining contingency plans to minimize the economic impact.
July 12, 2023 | 8:40 pm
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Viasat's unexpected event during the deployment of its ViaSat-3 Americas satellite may materially impact the satellite's performance and potentially the company's economic standing.
The unexpected event during the deployment of Viasat's satellite could lead to a decrease in the satellite's performance, which could in turn impact the company's revenues and profitability. This could potentially lead to a decrease in the company's stock price in the short term.
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