Viasat Receives Over $80M In Development Awards For Multi-Function AESAs Across Warfighting Domains
Portfolio Pulse from Happy Mohamed
Viasat Inc. (NASDAQ:VSAT) has received awards totaling over $80 million to develop Active Electronically Scanned Array (AESA) systems for ground, maritime, and space applications. The developments will allow Viasat's existing phased array technology to be extended and adapted to support defense operational environments and mission needs.
August 07, 2023 | 1:17 pm
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Viasat has received over $80 million in awards to develop AESA systems. This will enhance their existing technology and support defense needs.
The news of Viasat receiving over $80 million in awards for the development of AESA systems is directly related to the company and its operations. This development is likely to enhance their existing technology and support defense needs, which could potentially increase their market share and profitability in the future. Therefore, this news is expected to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100