ViaSat shares are trading higher after the company announced it received a 5-year $153 million contract from the Defense Information Services Agency to provide network services and support for the U.S. army project manager mission command blue force tracker program.
Portfolio Pulse from Benzinga Newsdesk
ViaSat shares rose following a 5-year, $153 million contract with the Defense Information Services Agency to support the U.S. army's blue force tracker program.
September 05, 2024 | 7:03 pm
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POSITIVE IMPACT
ViaSat's stock is trading higher after securing a significant 5-year, $153 million contract with the Defense Information Services Agency. This contract involves providing network services and support for the U.S. army's blue force tracker program.
The contract is a substantial addition to ViaSat's revenue stream, likely boosting investor confidence and positively impacting the stock price in the short term. The defense sector contract enhances ViaSat's market position and financial outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100