Movement Alert｜Viasat Rises 5.06% in Regular Trading, Marine Corps Task Order Boosts Satellite Services

Market Focus

14 hours ago

On October 7, Viasat rose 5.06% in regular trading, reaching $73.36 per share, with turnover of $76.32 million.

The move follows news that Viasat's Inmarsat Government unit secured an initial $42 million task order under a seven-year US Marine Corps satellite communications contract with a ceiling of $307 million. The contract covers fully managed global satellite services, providing multi-orbit connectivity across L-, Ku- and Ka-bands, and expands existing Marine Corps SATCOM services to support land, air and sea operations.

The announcement comes amid a series of company developments including the ViaSat-3 F2 satellite entering service across the Americas and the ViaSat-3 F3 satellite entering service across Asia-Pacific, completing the ViaSat-3 constellation and tripling bandwidth across Viasat's global fleet.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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