November 12, 2008
ViaSat Receives Contract Modification From Boeing for FAB-T Development
ViaSat Inc. (Nasdaq:VSAT) has received a subcontract modification from The Boeing Company (NYSE:BA) for the Family of Advanced Beyond-line-of-sight Terminals (FAB-T) program. As part of the Boeing team, ViaSat is developing protected communication equipment that is designed to provide the U.S. Government with secure strategic and tactical communications. This award, valued at just over $28 million, adds additional technical requirements and hardware units to the ViaSat subcontract.
ViaSat has completed two major FAB-T program deliveries. Prototype acceptance testing and delivery to the U.S. Air Force is complete as part of the Boeing team FAB-T terminal delivery. The engineering development model hardware and software have also been delivered to Boeing.
The Air Force FAB-T program is designed to provide a multi-mission capable family of terminals based on a common design and open system architecture to enable the terminals to communicate with different satellites. These radio systems enable information exchange between ground, airborne, and space platforms. Once operational, FAB-T is designed to provide critical, protected beyond line-of-sight communications for warfighters via the new Advanced Extremely High Frequency (Advanced EHF) System, a new class of secure military satellites. In subsequent increments, FAB-T is expected to enable interchange with other beyond line-of sight and national satellite communication systems.
About ViaSat (www.viasat.com)
ViaSat produces innovative satellite and other digital communication products that enable fast, secure, and efficient communications to any location. The company provides networking products and managed network services for enterprise IP applications; is a key supplier of network-centric military communications and encryption technologies to the U.S. government; and is the primary technology partner for gateway and customer-premises equipment for consumer and mobile satellite broadband services. The company owns five subsidiaries: US Monolithics, Efficient Channel Coding, Enerdyne Technologies, Intelligent Compression Technologies, and JAST. These companies design and produce complementary products such as monolithic microwave integrated circuits, DVB-S2 satellite communication components, video data link systems, data acceleration and compression products, and mobile satellite antenna systems. ViaSat has locations in Carlsbad, CA, and Duluth, GA, along with its Comsat Laboratories division in Germantown, MD. Additional field offices are located in Boston, MA, Baltimore, MD, Washington DC, Australia, China, India, Italy, and Spain.
Safe Harbor Statement
Portions of this release, particularly statements about the performance and deliveries of ViaSat products and technology, may contain forward-looking statements regarding future events and are subject to risks and uncertainties. ViaSat wishes to caution you that there are some factors that could cause actual results to differ materially, including but not limited to: contractual problems, product defects, manufacturing issues or delays, regulatory issues, technologies not being developed according to anticipated schedules, or that do not perform according to expectations; and increased competition and other factors affecting the telecommunications industry generally. In addition, please refer to the risk factors contained in ViaSat's SEC filings available at www.sec.gov, including without limitation, ViaSat's annual reports on Form 10-K and ViaSat's quarterly reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. ViaSat undertakes no obligation to update or revise any forward-looking statements for any reason.
Comsat Labs and Comsat Laboratories are tradenames of ViaSat, Inc. Neither Comsat Labs nor Comsat Laboratories is affiliated with COMSAT Corporation. "Comsat" is a registered trademark of COMSAT Corporation.