Global broadband services and technology company, ViaSat Inc. (VSAT - Free Report) recently won a sole-source contract in support of the U.S. Navy's joint Ultra High Frequency (“UHF”) military satellite communications (satcom) system from the Space and Naval Warfare Systems Command (SPAWAR).
This contract covers engineering, technical services and hardware/software products. Under the contract, ViaSat will help maintain and upgrade the joint UHF military satcom network integrated control system, UHF satcom channel controllers as well as user terminals. Additionally, ViaSat will enable a modern crypto design for next-generation UHF terminals.
Per SPAWAR, this award has a face value of $48,270,580, and is an indefinite-delivery/indefinite-quantity, firm-fixed-price, cost-plus-fixed-fee contract. It has a five-year ordering base period up to the contract award amount, with an option for another five-year ordering period.
This award will aid in preserving the long-term viability of proven UHF systems. It reflects the Navy's dedication to using verified UHF radios and channel controllers and diminishing risk with non-fielded communications systems, thus ensuring enhanced capabilities for the war fighter in the future.
ViaSat is a dominant player in UHF satellite communications for defense organizations, offering a range of services from single-user terminals to complete UHF sovereign channel control systems.
ViaSat’s Government Systems segment revenues have been growing steadily in recent times. In the company’s recently-reported first-quarter fiscal 2017 results, ViaSat’s Government Systems segment reported record revenues of $145.2 million. This was primarily fuelled by robust performance in government satellite communications systems products.
ViaSat currently carries a Zacks Rank #2 (Buy). Other stocks in the same space that are worth a look now include Motorola Solutions, Inc. (MSI - Free Report) , Clearfield, Inc. (CLFD - Free Report) and QUALCOMM Incorporated (QCOM - Free Report) , each holding the same rank as ViaSat.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Global broadband services and technology company, ViaSat Inc. (VSAT - Free Report) recently won a sole-source contract in support of the U.S. Navy's joint Ultra High Frequency (“UHF”) military satellite communications (satcom) system from the Space and Naval Warfare Systems Command (SPAWAR).
This contract covers engineering, technical services and hardware/software products. Under the contract, ViaSat will help maintain and upgrade the joint UHF military satcom network integrated control system, UHF satcom channel controllers as well as user terminals. Additionally, ViaSat will enable a modern crypto design for next-generation UHF terminals.
Per SPAWAR, this award has a face value of $48,270,580, and is an indefinite-delivery/indefinite-quantity, firm-fixed-price, cost-plus-fixed-fee contract. It has a five-year ordering base period up to the contract award amount, with an option for another five-year ordering period.
This award will aid in preserving the long-term viability of proven UHF systems. It reflects the Navy's dedication to using verified UHF radios and channel controllers and diminishing risk with non-fielded communications systems, thus ensuring enhanced capabilities for the war fighter in the future.
ViaSat is a dominant player in UHF satellite communications for defense organizations, offering a range of services from single-user terminals to complete UHF sovereign channel control systems.
ViaSat’s Government Systems segment revenues have been growing steadily in recent times. In the company’s recently-reported first-quarter fiscal 2017 results, ViaSat’s Government Systems segment reported record revenues of $145.2 million. This was primarily fuelled by robust performance in government satellite communications systems products.
ViaSat currently carries a Zacks Rank #2 (Buy). Other stocks in the same space that are worth a look now include Motorola Solutions, Inc. (MSI - Free Report) , Clearfield, Inc. (CLFD - Free Report) and QUALCOMM Incorporated (QCOM - Free Report) , each holding the same rank as ViaSat.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on QCOM - FREE
Get the latest research report on MSI - FREE
Get the latest research report on VSAT - FREE
Get the latest research report on CLFD - FREE