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Viasat Partners With Honeywell for In-Flight Connectivity
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Viasat, Inc. (VSAT - Free Report) and Honeywell International Inc. (HON - Free Report) have recently announced an extended partnership. As part of GoDirect Cabin Connectivity suite of services, Honeywell will offer Viasat's high-speed Ka-band in-flight Internet service to large and mid-cabin business jet customers. This will bring in new Internet service quality to the business aviation market.
Viasat's Ka-band service supports more passengers and devices simultaneously through all phases of flight. The company’s business aviation in-flight Internet service is likely to tap into the industry's highest-capacity, most reliable Ka-band satellite communications network. Also, it will use Viasat's business-class shipset — the Global Aero Terminal 5510.
Viasat has proved its mettle on more than 2,000 Viasat Ka-band equipped flights daily with comparable Internet speed and performance for business or pleasure.
Viasat's services will enable GoDirect customers to have business and entertainment even at 40,000 feet. They will be able to watch live streaming TV with minimal-to-no impact on the data plan while having high-speed in-flight Internet facility. Further, it will enable more business jet owners to be productive and access applications in densely populated airspace.
Viasat Ka-band shipsets will be available for business jet airframes in the second half of 2018.
Viasat continues to maintain a leading position in the satellite and wireless communications market. The company is eyeing opportunities to extend broadband satellite mobility to rotary wing aircraft, as it is a large addressable market that can emerge as a key profit churner.
However, in the past three months, shares of Viasat have underperformed the industry with an average loss of 12.8% compared with decline of 3% for the latter.
Motorola has an expected long-term earnings growth rate of 8%. It exceeded earnings estimates in each of the trailing four quarters, with an average of 12.1%.
Ubiquiti Networks has an expected long-term earnings growth rate of 18.6%. It exceeded earnings estimates thrice in the trailing four quarters, with an average of 8.9%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Viasat Partners With Honeywell for In-Flight Connectivity
Viasat, Inc. (VSAT - Free Report) and Honeywell International Inc. (HON - Free Report) have recently announced an extended partnership. As part of GoDirect Cabin Connectivity suite of services, Honeywell will offer Viasat's high-speed Ka-band in-flight Internet service to large and mid-cabin business jet customers. This will bring in new Internet service quality to the business aviation market.
Viasat's Ka-band service supports more passengers and devices simultaneously through all phases of flight. The company’s business aviation in-flight Internet service is likely to tap into the industry's highest-capacity, most reliable Ka-band satellite communications network. Also, it will use Viasat's business-class shipset — the Global Aero Terminal 5510.
Viasat has proved its mettle on more than 2,000 Viasat Ka-band equipped flights daily with comparable Internet speed and performance for business or pleasure.
Viasat's services will enable GoDirect customers to have business and entertainment even at 40,000 feet. They will be able to watch live streaming TV with minimal-to-no impact on the data plan while having high-speed in-flight Internet facility. Further, it will enable more business jet owners to be productive and access applications in densely populated airspace.
Viasat Ka-band shipsets will be available for business jet airframes in the second half of 2018.
Viasat continues to maintain a leading position in the satellite and wireless communications market. The company is eyeing opportunities to extend broadband satellite mobility to rotary wing aircraft, as it is a large addressable market that can emerge as a key profit churner.
However, in the past three months, shares of Viasat have underperformed the industry with an average loss of 12.8% compared with decline of 3% for the latter.
Viasat currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry are Motorola Solutions, Inc. (MSI - Free Report) and Ubiquiti Networks, Inc. , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Motorola has an expected long-term earnings growth rate of 8%. It exceeded earnings estimates in each of the trailing four quarters, with an average of 12.1%.
Ubiquiti Networks has an expected long-term earnings growth rate of 18.6%. It exceeded earnings estimates thrice in the trailing four quarters, with an average of 8.9%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>