Viasat Grows Backlog 19% to $4.22 Billion as 2 New Satellites Near Service
Updated
Updated · ClearanceJobs · Aug 7
Viasat Grows Backlog 19% to $4.22 Billion as 2 New Satellites Near Service
3 articles · Updated · ClearanceJobs · Aug 7
Summary
$4.22 billion in backlog and $1.3 billion in awards marked Viasat’s fiscal first quarter, with free cash flow rising 19% to $72 million despite superficially weak results.
Two satellites are set to enter service within weeks—Flight 3 in Asia-Pacific by late August or early September, and Flight 2 by September—expanding coverage, efficiency and customer performance.
$524 million in Defense and Advanced Technologies orders, up 22% and a record, helped drive the gains after Viasat won a Space Force contract worth up to $4 billion in June.
That added capacity could help Viasat win more airline, maritime, corporate and government connectivity business, while management also sees AI-driven autonomy across land, sea and air as a demand catalyst.
Viasat's valuation looks cheap despite a massive $4.22 billion backlog, but what hidden risks lurk behind their 2029 Space Force promises?
With record defense contracts masking commercial space battles, is Viasat's multi-billion dollar pivot the ultimate hedge against LEO megaconstellations?
As autonomous systems demand unbreakable connectivity, can Viasat's new anti-jam military satellites truly secure the future of physical AI?