CARLSBAD, Calif., Dec. 11, 2013 /PRNewswire/ -- The U.S. government has awarded ViaSat Inc. (Nasdaq:VSAT) a development contract for Block Upgrade 2 (BU2) hardware and software upgrades to its Multifunctional Information Distribution System-Low Volume Terminals (MIDS-LVT) Link-16 terminals, valued at $33,469,487 with options of $5,713,160. The order resulted from a solicitation from Space and Naval Warfare Systems Command (SPAWAR). The order adds new functionality to the MIDS-LVT system fleet worldwide.
"This order reflects the government commitment to maintaining the long-term viability of the MIDS-LVT radios deployed worldwide, ensuring continued Link-16 data link capability for the warfighter many years into the future," said Dr. Jay Kaufman, general manager, ViaSat Tactical Data Links.
MIDS-LVT forms the backbone of the Link-16 network across the U.S. DoD and the international coalition. Core terminal functions include Link-16 data as well as secure voice with TACAN capabilities on selected terminals.About ViaSat ( www.viasat.com) ViaSat creates satellite and other wireless networking systems that efficiently deliver the most bandwidth for fast, secure, and high-quality communications to any location for consumers, governments, enterprises, and the military. The company offers fixed and mobile satellite network services including Exede ® by ViaSat, which features ViaSat-1, the world's highest capacity satellite; service to more than 2,300 mobile platforms, including Yonder ® Ku-band mobile service; satellite broadband networking systems; and network-centric military communication systems and cybersecurity products for the U.S. and allied governments. ViaSat also offers communication system design and a number of complementary products and technologies. Based in Carlsbad, California, ViaSat employs over 2,900 people in a number of locations worldwide for technology development, customer service, and network operations. Forward-Looking Statements This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements that refer to ensuring Link-16 data link capability for many years into the future. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: negative audits by the U.S. government; continued turmoil in the global business environment and economic conditions; delays in approving U.S. government budgets and cuts in government defense expenditures; ViaSat's reliance on U.S. government contracts, and on a small number of contracts which account for a significant percentage of ViaSat's revenues; changes in relationships with, or the financial condition of, key customers or suppliers; reliance on a limited number of third parties to manufacture and supply ViaSat's products; increased competition and other factors affecting the communications and defense industries generally; the effect of adverse regulatory changes on ViaSat's ability to sell products and services; and ViaSat's dependence on a limited number of key employees. In addition, please refer to the risk factors contained in ViaSat's SEC filings available at www.sec.gov, including ViaSat's most recent Annual Report on Form 10-K and 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. Exede and Yonder are registered trademarks of ViaSat Inc.
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