Corporate

New Tampa Office to Serve Growing Government and Defense Information Assurance Customers

viasat — Wed, 09 Jul 2008 08:06:47 -0700

ViaSat Inc. is opening a new office in Tampa, Florida to support the ongoing demand for the company’s government information assurance products and services. Employees began moving into the new office, ViaSat’s 11th office location in the United States, in June. An open house is planned for late summer.

The new office will occupy 6,000 square feet at 5550 W. Idlewild Ave in the TIA Airport Area, the western anchor of the Florida High Tech Corridor. The other ViaSat office in the Southeast is located in Duluth, Georgia, and is home to the company’s Commercial Satellite Networks group.

“We made a strategic decision to expand in the Southeast to help serve our growing base of government and military information security clients and partners,” said Mark Dankberg, CEO and chairman of ViaSat. “Tampa is an ideal location for us because it is close to ViaSat customers and the region is a strong source of experienced engineers with Type 1 security clearances. We have been very successful in locating offices in areas that coincide with the opportunities we see in our markets. Our Tampa office follows that model, and will add another level of information security expertise for our customers.”

“Tampa is a great location to work, live, and attract top engineering talent – with four major universities in the Central Florida region,” said Fred Rhyne, director of the ViaSat Tampa office. “Our Information Assurance business is one of our fastest growing and we have set aggressive hiring goals to meet demand, including adding senior software and hardware system engineers and senior engineering managers. We are planning to hire up to 20 high-level employees by the end of the year and expect to grow this operation as we continue to invest in, and expand, our information assurance business.”

ViaSat is internationally recognized for its superior record of growth and performance:

#90 in the Forbes 200 Best Small Companies
Ranked #77 on the 2008 Washington Technology Top 100 Government IT Contractors
2008 Best Places to Work in San Diego by the San Diego Business Journal
2008 American Institute of Aeronautics and Astronautics (AIAA) Aerospace International Communications Award toCEO, chairman, and co-founder Mark Dankberg foroutstanding contributions in the field of aerospace communications

ViaSat AltaSec® information assurance products protect data on classified defense, government, and homeland security networks with powerful, programmable encryption technology, compliant with the HAIPE® IS encryption standard. The company’s product line includes the KG-250 Inline Network Encryptor (INE), the first NSA-certified Foreign Interoperable (FI) HAIPE encryptor on the market.

ViaSat is working programs to embed its programmable information assurance technology into a variety of radios and terminals as well. Examples include work as part of the Boeing team working on the Family of Advanced Beyond-line-of-sight Terminals (FAB-T) program and development of the cryptographic subsystem for the Multifunctional Information Distribution System (MIDS) Joint Tactical Radio System (JTRS). In addition, the company is working with the Air Force to design and develop the next generation Telemetry, Tracking, and Control (TT&C) cryptographic unit, a product that can replace a dozen different legacy TT&C encryptors with a single, reprogrammable device.

The company is also developing “data at rest” security products and was selected last year by the National Security Agency (NSA) to manufacture its KG-200 and KG-201 In-Line Media Encryptors (IMEs) and to develop the next generation of high assurance storage media security products. These IME products will be introduced to the market later this year.

Visit our ViaSat Careers page for more information about employment opportunities.

Team ViaSat Takes Third Place Finish in 2008 Race Across America

viasat — Wed, 11 Jun 2008 10:03:45 -0700

Team ViaSat finished third in the 8-person Team division of the RAAM 2008 cross-country bicycle race . After a sendoff at ViaSat June 11, the team began the race at 2:00 p.m. PDT. The race continued day and night over the weekend until finishing in Annapolis, MD.

The team of Kevin Hunter, John Tyner, Ken Larson, Jeffery High, Dan Uglietta, Greg Nesler, Jeremy Gustin and Brad Exmeyer pulled into Annapolis, Maryland Tuesday, June 17 after riding 3,015 miles in 5 days, 20 hours and 16 minutes; an overall average of 21.46 miles per hour.

See more images, videos and coverage of RAAM and Team ViaSat on the RAAM website.

CEO and Chairman Mark Dankberg Recipient of 2008 AIAA Aerospace International Communications Award

viasat — Mon, 09 Jun 2008 07:54:05 -0700

ViaSat Inc. CEO and Chairman Mark Dankberg has been named the recipient of the American Institute of Aeronautics and Astronautics (AIAA) Aerospace International Communications Award for 2008. The award recognizes outstanding contributions in the field of aerospace communications. This year the award singled out Mr. Dankberg “for shepherding ViaSat into a leading satellite communications company through outstanding leadership and technical expertise.” The award has a rich history of recognizing the accomplishments of pioneers in the satellite and communications field.

“I’m honored to receive this award from AIAA,” said Mr. Dankberg. “It’s a reflection of the hard work, creativity and contributions that all of our employees have made to ViaSat and the aerospace industry as a whole. We thrive on innovation and especially appreciate being recognized in this way by the AIAA.”

Mr. Dankberg is a co-founder of ViaSat and has served as Chairman and CEO since inception. ViaSat has a history of more than 20 years in technology leadership and innovation in the satellite and aerospace industry. The company has played a principal role in developing several key technologies:

Demand Assigned Multiple Access networking standards, network management, and subscriber terminals
Software defined radios and modems; anti-jam tactical data links
High Assurance Internet Protocol Encryption (HAIPE) standards and equipment
Dynamic Bandwidth Resource Allocation
Internet Router In Space on-board modem processing
Application of spread spectrum Ku-band to broadband for aviation, maritime, and land mobile services
Ground Based Beam Forming (GBBF) for Mobile Satellite Services
Development of new open standards for defense satellite & terrestrial communication systems at UHF, L, X, Ku and Ka-bands
Creating the network, system, modem, and RF technology needed to open the Ka-band to mass market two-way communication services

Now ViaSat is working with partners Loral Space and Communications, Telesat, and Eutelsat to develop space and ground technology that can transform the satellite industry’s ability to deliver cost-effective broadband services. Its ViaSat-1 satellite will host payloads serving the U.S. and Canada and deliver over 100 Gbps of two-way broadband connectivity. ViaSat is also developing next generation ground networking equipment that will serve North American and European markets with unprecedented consumer-priced access speeds and bandwidth volumes. Together, the space and ground systems provide more than an order of magnitude in improvement in data throughput compared to current state-of-the-art satellites.

Mr. Dankberg will receive the award during the June 11, 2008 awards luncheon in conjunction with the 26th AIAA International Communications Satellite Systems Conference (ICSSC) at the Marriott Hotel and Marina in San Diego California.

Headquartered in suburban Washington, DC, the American Institute of Aeronautics and Astronautics (AIAA) (www.aiaa.org) serves over 35,000 members in 65 regional sections and 79 countries. AIAA membership is drawn from all levels of industry, academia, private research organizations, and government and focuses on emerging technologies in aviation, space and defense. For information on the AIAA Honors and Awards Program, contact Carol Stewart at 703/564-7623.

Forward-Looking Statements

This press release contains forward-looking statements that are entitled to the protection of the safe harbor contained in the Private Securities Litigation Reform Act. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which ViaSat operates and the beliefs and assumptions of ViaSat. In this press release, these forward-looking statements include, among others, statements regarding the performance of the ViaSat-1 satellite; and the anticipated benefits of the satellite project. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. Accordingly, actual results could differ materially from those expressed in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, the ability to realize the anticipated benefits of the ViaSat-1 satellite; pricing pressures and actions taken by competitors; satellite failures or degradations in satellite performance; difficulties in obtaining regulatory approvals; and unexpected expenses related to the project described herein. 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.

Tom Moore Appointed Senior Vice President and President of ViaSat-1 Satellite Initiative

Fri, 08 Feb 2008 00:00:00 -0800

WildBlue Co-Founder and Former CEO to Lead ViaSat Ka-band Broadband Venture

Carlsbad, CA – ViaSat Inc. (Nasdaq: VSAT) announced today that it has appointed Tom Moore as Senior Vice President of the company and President of the recently announced ViaSat-1 Ka-band broadband satellite initiative, effective immediately. Mr. Moore, a co-founder, director and former president and CEO of WildBlue Communications, will lead ViaSat’s ViaSat-1 Ka-band broadband satellite initiative.

Announced in January, ViaSat-1 is expected to be the world’s highest capacity and most cost efficient broadband satellite. With the market demonstrating high demand for satellite broadband services, ViaSat-1 is designed to significantly expand the quality, capability, and availability of high-speed broadband satellite services for U.S. and Canadian consumers and enterprises. Compared to current Ka-band broadband satellites, the ViaSat-1 satellite, optimized to work in conjunction with the next generation ViaSat SurfBeam® satellite DOCSIS® networking system, is expected to increase the amount of Ka-band satellite capacity by more than a factor of 10.

ViaSat-1 is the North American counterpart to Eutelsat’s recently announced KA-SAT, a high capacity Ka-band broadband satellite for Europe, with a launch planned in 2010. ViaSat and Eutelsat are cooperating closely around ViaSat’s Ka-band SurfBeam networking system and a common wholesale business model to offer service through ISPs, telecommunication companies, and direct-to-home television providers. Both projects are focused on providing satellite and teleport infrastructure. The aggregate U.S., European, and Canadian coverage is projected to serve as many as 4 million satellite subscribers with unprecedented speeds and internet media capabilities – creating powerful economies of scale.

“Tom is a true visionary in the satellite broadband industry. His instrumental role in bringing WildBlue from concept to reality – including satellite design, procurement, financing, strategic partnerships, ground networking, launch and distribution relationships – makes him a great choice to lead our ViaSat-1 team,” said Mark Dankberg, CEO and chairman of ViaSat. “In addition to his vast expertise and enthusiasm for our Ka-band initiatives, his appointment demonstrates our commitment to operate this important venture with dedicated resources that enable us to execute well, while also maintaining focus on our core businesses.”

“My passion has always been in the creation of innovative technology and the application of that technology to significant market opportunities,” said Moore. “Working with Mark and the ViaSat team to develop this transformational, next generation platform for satellite broadband is not only necessary for the industry, but also a very exciting opportunity for me personally.”

Dankberg added, “On a personal level, I’ve known and worked with Tom for almost a decade and have always admired his ability to successfully see and bring ideas and businesses to market. Our history together on the DOCSIS standard exemplifies our close working relationship and the success we’ve had together. With Tom joining our company, we are very eager to get him immersed in this project.”

In 1998, Mr. Moore co-founded WildBlue Communications, the direct to home Internet by satellite provider. He served as president, CEO and director of the company from 1998 until 2005, and continues his involvement today on its board of directors. Under his tenure, WildBlue raised over half a billion dollars, built and launched its own special purpose satellites, and deployed a nationwide consumer service that continues to grow and attract new users.

Most recently, Mr. Moore served as a principal at TimesArrow, a telecommunications and technology venture firm located in Denver, Colorado. As part of his role supporting the firm’s investments, he serves in senior management positions in its portfolio companies including, president, CEO, and director of WaveBender, Inc., an innovative flat panel antenna technology company. Mr. Moore is also on the board of the Telecommunications Program at University of Colorado and serves as a founding member of the Colorado Governor’s Innovation Council. In addition, he was previously in senior management at Cable Television Laboratories (CableLabs), a non-profit technology development consortium of the cable industry where he was instrumental in the creation of the world-wide DOCSIS cable modem standard.

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. The Company refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in the Company's Form 10-K, which contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readersThis press release contains forward-looking statements that are entitled to the protection of the safe harbor contained in the Private Securities Litigation Reform Act. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and our beliefs and assumptions . In this press release, these forward-looking statements include statements regarding our expected future business, ViaSat-1, and the anticipated performance of the satellite system and accompanying services. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. Accordingly, actual results could differ materially from those expressed in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include the ability to realize the anticipated benefits of the ViaSat-1 satellite system; construction delays and cost overruns; launch or satellite failures; degradations in satellite performance; and difficulties in obtaining regulatory approvals. In addition, please refer to the risk factors contained in our SEC filings available at www.sec.gov, including without limitation, our annual reports on Form 10-K and our quarterly reports on Form 10-Q. Readers are cautioned not to place undue reliance on theseany forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements for any reason.

SurfBeam is a registered trademark of ViaSat.
DOCSIS is a registered trademark of Cable Television Laboratories Inc.
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.

ViaSat to Acquire JAST Antenna Systems

Tue, 24 Jul 2007 00:00:00 -0700

Will add new mobile satellite antenna products and technology to ViaSat portfolio

Carlsbad, CA – ViaSat Inc. has agreed to acquire privately-held JAST Antenna Systems. JAST develops microwave circuits and antennas for terrestrial and satellite applications, specializing in small, low-profile antennas for mobile satellite communications.

Terms of the transaction include an initial purchase price of approximately $2.0 million and additional consideration of up to $4.5 million to be paid in cash and/or stock based on JAST meeting certain financial performance and technology development targets over the next two years. The acquisition is expected to have no material impact to ViaSat non-GAAP (pro forma) earnings during the next twelve months. However, ViaSat has not completed its valuation analysis and, accordingly, has not determined the impact to GAAP earnings. The acquisition is expected to be completed within 30 days.

“ViaSat has been working on a number of attractive market opportunities in mobile satellite and terrestrial communication markets,” said Mark Dankberg, ViaSat chairman and CEO. “JAST has expertise, innovative technology, and market relationships that improve our competitive position in these markets. And, their location in Switzerland can help us better support our European partners and initiatives.”

“Becoming part of ViaSat opens up many new possibilities for our antenna technologies and the strong complementarity of the technologies will strengthen our position in the worldwide market,” said Ferdinando Tiezzi, JAST managing director. “We share a common culture of innovation and vision in the future of mobile satellite communications. The new strength this merger brings us will be especially valuable in further advancing our mobile antenna technology and capturing market share going forward.”

About JAST www.jast.ch
JAST provides innovative low-profile antennas for in-motion satellite telecommunications ranging from L-band to Ku-band. Based on phased array technology, JAST products connect Retail, Enterprise, Governmental and Military costumers to global satellite networks. The Company has core competencies in the development of innovative microwave circuits and antennas for terrestrial and satellite applications. JAST engineering and manufacturing expertise allows to provide customers high quality products and services with the highest Swiss excellence. JAST is based in Lausanne (Switzerland) and has been founded as a Spin-off of the Laboratoire d’Électromagnétisme et d’Acoustique (LEMA) of the Swiss Federal Institute of Technology of Lausanne (EPFL). JAST is involved in several ambitious research programs for the development of innovative systems in the field of satellite communication at European level.

ViaSat Seeks FCC Approval for New Ka-band Satellite, Space News

Fri, 23 Feb 2007 00:00:00 -0800

WASHINGTON — ViaSat Corp., a provider of satellite communications terminals, is thinking about moving up the food chain. The Carlsbad, Calif., company is asking the U.S. Federal Communications Commission (FCC) to license a Ka-band broadband satellite as one way of addressing what ViaSat Chief Executive Mark Dankberg said is an ongoing shortage of Ka-band capacity in orbit.

“What we are about is creating a market,” Dankberg said Feb. 22 in explaining the company’s decision to seek a license for its own satellite. “The lack of capacity constrains the market, and right now there is not enough capacity. People want more bits at the lowest cost. It’s as simple as that. What we are looking at is: How do we create that market? We are seriously exploring every opportunity to create capacity.”

ViaSat also announced it has acquired Intelligent Compression Technologies Inc. (ICT) of Quincy, Mass., in a transaction initially valued at approximately $20 million.

The purchase price includes approximately $6.5 million in cash and more than 400,000 shares of ViaSat stock. The transaction ultimately could be worth up to $34.3 million if ICT meets financial performance targets in the next two years.

ViaSat Acquires Intelligent Compression Technologies

Tue, 20 Feb 2007 00:00:00 -0800

IP data acceleration technologies will complement ViaSat networking products

Carlsbad, CA – ViaSat Inc. (Nasdaq:VSAT) has acquired privately-held Intelligent Compression Technologies Inc. (ICT). ICT provides corporations, internet service providers (ISPs), and satellite/wireless carriers with patented data compression techniques, advanced transport protocols, and application optimization to substantially increase the speeds of either narrowband or broadband terrestrial, wireless, or satellite services.

Terms of the transaction include an initial purchase price of approximately $20 million (comprised of approximately $6.5 million of cash and approximately 416,727 shares of ViaSat common stock) and additional consideration of up to $34.3 million to be paid in cash and/or stock based on ICT meeting certain financial performance targets over the next two years. The acquisition is expected to have no material impact to ViaSat non-GAAP (pro forma) earnings during the next twelve months. However, ViaSat has not completed its valuation analysis and, accordingly, has not determined the impact to GAAP earnings.

“This acquisition complements virtually all of our satellite and data link networks with leading edge compression and acceleration technologies,” said Mark Dankberg, ViaSat chairman and CEO. “We’ve found that the ICT Accelenet family of products substantially speeds web browsing and accelerates leading office applications, while simultaneously reducing network congestion. These benefits can extend to any of our consumer, enterprise, or government customers.”

“ViaSat has a technology and business culture where our business and people can thrive, and there are many opportunities for us to successfully grow our business while also applying our talents to give ViaSat products an additional advantage in the marketplace,” said Michael Slygh, president of ICT.

Intelligent Compression Technologies is a privately-held company based in Quincy, Massachusetts. ICT began as a supplier of data compression software which was embedded into software products of licensees including industry leaders in new media software for accelerating traffic over wired and wireless networks. The company’s primary product, AcceleNet™, is a WAN/wireless data acceleration product that optimizes Web and email applications over slow or long-latency data links.

Vice President of Operations Retires

Mon, 29 Jan 2007 00:00:00 -0800

Mr. Kevin Harkenrider promoted to Vice President of Operations

Carlsbad, CA - ViaSat Inc. (Nasdaq:VSAT) announced that Mr. Robert Barrie has resigned his position as vice president of operations in connection with his planned phased retirement.

"We are very grateful to Bob for his tremendous contribution to ViaSat over the past ten years and his participation in building a successful operations organization,” said Mark Dankberg, ViaSat chairman and chief executive officer.

Mr. Kevin Harkenrider will succeed Mr. Barrie in the Vice President of Operations position. Mr. Harkenrider joined ViaSat in October 2006 as director of operations and most recently served in an executive role at Computer Sciences Corporation (CSC). Previously, Mr. Harkenrider also held several positions at the Mission Solutions division of BAE Systems, including vice president and program director, vice president–operations, and vice president–material.

Forbes Names ViaSat One of 200 Best Small Companies in America

Thu, 19 Oct 2006 00:00:00 -0700

Forbes has again ranked ViaSat as one of the Forbes 200 Best Small Companies for 2006. The list is aimed at finding the best "small, but growing, businesses designed to survive the ups and downs of market volatility" in America.

ViaSat Acquires Enerdyne Technologies Inc.

Wed, 21 Jun 2006 00:00:00 -0700

Acquisition Expands ViaSat Technology and Products In Growing Markets for Video Data Links

Carlsbad, CA � ViaSat Inc., a satellite and wireless communication technology provider to government and commercial markets, has acquired Enerdyne Technologies Inc., a privately-held provider of innovative video data link equipment and digital video systems for defense and intelligence markets, primarily for unmanned aerial vehicle (UAV) applications. The acquisition will combine ViaSat expertise and technology with Enerdyne�s successful video data link business to expand ViaSat�s offerings into growing Department of Defense (DoD) markets for persistent video surveillance and video data links.

Terms of the acquisition include initial consideration of approximately $17.0 million (approximately $16.4 million in ViaSat common stock and $600,000 in cash) with additional consideration of approximately $8.7 million to be paid in common stock and/or cash based on Enerdyne meeting certain financial performance targets within the next four years. In the first year, the acquisition is expected to be non-dilutive to non-GAAP earnings, which excludes the effects of acquisition charges related to the amortization of intangible assets and the expense impact associated with FAS123R, for ViaSat. However, ViaSat has not completed its valuation analysis and, accordingly, has not determined the impact to GAAP earnings.

�Enerdyne has strong leadership and an excellent technical staff that has built a successful business by innovating new products and services to help solve complex defense intelligence issues. We are really excited about adding the capabilities of that team to ViaSat,� said Mark Dankberg, ViaSat chairman and CEO. �The acquisition represents a unique opportunity to complement their products with our technology and deliver additional video products to our defense clients.�

�We�ve worked hard to develop the kind of video data links that our armed forces need, and with ViaSat as our corporate parent, we feel confident that we now have the market presence and backing required to satisfy the demand for this equipment,� said Brandon Nixon, Enerdyne CEO. �We�re thrilled to become part of a company with ViaSat�s capability and reputation.�

Since its inception in 1984, Enerdyne www.enerdyne.com has provided military-qualified video compression systems for intelligence, surveillance, and reconnaissance (ISR) applications. In recent years, Enerdyne has expanded its product offering to provide highly integrated video data link equipment for the Special Operations Forces and Intelligence (SOF/I) market, the UAV industry, and other DoD applications. The EnerlinksIITM video data link simultaneously transmits video, data, and audio from multiple sensor sources with high bandwidth efficiency and outstanding link performance. Its size, weight and power consumption make this system especially well matched for Tier II UAV applications. EnerlinksII is network ready and disseminates and manages ISR content over any IP network using the EnerViewTM client software. Enerdyne products are ideally suited for the net-centric warfare concept of today�s military, in which the dissemination of video and other imagery to ground vehicles, foot soldiers, or air platforms is a critical requirement.

Enerdyne government programs include contracts directly with the Department of Defense and other subcontracts with major U.S. defense companies such as Lockheed Martin, L3, and DRS, and international firms such as Tadiran and Rafael. Enerdyne employs 53 people and is based in El Cajon, California (east San Diego County).

Safe Harbor Statement
Portions of this release 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: difficulty in integrating the Enerdyne businesses and operations in an efficient and effective manner; challenges in achieving strategic objectives, cost savings and other benefits expected from the acquisition; the risk our markets do not evolve as anticipated and the technologies acquired do not prove to be those needed to be successful in those markets; the potential loss of key employees of the acquired businesses; the risk of diverting the attention of senior management from the operations of our business; the risks of potential disputes concerning indemnities and other obligations that could result in substantial costs and further divert management�s attention and resources; contractual problems; regulatory issues; manufacturing issues; problems with suppliers and subcontractors; and technologies not being developed according to anticipated schedules, or that do not perform according to expectations. The company refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in the company's 2006 Form 10-K, which contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements.

Contract from Boeing for Ground Based Beam Forming System for Mobile Satellite Ventures

Tue, 04 Apr 2006 00:00:00 -0700

New technology helps make mobile satellite devices much more mobile

Germantown, MD - ViaSat Inc. (NASDAQ: VSAT) has been awarded an initial contract valued at approximately $57 million with options for an additional $15 million by Boeing (NYSE:BA) to develop a ground-based beam forming (GBBF) system for a new mobile communication network covering North America. The beam forming system will operate with Boeing�s new MSV satellites, being provided for Mobile Satellite Ventures (MSV). The MSV network is designed to deliver advanced voice and data services via a seamless satellite/terrestrial hybrid architecture into devices that are virtually identical to today�s cell phone handsets in terms of aesthetics, cost, function and mobility.

ViaSat will supply Boeing with GBBF processors, Calibration Earth Stations, and the control and management subsystem for the three satellite networks.

ViaSat�s ground-based beam forming system creates hundreds of small, flexible, adaptive �spot� beams on the earth that allow mobile handsets to communicate directly with the satellite with smaller antennas, higher speeds, and better performance than ever before. While the beams are projected to the earth by the satellites, the actual beam shaping signal processing is done in the ground system and allows MSV to optimize the use of frequency spectrum shared between the satellite and terrestrial cellular towers. MSV holds a number of patents for integrating satellite and Ancillary Terrestrial Component (ATC) resources into a seamless mobile network combining the ubiquity of satellite with the convenience and indoor coverage of conventional cellular networks.

Stephen T. O�Neill, president, Boeing Satellite Systems International, Inc. said, �This contract provides technologies to help ensure the success of the advanced MSV hybrid mobile telecommunications network. The ground-based beam-forming technology allows for a lighter, more efficient satellite, and keeping the technology on the ground instead of in orbit means we can upgrade the system as the technology advances.�

�GBBF is a very strategic technology for substantially enhancing the performance and capacity of spot beam satellites. And, the combination of GBBF with MSV ATC technology offers a powerful new platform for hybrid space/ground delivery of advanced mobile digital services of all types,� said Mark Dankberg, chairman and CEO of ViaSat. �We are delighted to be working with Boeing and MSV on this state-of-the-art mobile system.�

�This GBBF program creates a tremendous new technology platform at Comsat Labs,� said Dr. Prakash Chitre, VP and general manager, of the Comsat Labs Division of ViaSat, which is leading ViaSat�s efforts. �The Labs has a long history of inventing and deploying new satellite communications technologies. We believe that GBBF, and our relationships with Boeing and MSV, will help foster other new and important satellite networking advances in the future.�

About Comsat Labs
Comsat Labs is celebrating nearly four decades of pioneering leadership in satellite communications. Acquired by ViaSat in 2001 from Lockheed Martin, Comsat Labs was established with the charter to perform leading-edge research and development in support of the global satellite communications system and now owns an extensive portfolio of patents. Technologies covered by these patents include satellite networking, modems, coding, voice and video encoding, IP and ATM via satellite, satellite ground terminals, onboard processing, advanced satellite design, and antennas.

Safe Harbor Statement
Portions of this release, particularly statements about the performance and delivery of ViaSat products, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. ViaSat wishes to caution you that there are some factors that could cause actual results to differ materially from historical results or from any results expressed or implied by such forward-looking statements, including but not limited to: ViaSat�s ability to perform under existing contracts; changes in product supply, pricing and customer demand; changes in relationships with, or the financial condition of, customers or suppliers; changes in government regulations; changes in economic conditions globally and in the communications markets in particular; increased competition; potential product liability; infringement and other claims; and other factors affecting the communications industry generally. ViaSat refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Factors That May Affect Future Performance in ViaSat�s Form 10-Ks and subsequent Form 10-Qs. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements.

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.

ViaSat Recognized as a Red Herring Small Cap 100

Mon, 19 Dec 2005 00:00:00 -0800

Company Continues to Drive Growth Through Ongoing Innovation

Carlsbad, CA � Red Herring magazine has selected ViaSat as one of the inaugural Red Herring Small Cap 100. The editors of Red Herring evaluated over 2,500 technology companies from North America, Europe, and the Asia-Pacific region for the award.

The Red Herring Small Cap 100 were selected for their innovative technology and smart business models that nurture growth and profitability. Red Herring�s Innovation Index, global perspective, and provocative outlook on the technology landscape make this list a unique tool for technology and financial executives.

�The winners on this list are the most competitive, the most innovative, and the most promising technology companies in the small-cap segment. We hope that the Red Herring Small Cap 100 list will shine the light on them that they deserve," said Joel Dreyfuss, Editor-in-Chief of Red Herring magazine.

�We are honored to be recognized by Red Herring and selected to the Red Herring Small Cap 100 list,� said Mark Dankberg, ViaSat chairman and CEO. �This recognition clearly acknowledges our strategy of driving innovation and developing next generation technologies across both our commercial and defense businesses. I thank all ViaSat employees for their hard work and dedication and congratulate them on a well-deserved achievement.�

The award ceremony for the Small Cap 100 was held during the Red Herring Fall 2005 conference, December 13th-15th in San Francisco, California. All award winners were profiled in issue #47 of Red Herring magazine, on sale December 12th, which also contains Red Herring�s Top 10 Trends for 2006. The full list can also be viewed at the Red Herring web site.

Antenna Systems and VSAT Networks Complete Move To New Facility

Tue, 13 Dec 2005 00:00:00 -0800

Duluth, GA � The VSAT Networks and Antenna Systems divisions of ViaSat have completed a move to a new 15.5-acre campus Northeast of Atlanta, Georgia. The campus includes two buildings totaling 143,000 square feet that accommodate engineering, manufacturing, test and operations, along with other management and administrative personnel, plus an outdoor antenna integration and test area.

The new development occupies 12 acres of the site with another 3.5 acres reserved for expansion. One 63,000 square foot building at the front of the site will house engineering, management, sales, and marketing personnel, along with other general office space. Another 80,000 square foot building contains manufacturing operations for both business groups. An outdoor antenna staging area will enable complete build-up and test of antenna systems.

The new site is located on the I-85 corridor near Highway 316 and Boggs Road in Duluth, Georgia, at 1725 Breckenridge Plaza. All phone numbers remain the same.

Acquisition of Efficient Channel Coding Complete

Thu, 01 Dec 2005 00:00:00 -0800

Carlsbad, CA � ViaSat Inc. (Nasdaq: VSAT), a satellite and wireless communication technology provider to government and commercial markets, has completed the acquisition of privately-held Efficient Channel Coding Inc. (ECC), a producer of broadband communication integrated circuits and satellite communication systems. Terms of the deal include initial consideration of approximately $16.5 million and the assumption of certain stock options as well as $9.0 million of additional consideration to be paid in cash and/or stock based on ECC meeting certain financial performance targets over the next two years.

With the purchase, announced November 21, ViaSat increases its depth in the new S2 version of the DVB-RCS satellite broadband standard and becomes the supplier of modem chips for the Asian IPSTAR spot-beam satellite system. The acquisition is expected to be immediately non-dilutive to pro forma or non-GAAP earnings for ViaSat. However, the Company has not completed its valuation analysis and, accordingly, has not determined the impact to GAAP earnings.

About Efficient Channel Coding (www.efficientchannelcoding.com)
Founded in 1996, Efficient Channel Coding (ECC) is an innovator in satellite communication components and systems and provides real world digital communication systems for some of the world�s most advanced communication networks. ECC products are designed to increase the efficiency of today�s advanced satellite, wireless and wire-line communication systems. With 55 employees based in Cleveland, Ohio, ECC was formed by two local Ohio engineers out of Case Western University and Cleveland State University.

Safe Harbor Statement
Portions of this release 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: difficulty in integrating the ECC businesses and operations in an efficient and effective manner; challenges in achieving strategic objectives, cost savings and other benefits expected from the acquisition; the risk our markets do not evolve as anticipated and the technologies acquired do not prove to be those needed to be successful in those markets; the potential loss of key employees of the acquired businesses; the risk of diverting the attention of senior management from the operations of our business; the risks of potential disputes concerning indemnities and other obligations that could result in substantial costs and further divert management�s attention and resources; contractual problems; regulatory issues; manufacturing issues; problems with suppliers and subcontractors; and technologies not being developed according to anticipated schedules, or that do not perform according to expectations. The Company refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Factors That May Affect Future Performance in the Company's Form 10-K, which contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements.

Comsat Labs and Comsat Laboratories are trade names of ViaSat Inc. Neither Comsat Labs nor Comsat Laboratories is affiliated with COMSAT Corporation. �Comsat� is a registered trademark of COMSAT Corporation.

Efficient Channel Coding Acquisition

Mon, 21 Nov 2005 00:00:00 -0800

Carlsbad, CA � ViaSat Inc. (Nasdaq: VSAT), a satellite and wireless communication technology provider to government and commercial markets, has reached an agreement to acquire privately-held Efficient Channel Coding Inc. (ECC), a producer of broadband communication integrated circuits and satellite communication systems. With this purchase ViaSat will increase its depth in the new S2 version of the DVB-RCS satellite broadband standard and will become the supplier of modem chips for the Asian IPSTAR spot-beam satellite system. The transaction is subject to customary closing conditions and is expected to be completed in the current quarter.

Terms of the deal include an initial cash purchase price of approximately $16.5 million, assumption of certain stock options with a value determined at closing and additional consideration of approximately $9.0 million to be paid in cash and/or stock based on ECC meeting certain financial performance targets over the next two years. The acquisition is expected to be immediately non-dilutive to pro forma or non-GAAP earnings for ViaSat. However, the Company has not completed its valuation analysis and, accordingly, has not determined the impact to GAAP earnings.

�We are very pleased to be joining with ECC,� said Mark Dankberg, ViaSat chairman and CEO. �ECC has been a highly respected source of innovation in satellite networks for a number of years. Their significant role in the IPSTAR system, and the emerging S2 version of DVB-RCS, as well as their exceptional capability in digital chip design are all strong complements to ViaSat�s current satellite broadband business.�

�Joining ViaSat is the perfect opportunity to take our business to the next level, and work closely with proven, experienced industry leaders,� said Mark J. Vanderaar, ECC co-founder and CEO. �There are immediate tangible benefits to this deal for both companies, including the synergies of our commercial and government communication products. Just as important, we�ll be able to further identify needs of the market together, and address them across different ViaSat businesses.�

ECC is an innovator in satellite communication components and systems including some of the first and most advanced products featuring the new DVB-S2 standard. DVB-S2 is the latest advance in transmission technique from the Digital Video Broadcasting Project industry consortium (www.dvb.org) and features a variety of technology enhancements over the current DVB-S standard. The new standard is designed to cut the cost-per-bit to transmit data by satellite by providing up to 30 percent more efficient use of satellite transponders. ECC products include SkyPHY DVB-S2 receiver chipsets.

ECC also holds the license for the satellite terminal design for IPSTAR, a recently-launched broadband satellite service offered by Shin Satellite PLC for both Internet backbone connections to ISPs and as a last-mile broadband Internet service to consumers in the Asia-Pacific region. Under the license, ECC supplies its customized chips to authorized IPSTAR terminal contract manufacturers and receives royalties for the terminal design. The IPSTAR-1 satellite (Thaicom 4), placed into orbit in August, is one of the largest communication satellites ever built and features spot beam technology in both Ku- and Ka-band frequencies. Enabled in part by ECC technology, the satellite�s total bandwidth capacity of 45 Gigabits/second is nearly equivalent to all other satellites serving Asia today.

In addition, ECC will augment ViaSat�s Comsat Laboratories division with advanced design and development expertise in satellite, optical, and tactical communication systems.

About ViaSat (www.viasat.com)
ViaSat produces innovative satellite and other wireless communication products that enable fast, secure, and efficient communications to any location. Products include satellite ground systems, information security devices, tactical communication radios, and communication simulators. The company�s full line of satellite communication products includes VSAT systems for network access and infrastructure, and Ka-band satellite systems, from user terminals to large gateways. Along with its headquarters in Carlsbad, CA, ViaSat has divisions located in Duluth, GA, and Germantown, MD.

In addition the company�s wholly-owned subsidiary, US Monolithics, designs and produces monolithic microwave integrated circuits (MMICs) and modules for use in broadband communications for military and commercial applications. US Monolithics is based in Chandler, Arizona.

About Efficient Channel Coding (www.efficientchannelcoding.com)
Founded in 1996, Efficient Channel Coding (ECC) is an innovator in satellite communication components and systems and provides real world digital communication systems for some of the world�s most advanced communication networks. ECC products are designed to increase the efficiency of today�s advanced satellite, wireless and wire-line communication systems. With 55 employees based in Cleveland, Ohio, ECC was formed by two local Ohio engineers out of Case Western University and Cleveland State University.

Safe Harbor Statement
Portions of this release 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: difficulty in integrating the ECC businesses and operations in an efficient and effective manner; challenges in achieving strategic objectives, cost savings and other benefits expected from the acquisition; the risk our markets do not evolve as anticipated and the technologies acquired do not prove to be those needed to be successful in those markets; the potential loss of key employees of the acquired businesses; the risk of diverting the attention of senior management from the operations of our business; the risks of potential disputes concerning indemnities and other obligations that could result in substantial costs and further divert management�s attention and resources; contractual problems; regulatory issues; manufacturing issues; problems with suppliers and subcontractors; and technologies not being developed according to anticipated schedules, or that do not perform according to expectations. The Company refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Factors That May Affect Future Performance in the Company's Form 10-K, which contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements.

ViaSat To Supply Avionics Test Simulation System to Lockheed Martin for F-35 Joint Strike Fighter

Wed, 24 Aug 2005 00:00:00 -0700

Carlsbad, CA - ViaSat Inc. (Nasdaq:VSAT) has won a $19.8 million award from Lockheed Martin Aeronautics (NYSE: LMT) to supply a Communication Navigation and Identification Function Stimulator (CFS) for the F-35 Joint Strike Fighter (JSF). The contract period of performance is 30 months. Lockheed Martin will add the new ViaSat system to its Mission System Integration Lab in Fort Worth, Texas where avionics system integration is proceeding in preparation for the first flight of the F-35.

RF stimulators produce a variety of simultaneous signals that simulate a communications environment for testing communication, navigation, identification, and weapon system devices. Even after each individual subsystem is tested, the interaction of all equipment on board the aircraft can create additional problems in avionics systems as they select and process the desired signals. Measuring total system performance is possible only in the presence of complex time-varying radio frequency (RF) stimulation that tests not only the equipment, but the operational procedures to respond to various tactical situations as well.

�The CFS is similar to the Joint Communication Simulators we supplied to the Air Force and Navy,� said Mike Kocin, business area director for RF Simulation at ViaSat. �But our latest system designs take advantage of the most advanced electronics architectures and incorporate the latest high-speed processors for higher performance.�

As a result the system can respond to operator commands in one-fifth the time and support a much denser signal environment as well. The new ViaSat stimulation system design is also more modular to accommodate large or small RF simulation requirements.

The F-35 is a next-generation, supersonic, multi-role stealth aircraft designed to replace the AV-8B Harrier, A-10, F-16, F/A-18 Hornet and the United Kingdom�s Harrier GR.7 and Sea Harrier. Three versions of the F-35 each derived from a common design, will ensure that the F-35 meets the performance needs of the U.S. Air Force, Marine Corps, Navy, the U.K. Royal Air Force and Royal Navy, and allied defense forces worldwide, while staying within strict affordability targets.

About Lockheed Martin Aeronautics(www.lockheedmartin.com/aeronautics)
Lockheed Martin Aeronautics Co., a business area of Lockheed Martin, is a leader in the design, research and development, systems integration, production and support of advanced military aircraft and related technologies. Its customers include the military services of the United States and allied countries throughout the world. Products include the F-16, F/A-22, F-35 JSF, F-117, C-5, C-130, C-130J, P-3, S-3 and U-2. The company produces major components for the F-2 fighter, and is a co-developer of the C-27J tactical transport and T-50 advanced jet trainer.

About ViaSat (www.viasat.com)
ViaSat produces innovative satellite and other wireless communication products that enable fast, secure, and efficient communications to any location. Products include network security devices, tactical data radios, and communication simulators. ViaSat also has a full line of VSAT products for data and voice applications, and is a market leader in Ka-band satellite systems, from user terminals to large gateways. ViaSat has locations in Carlsbad, CA, and Norcross, GA, along with its Comsat Laboratories division based in Clarksburg, MD. Additional field offices are located in Boston, MA and the Washington DC/Baltimore area.

Safe Harbor Statement
Portions of this release, particularly statements about the performance and deliveries of the ViaSat RF Stimulator system, 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 from historical results or from any results expressed or implied by such forward-looking statements, including but not limited to: ViaSat�s ability to perform under the existing contract, changes in product supply, changes in relationships with, or the financial condition of, key customers or suppliers, changes in government regulations, changes in economic conditions globally and in the communications markets in particular, potential product liability, infringement and other claims, and other factors affecting the communications industry generally. ViaSat refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Factors That May Affect Future Performance in ViaSat�s Form 10-Ks and subsequent Form 10-Qs. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements.

NASA Funds Space Communication Testbed Project for Comsat Laboratories

Tue, 05 Jul 2005 00:00:00 -0700

Clarksburg, MD - Comsat Laboratories, a division of ViaSat Inc.,has won a contract from NASA to design and deliver a Space Communications Testbed (SCT) that emulates the nodes and links comprising an end-to-end inter-planetary communication network. Comsat Labs� bid was selected from a large number of proposals, as part of the Technology Maturation Program under Exploration Systems Research and Technology (ESR&T), a Division of the Exploration Systems Mission Directorate that is developing systems for space exploration to the Moon, Mars and beyond. The contract award for a 12-month Phase 1 development is $3.7 million of which Comsat Laboratories as prime receives $2.3 million and the remaining $1.4 million is divided among NASA Glenn Research Center, Jet Propulsion Lab/California Institute of Technology, NASA Goddard Space Flight Center, and NASA Langley Research Center.

The SCT is a combination of software and hardware modules that emulate communication elements in remote surface platforms, planetary orbiters, relay satellites, earth orbit satellites, earth stations, and user clients. NASA expects to use the SCT to test, validate, and optimize communication links, protocol stacks, operational parameters, and mission applications using time varying emulated channel characteristics and mission traffic profiles. Later phases of the SCT program are planned to provide additional benefits by also serving as a vehicle for testing new and emerging communication technologies and as a platform for testing various mission operation scenarios.

�This program supports President Bush�s vision for future space exploration. We are obviously very excited to be part of the technology development team to help NASA realize this vision,� said Dr. Prakash Chitre, vice president and general manager of Comsat Laboratories.

Comsat Laboratories, based in Clarksburg, MD, has a 37-year track record as an independent, premier satellite communications and networking R&D laboratory. Comsat Laboratories provides advanced communications systems, technology, products and consulting services for both government and commercial customers throughout the world.

Safe Harbor Statement
Portions of this release, particularly statements about the capabilities of SCT and future development phases, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. ViaSat wishes to caution you that there are some factors that could cause actual results to differ materially from historical results or from any results expressed or implied by such forward-looking statements, including but not limited to: ViaSat�s ability to perform under existing contracts and obtain additional contracts, ViaSat�s ability to develop new products that gain market acceptance, changes in product supply, pricing and customer demand, changes in relationships with, or the financial condition of, key customers or suppliers, changes in government regulations, changes in economic conditions globally and in the communications markets in particular, increased competition, potential product liability, infringement and other claims, and other factors affecting the communications industry generally. ViaSat refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Factors That May Affect Future Performance in ViaSat�s Form 10-Ks and subsequent Form 10-Qs. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements.

ViaSat Names Harvey White to Board of Directors

Wed, 11 May 2005 00:00:00 -0700

Carlsbad, CA - ViaSat Inc. (Nasdaq:VSAT) has appointed Harvey P. White to the ViaSat Board of Directors. Mr. White is chairman of (SHW)2 Enterprises, an independent business development and consulting firm which he established in June of 2004. Previously, Mr. White was chairman and CEO of Leap Wireless International, Inc. Mr. White will stand for election to the ViaSat Board of Directors at the Company's 2005 Annual Meeting of Stockholders. The ViaSat board now totals seven members, six of whom are independent directors.

Prior to Leap Wireless, Mr. White was a co-founder and a member of the board of directors of QUALCOMM from its inception in July 1985. He was executive vice president and COO until appointed as president and COO in 1992. As COO, he was responsible for the day-to-day operations of QUALCOMM as it grew to be a Fortune 500 telecom technology and manufacturing company. He left QUALCOMM to head Leap Wireless, which was spun off as an independent company in September 1998. Under Mr. White�s direction, Leap Wireless� Cricket service grew to be one of the 10 largest U.S. carriers by pioneering the �all you can use for a set price� concept for wireless service.

Prior to QUALCOMM, Mr. White was executive vice president, COO and a director of Linkabit Corporation, a firm that spawned many high technology start-ups and established San Diego as a major center for wireless communications. Prior to Linkabit, he was corporate controller and, later, the group vice president of the Industrial Systems and Transportation Groups of Rohr Industries.

Earlier in his career, he held positions in finance, information systems and operations in high-tech and consumer products companies, including Raytheon, Whittaker, and TRW. He holds a BA in economics from Marshall University. Mr. White serves on the boards of Applied Micro Circuits Corporation (AMCC), Motive, Inc. and Crystal Voice Communications, Inc. He is actively involved in a number of national and local public service, educational and charitable organizations.

"We are pleased and honored to have Harvey White join ViaSat�s board," said Mark Dankberg, chairman and CEO of ViaSat. �His expertise in entrepreneurship, finance, operations, and telecommunications enhances the depth and breadth of experience our directors bring to the company. We are all very delighted to be working with him.�

ViaSat Announces Record Year-to-Date Revenue, Earnings and Backlog

Wed, 03 Nov 2004 00:00:00 -0800

Carlsbad, CA - ViaSat Inc. (NASDAQ: VSAT), a provider of communication equipment for government and commercial customers, today announced financial results for the second quarter of fiscal year 2005. Highlights for the quarter included revenues of $82.6 million, net income of $0.17 per share on a pro forma basis or $0.13 per share on a GAAP basis, and new orders for the quarter of $87.3 million. Results for the first six months included revenues of $166.8 million, net income of $0.34 per share on a pro forma basis or $0.26 per share on a GAAP basis, and new orders of $189.3 million.

"We are pleased with our continued progress in year-over-year growth in revenues and especially in earnings," said Mark Dankberg, chairman and CEO of ViaSat. "The new order volume pushed contract backlog past $300 million, positioning the company for continued growth in both government and commercial segments in the second half, as well."

Financial Results
For the second quarter ended October 1, 2004*, the company reported the following:

(In millions, except per share data)	Q2 2005	Q2 2004	First 6 Mos. FY05	First 6 Mos. FY04
Revenues	$82.6	$64.3	$166.8	$123.6
Net income	$3.7	$1.8	$7.3	$2.3
Diluted per share net income	$0.13	$0.07	$0.26	$0.08
Pro forma net income**	$4.7	$3.0	$9.5	$4.6
Diluted per share pro forma net income**	$0.17	$0.11	$0.34	$0.17
Weighted average shares	28.0	27.3	28.1	27.0
New orders/Contract awards	$87.3	$88.5	$189.3	$190.8
Sales backlog	$304.0	$280.8	$304.0	$280.8

* ViaSat uses a 52- or 53-week fiscal year which ends on the Friday closest to March 31. ViaSat's quarters for fiscal year 2005 end on July 2, 2004, October 1, 2004, December 31, 2004 and April 1, 2005.

** All non-GAAP pro forma numbers have been adjusted to exclude the effects of acquisition charges (amortization of intangible assets). A reconciliation of specific adjustments to GAAP results for these periods is included in the Pro Forma Condensed Consolidated Statement of Operations table contained in this release. A description of our use of non-GAAP information is provided under Use of Pro Forma Financial Information below.

Government Segment

The Government segment posted another quarterly record with revenues of $41.1 million, a 48% increase over the second quarter of fiscal year 2004. New contract awards for the quarter were $42.3 million. The revenue growth was primarily in our tactical data links and information assurance business areas.

Commercial Segment
For the Commercial segment, revenue increased to $42.9 million for the second quarter, a 16% increase over the second quarter of fiscal year 2004. New contract awards for the quarter were $45.0 million. We experienced revenue growth across all commercial business areas including enterprise VSAT, mobile and consumer broadband, antenna systems and monolithic microwave integrated circuits (MMICs) production.

Select Second Quarter 2005 Business Highlights

Certification from the National Security Agency for our AltaSec® KG-250 and KG-250A military network encryption products. Certification enabled us to begin deliveries of these products, which bring new benchmarks for networking performance, compact size, ruggedness, and low cost to the market.
Increased production of MIDS (Multifunctional Information Distribution System) terminal units to a record level for the quarter.
A key software development award for the Joint Strike Fighter program to provide UHF tactical satellite networking capability using the Joint Tactical Radio System software environment.
The LinkStar® broadband VSAT platform posted a record quarter for bookings, sales and shipments. Total terminal shipments now exceed 33,000 units.
Follow-on order for 85 airborne modems from Connexion by BoeingSM to meet anticipated growth in the real-time, high-speed in-flight Internet service.
The first SKYLinkSM airborne broadband systems were successfully installed, flight tested and placed into operation on two Gulfstream jets. The SKYLink system is based on our ArcLight® CDMA-for-satellite technology and is being marketed by ARINC to the general aviation market.
US Monolithics released new Ka-band transceiver and Ku-band transmit block upconverter (BUC) production units with custom MMICs that continue to significantly reduce cost of high performance RF Outdoor Unit (ODU) electronics in VSAT applications.
Government markets continue to present new opportunities in our antenna systems group. Awards for the quarter were highlighted by a follow-on order for the U.S. government Wideband Gapfiller system.

ViaSat produces innovative satellite and other network communication products that enable fast, easy, secure, and efficient communications to any location. Products include network security devices, tactical data radios, and communication simulators. ViaSat also has a full line of VSAT products for data and voice applications, and is a market leader in Ka-band satellite systems, from user terminals to large gateways. ViaSat has locations in Carlsbad, CA, and Norcross, GA, along with its Comsat Laboratories division based in Clarksburg, MD. Additional field offices are located in Marlborough, MA, Washington DC/Baltimore, Australia, China, India, Italy, and Spain.

In addition, ViaSat's wholly-owned subsidiary, US Monolithics, designs and produces MMICs and modules for use in broadband communications. US Monolithics is based in Chandler, Arizona.

Note: ViaSat, Inc. will host a conference call to discuss these FY2005 Second Quarter Earnings at 5:00 P.M. Eastern Time on Wednesday, November 3, 2004. The dial-in number is (800) 901-5259 in the U.S. and (617) 786-4514 internationally. The pass code is 60647303. An audio replay will be available until 7:00 P.M. EST November 4 at (888) 286-8010 (617-801-6888 international) and the pass code is 31061382. You can also access our conference call webcast, conference call materials and other material financial information discussed on our conference call (including any information required by Regulation G) on the Investor Relations Events Calendar page of our corporate web site (www.viasat.com). The call and associated conference call materials will be archived and available on that site for at least 12 months immediately following the conference call.

Use of Pro Forma Financial Information
Pro forma net income excludes the effects of acquisition charges (amortization of intangible assets). Pro forma net income is provided to enhance the overall understanding of our current financial performance and our prospects for the future. Specifically, we believe the pro forma results provide useful information to both management and investors by excluding specific expenses that we believe are not indicative of our core operating results. In addition, since we have historically reported pro forma results to the investment community, we believe the inclusion of pro forma numbers provides consistency in our financial reporting. Further, these adjusted pro forma results are one of the primary indicators management uses for planning and forecasting in future periods. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with generally accepted accounting principles. See the Pro Forma Condensed Consolidated Statement of Operations table for a reconciliation of net income to pro forma net income. Pro forma as presented in this press release may not be comparable to similarly titled measures reported by other companies.

Safe Harbor Statement
Portions of this release, particularly ViaSat's financial prospects for fiscal year 2005 and beyond and the Select Second Quarter 2005 Business Highlights section, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. ViaSat wishes to caution you that there are some factors that could cause actual results to differ materially from historical results or from any results expressed or implied by such forward-looking statements, including but not limited to: ViaSat's ability to perform under existing contracts and obtain additional contracts, ViaSat's ability to develop new products that gain market acceptance, changes in product supply, pricing and customer demand, changes in relationships with, or the financial condition of, key customers or suppliers, changes in government regulations, changes in economic conditions globally and in the communications markets in particular, increased competition, potential product liability, infringement and other claims, and other factors affecting the communications industry generally. ViaSat refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Factors That May Affect Future Performance in ViaSat's Form 10-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements.

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.
SKYlink is a service mark of ARINC Incorporated.
Connexion by Boeing is a service mark of Boeing Management Company.

Find a PDF of our Q2 FY05 financialson viasat.com.

Former Assistant Secretary of Defense John Stenbit Named to Board of Directors

Mon, 30 Aug 2004 00:00:00 -0700

Carlsbad, CA - ViaSat Inc. has appointed John P. Stenbit to the ViaSat Board of Directors. Mr. Stenbit is nationally recognized for his expertise in developing crucial defense information systems, leading Defense Transformation initiatives at the Department of Defense (DoD), and applying systems engineering to solve complex problems at large organizations. Mr. Stenbit will stand for election to the ViaSat Board of Directors at the Company's 2006 Annual Meeting of Stockholders. The ViaSat board now totals six members, five of whom are independent directors.

Mr. Stenbit was appointed Assistant Secretary of Defense for Command, Control, Communications, and Intelligence (C3I) on August 7, 2001, then became Assistant Secretary of Defense of the C3I successor organization, Networks and Information Integration/Department of Defense Chief Information Officer. He has led the transition to information-centric warfare including creating information systems to support intelligence and operations in Afghanistan and Iraq. Mr. Stenbit initiated the Counter-Intelligence Field Activity to allow DoD to interface with multiple agencies to share information needed to pursue terrorists in the United States and abroad. Additionally, he developed a new Information Assurance architecture to support an Internet system to enhance Network-Centric Warfare. Mr. Stenbit represented the United States at NATO on issues relating to communications and information assurance.

For more than three decades, Mr. Stenbit held various management positions at TRW Inc., a diversified company that provided high technology products to the space, defense, information systems, and automotive markets. During his tenure as executive vice president, he successfully secured investments for the execution of a breakthrough technology in broadband wireless communications.

"We are honored to have John Stenbit join ViaSat�s board of directors. With a distinguished career serving at the highest levels of DoD and industry, he brings us invaluable and unique insight and perspective on the opportunities to identify, develop and apply our satellite networking, information assurance, and data link technologies," said Mark Dankberg, chairman and CEO of ViaSat.

John Stenbit holds a B.S. degree in engineering and an M.S. degree in electrical engineering from the California Institute of Technology. He has chaired the Science and Technology Advisory Panel to the Director of Central Intelligence, and served as member of the Science Advisory Group to the directors of Naval Intelligence and the Defense Communications Agency. He also chaired the Research, Engineering and Development Advisory Committee for the Administrator of the Federal Aviation Administration. He has served on the Navy Studies Board, and the National Research Council Manufacturing Board. Mr. Stenbit serves on the Defense Science Board, the NSA Advisory Board, the NRO Technical Advisory Group, and the Stratcom Science Advisory Group. He is a Fulbright Fellow and recipient of the Secretary of Defense Medal for Outstanding Public Service. In 1999, Mr. Stenbit was inducted into the National Academy of Engineering.

About ViaSat
ViaSat produces innovative satellite and other wireless communication products that enable fast, secure, and efficient communications to any location. Products include satellite ground systems, information security devices, tactical communication radios, and communication simulators. Our full line of satellite communication products includes VSAT systems for network access and infrastructure, and Ka-band satellite systems, from user terminals to large gateways. Along with its headquarters in Carlsbad, CA, ViaSat has divisions located in Norcross, GA, and Clarksburg, MD.
In addition the company�s wholly-owned subsidiary, US Monolithics, designs and produces monolithic microwave integrated circuits (MMICs) and modules for use in broadband communications for military and commercial applications. US Monolithics is based in Chandler, Arizona.

ViaSat Reports Record Revenues, Earnings Growth and Continued Strong New Order Flow

Tue, 03 Aug 2004 00:00:00 -0700

Carlsbad, CA - ViaSat, Inc. (NASDAQ: VSAT), a provider of communication systems for government and commercial customers, today announced financial and operating results for the first quarter of fiscal year 2005. Highlights included record revenues in the first quarter of $84.2 million, near record orders for new business in a single quarter of $101.9 million, and earnings growth for the company.

�ViaSat is off to a strong start in fiscal 2005 from both the financial performance and business environment perspectives,� said Mark Dankberg, chairman and CEO of ViaSat. �We set new records for revenue and backlog while almost tripling pro forma earnings compared with the same period last year, and we also launched important new commercial and defense products that we anticipate to contribute to our results in the years ahead.�

Financial Results
For the first quarter ended July 2, 2004*, the company reported the following:

In millions, except share data)	Q1 2005	Q1 2004
Revenues	$84.2	$59.3
Actual net income/(loss)	$3.6	$0.5
Per share net income/(loss)	$0.13	$0.02
Pro forma net income/(loss)**	$4.7	$1.6
Per share pro forma net income/(loss)**	$0.17	$0.06
Fully diluted weighted average shares	28.3	26.9
New orders/Contract awards	$101.9	$102.2
Sales backlog	$299.3	$256.6

** All non-GAAP pro forma numbers have been adjusted to exclude the effects of acquisition charges (amortization of intangible assets). A reconciliation of specific adjustments to GAAP results for these periods is included in the �Pro Forma Condensed Consolidated Statement of Operations� table. A description of our use of non-GAAP information is provided under �Use of Pro Forma Financial Information� below.

Government Segment
The Government segment had quarterly revenues of $38.1 million, a 39% increase over the first quarter of fiscal year 2004. New contract awards exceeded $63 million. The revenue growth was primarily attributable to increases in our tactical data links, information assurance and government broadband business areas.

Commercial Segment
Revenue increased to $47.4 million for the first quarter, a 46% increase over the first quarter of fiscal year 2004. Revenue increases resulted from growth in our consumer broadband, enterprise VSAT networks and large antenna systems businesses. The commercial segment posted nearly $39 million in new contract awards during the quarter.

Select First Quarter 2005 Business Highlights

Received our largest single award for Multifunctional Information Distribution System (MIDS) terminals of $47.2 million, including both LVT(1) airborne and LVT(2) ground-based terminals.
Order for 225 Tactical EBEMs (Enhanced Bandwidth Efficient Modem) for the Navy. This is the first order for tactical units and brings our total backlog to 956 units (including 36 test units).
Follow-on award from Cubic Corporation of approximately $4.7 million, including both antenna systems and information security products, for the Communications Data Link System (CDLS). The order resulted from exercised options under a five-year contract between ViaSat and Cubic, and added 14 more antenna systems to the initial order.
Continued to build backlog for our SurfBeam consumer broadband system, including a new contract with Telesat Canada. Telesat�s plan to offer broadband service throughout Canada took a big step forward with the recent successful launch of the Anik F2 satellite with Ka-band spot beams.
Our LinkStar� broadband VSAT continued its strong sales with a record 5,800 units shipped for the quarter, including major new network installations for distance learning in Honduras and Malaysia, along with travel center Wi-Fi hot spots and retail furniture stores in the U.S. In addition, the LinkStar system completed a series of tests, which showed compliance with the international DVB-RCS (Digital Video Broadcast - Return Channel Satellite) open standard. The joint testing with European partner Eutelsat S.A. was based on a test plan authored by SatLabs, a forum comprising several equipment manufacturers chartered by the European Space Agency (ESA) to promote DVB-RCS interoperability.

Conference Call

ViaSat Inc. will host a conference call to discuss these fiscal year 2005 first quarter results at 5:00 P.M. Eastern Time on Tuesday, August 3, 2004. The dial-in number is (800) 510-0146 and the reservation code is 52251350. A replay will be available until 7:00 P.M. August 5 at (888) 286-8010, reservation code 71523338. You can also access our conference call webcast and other material financial information discussed on our conference call including any information required by Regulation G) on the Investor Relations Events Calendar page of our corporate web site (www.viasat.com). The call will be archived and available on that site for at least twelve months immediately following the conference call.

About ViaSat

ViaSat produces innovative satellite and other wireless communication products that enable fast, secure, and efficient communications to any location. ViaSat has a full line of VSAT products for data and voice applications. ViaSat is a market leader in Ka-band satellite systems, from user terminals to large gateways. Other products include network security devices, tactical data radios, and communication simulators. ViaSat has locations in Carlsbad, CA, and Norcross, GA, along with its Comsat Laboratories division based in Clarksburg, MD. Additional field offices are located in Boston, MA, Washington DC/Baltimore, Australia, China, India, and Italy.

In addition, ViaSat�s wholly-owned subsidiary, U.S. Monolithics, designs and produces monolithic microwave integrated circuits (MMICs) and modules for use in broadband communications. U.S. Monolithics is based in Chandler, Arizona.

Use of Pro Forma Financial Information

Pro forma net income (loss) excludes the effects of acquisition charges (amortization of intangible assets). Pro forma net income is provided to enhance the overall understanding of our current financial performance and our prospects for the future. Specifically, we believe the pro forma results provide useful information to both management and investors by excluding specific expenses that we believe are not indicative of our core operating results. In addition, since we have historically reported pro forma results to the investment community, we believe the inclusion of pro forma numbers provides consistency in our financial reporting. Further, these adjusted pro forma results are one of the primary indicators management uses for planning and forecasting in future periods. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with generally accepted accounting principles. See the �Pro Forma Condensed Consolidated Statement of Operations� table for a reconciliation of net income (loss) to pro forma net income (loss).

Find a PDF of our Q1 FY05 financialson viasat.com.

Safe Harbor Statement
Portions of this release, particularly ViaSat�s financial prospects for fiscal year 2005 and beyond and the �Select First Quarter 2005 Business Highlights� section, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. ViaSat wishes to caution you that there are some factors that could cause actual results to differ materially from historical results or from any results expressed or implied by such forward-looking statements, including but not limited to: ViaSat�s ability to perform under existing contracts and obtain additional contracts, ViaSat�s ability to develop new products that gain market acceptance, changes in product supply, pricing and customer demand, changes in relationships with, or the financial condition of, key customers or suppliers, changes in government regulations, changes in economic conditions globally and in the communications markets in particular, increased competition, potential product liability, infringement and other claims, and other factors affecting the communications industry generally. ViaSat refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Factors That May Affect Future Performance in ViaSat�s Form 10-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements.

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.

ViaSat Files to Add an Additional $154 Million to Its Shelf Registration

Mon, 14 Jun 2004 00:00:00 -0700

Carlsbad, CA � ViaSat Inc. (Nasdaq: VSAT) has filed a universal shelf registration statement with the Securities and Exchange Commission for the future sale of up to $154 million of debt securities, common stock, preferred stock, depositary shares and warrants. ViaSat currently has available $46 million of these securities, which were previously registered under a shelf registration statement that ViaSat originally filed in September 2001. Following the effective date of the recently filed universal shelf registration statement, up to $200 million of the securities may be offered from time to time, separately or together, directly by ViaSat or through underwriters at amounts, prices, interest rates and other terms to be determined at the time of the offering.

ViaSat currently intends to use the net proceeds from the sale of the securities under the shelf registration statements for general corporate purposes, including acquisitions, capital expenditures, working capital and the repayment or refinancing of its debt. The universal shelf registration statement, which also constitutes a post-effective amendment to the shelf registration statement filed in September 2001, has not yet become effective. These securities may not be sold nor may offers to buy be accepted before the universal shelf registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of ViaSat. The offering of ViaSat securities will be made only by means of a prospectus.

Safe Harbor Statement
Portions of this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements.

Co-Founder Steve Hart Receives Outstanding Executive Award at Jacobs School Recognition Banquet

Thu, 27 May 2004 00:00:00 -0700

San Diego - The UCSD Jacobs School of Engineering awarded its 2004 Outstanding Executive Award to Steve Hart, UCSD alumnus and co-founder and chief technology officer of ViaSat Inc., during the School�s Eighth Annual Recognition Banquet on May 21. The Recognition Banquet celebrates the School�s partnerships with industry and is primarily supported by members of its Corporate Affiliates Program. Nearly 550 people attended the event titled �The Thrill of Engineering� which was co-hosted by AT&T and Raytheon with reception sponsor Office Pavilion San Diego.

For the full release go to the Jacobs School's News Room page.

Leaders of satellite industry recognized at ISCe

Mon, 24 May 2004 00:00:00 -0700

Long Beach, CA � May 20, 2004 � Leaders of the global satellite industry will be acknowledged on June 2, 2004 during the International Satellite and Communications exchange (ISCe) Conference and Expo. The awards dinner is held in conjunction with the annual ISCe Conference and Expo, the premier annual West Coast conference and expo where global leaders discuss key topics in satellite communications, defense & security, global navigation systems and entertainment.

The 2004 ISCe Award recipients are as follows: � Education Award; International Space University � Innovation & Technology Award; ViaSat, Inc. � Leadership Award; United States Strategic Command � Lifetime Achievement Award; Dr. Harold A. Rosen

�Innovation is the underpinning of the satellite industry and satellite-enabled services,� said Art Paredes, Chairman of ISCe. �The leadership demonstrated by the 2004 ISCe award recipients reflects the strong foundation and the potential of the satellite industry�.

�Technical advances, business innovation and improved use of satellites for commercial, security, exploration and research purposes assure that this critical communications infrastructure serves the widest possible interests in human pursuit� said Joachim Schafer, President of Hannover Fairs USA � the official organizer of ISCe.

Dr. Michael Simpson, President of the International Space University (ISU), said "ISU is extremely honored and proud to have been selected by the 2004 ISCe Board of Advisors and ISCe as this year's winner of the ISCe Education Award. ISU strives to prepare future space leaders though our international, interdisciplinary and intercultural approach to learning about the satellite and space fields. We view our selection for this prestigious award as recognition of the success of ISU and our alumni in the satellite and space activities worldwide."

"All of us at ViaSat are delighted to have been selected to receive the innovation and technology award at ISCe", said Mark Dankberg, chairman and CEO of ViaSat. "We are determined to bring our customers a decisive technology advantage. We have been so fortunate to be able to work with some of the most forward-thinking satellite service companies in the world and we really appreciate the opportunities they have given us to do such creative work."

For the full text of the release please go to the ISCe web site. .