Carlsbad, CA - ViaSat Inc. (Nasdaq: VSAT) reported record sales and earnings for its fourth quarter and fiscal year ended March 31, 2000. Fourth quarter sales totaled $23.8 million compared to $18.2 million in sales for the comparable quarter last year, a 30.4% increase. The Company�s net income for the quarter rose 22.3% to $2.3 million compared to $1.9 million for the fourth quarter of the prior year. Diluted net income per share was $0.26 for the fourth quarter, a 13.0% increase compared to the $0.23 per share for the prior year.

The Company posted record results for the year ended March 31, 2000 with sales of $75.9 million, a 6.1% increase over the $71.5 million in sales for FY99. Net income for FY00 increased 25.6% to $7.9 million, compared to $6.3 million for the prior fiscal year. Diluted net income per share also grew to $0.91 based on 8.7 million common equivalent shares outstanding for FY00 compared to diluted net income per share of $0.77 based on 8.2 million common equivalent shares for the prior fiscal year.

"We are very pleased with the fourth quarter results", said Mark Dankberg, chairman and CEO of ViaSat. "Fiscal year 2000 was a very successful year for ViaSat . Awards for the year were at record levels and we made inroads into both commercial and new defense related markets. This strength in our core businesses will give us the basis for expanding into the newly acquired markets and products in our Atlanta operations and to continue our pursuit of broadband market opportunities."

The Company ended fiscal year 2000 with sales backlog of $88 million compared to $45 million at the end of fiscal year 1999. Contract awards for fiscal year 2000 were $119 million compared to $44 million in fiscal year 1999.

Fiscal Year Business Highlights

Some specific highlights from FY00 follow:

• Announced our acquisition of the Satellite Networks Business of Scientific-Atlanta Inc. (NYSE: SFA), including personnel, technology, products, and distribution capabilities that extend ViaSat�s product lines into broadband satellite network gateways, data transaction networks, telephony, mobile asset tracking, automated meter reading, remote monitoring, space imaging and antenna manufacturing.
• Qualification from the Department of the Navy as one of three suppliers on the Certified MIDS Manufacturers Register (CMMR) and first production award for $23.4 million for Multifunctional Information Distribution System (MIDS) terminals. The award has an expected contract value of over $30 million, with the terms to be finalized by the end of the second calendar quarter of 2000, and qualifies ViaSat as one of two U.S.-based suppliers of MIDS terminals over the next 10 government fiscal years via future ordering agreements.
• Awarded an initial $13 million letter contract on a five-year ordering agreement from the Raytheon Company to supply second-generation, enhanced UHF Satellite Communications (Satcom) Demand Assigned Multiple Access (DAMA) modem modules for Raytheon multiband terminals.
• Signed a five-year contract valued at $36.3 million with Science Applications International Corp. (SAIC) to supply an IP-based satellite network for an energy services application. The network is the first global operation for ViaSat�s new Network Services Center, which includes continuous operations, control, and monitoring.
• Recognized by Lockheed Martin at its first annual supplier conference in August 1999 as one of only four �Star Suppliers� out of its base of 65,000 vendors.
• Added to the depth of our management and technical teams.

Portions of this release, particularly the "Fiscal Year Business Highlights" section, may contain forward-looking statements regarding future events and are subject to risks and uncertainties. The Company wishes to caution you that there are some factors that could cause actual results to differ materially, including but not limited to: 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. 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.

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