Viasat Inc Dossier
Qualitative Analysis
Business overview
Viasat, Inc. is a leading global provider of satellite communications, secure networking, and advanced communications technologies. The company operates a fleet of 23 in-service geostationary (GEO) satellites across Ka-, L-, and S-bands, serving commercial aviation, maritime, residential broadband, and government defense sectors. Following its strategic acquisition of Inmarsat in 2023, Viasat has established a near-global multi-orbit network footprint. The company operates through two primary reportable segments: Communication Services and Defense and Advanced Technologies.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Completing and activating the trio of ultra-high-capacity ViaSat-3 satellites (each with >1 Tbps throughput) to achieve near-global coverage and triple the fleet's bandwidth inventory.
Expected impact: Will dramatically increase available bandwidth, enable high-speed services (such as the VS60 maritime terminal achieving >250 Mbps), and stabilize the declining fixed residential broadband business.
Developing and deploying a shared, multi-tenant, multi-orbit L- and S-band satellite infrastructure in partnership with Space42 to deliver next-generation mobile satellite services (MSS).
Expected impact: Aims to support global aero and maritime safety, vehicle autonomy, and direct-to-device (D2D) opportunities while improving return on invested capital (ROIC).
Leveraging acquired L-band spectrum to partner with mobile network operators (MNOs) and device manufacturers, enabling standard smartphones to connect directly to satellites for emergency messaging and IoT.
Expected impact: Opens up massive consumer electronics and industrial IoT (IIoT) addressable markets, targeting billions of devices globally by 2030.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
To combine Viasat's ultra-high-capacity Ka-band assets with Inmarsat's global L-band and Ka-band fleet, creating a leading global mobile satellite communications provider with a multi-layered, multi-orbit network.
Financial impact: Delivered $100 million in annual run-rate operating expense cost synergies starting in FY25. The acquisition expanded Viasat's annual revenue base to over $4.6 billion and supported the transition to positive free cash flow.
Strategic Partnerships
Collaborating on the Equitās initiative to build a shared multi-orbit L- and S-band satellite infrastructure, positioning Viasat as the primary technology provider.
Terms: Viasat is targeting significant technology provider revenues from the space infrastructure entity being formed.
A strategic partnership established in 2025 to accelerate innovation and adoption in narrowband satellite connectivity and Direct-to-Device (D2D) ecosystems.
Terms: Not disclosed