Viasat Secures US$437.7 Million Space Vehicle Contract, Shares Hit Seven-Year High
Viasat shares rose 5.4% and gained 1% after hours upon securing a US$437.7 million contract to supply space vehicles for the Protected Tactical Satellite-Global program by March 19, 2029. The award sent the stock to a seven-year high as seven of nine analysts rate it a buy.
1. Contract Win Details
Viasat and Intelsat General Communications won a US$437.7 million firm-fixed-price, indefinite-delivery/indefinite-quantity award from the US Department of War to procure space vehicles for the Protected Tactical Satellite-Global program. Deliveries are scheduled through March 19, 2029, supporting next-generation protected satellite communications for military users.
2. Market Reaction and Analyst Outlook
The contract announcement lifted Viasat shares 5.4% intraday and an additional 1% in after-hours trading, driving the stock to its highest level in seven years. Seven of nine analysts rate Viasat a buy, underpinned by its US$10.13 billion market capitalization and top-three weighting in leading space ETFs.
3. Financial Performance and Outlook
Viasat will release fourth-quarter and fiscal 2026 results on May 28 after the market close. Though revenue fell short of estimates in Q2 and Q3 FY26, the company beat EPS forecasts for three consecutive quarters through December 2025, posting US$0.79 per share on US$1.16 billion in Q3 revenue.