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ViaSat Pulls in $50M Contract

Carlsbad satellite products company ViaSat Inc. won a $50 million contract to install land-based “gateways” to connect European broadband subscribers to the Internet via satellite, the company said Sept. 8.

The contract was awarded by Skylogic, a subsidiary of Eutelsat Communications of Paris. ViaSat will install 10 broadband gateways in Europe linked to the KA-SAT satellite, which is scheduled to launch in the third quarter of 2010.

ViaSat’s Ka-band network, called SurfBeam, supports high capacity satellites such as KA-SAT and its North American counterpart ViaSat-1, which is scheduled to launch in 2011. These new satellite systems will deliver more speed and higher volumes of bandwidth at far lower costs than any existing broadband satellite network, the company says.

ViaSat will be the exclusive provider of satellite broadband terminals for the new North American and European satellite systems.

“This is the first network infrastructure award resulting from our transformational broadband initiative and leverages ground system economies of scale because it can be used for both high-capacity satellites , KA-SAT and ViaSat-1,” said Mark Dankberg, chairman and chief executive officer of ViaSat.

ViaSat stock trades as VSAT on Nasdaq. Shares closed Sept. 8 at $25.81, up more than 2 percent from the previous day’s close.

, Ned Randolph

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