San Diego Business Journal

ViaSat Satellite Internet Access to be Option on New Commercial Aircraft

By Brad Graves Thursday, September 17, 2015
   

Airlines and other buyers of big Boeing Co. commercial jets may soon be able to specify ViaSat satellite Internet access gear as a factory option.

Carlsbad-based ViaSat (Nasdaq: VSAT) said on Sept. 15 that a newly signed technical agreement is the first step to make the service available on new commercial aircraft.

ViaSat says its in-flight system offers Wi-Fi speeds eight to 10 times faster than other in-flight Wi-Fi systems.

Boeing (NYSE: BA) says it has a record 5,500 aircraft in its order book.

Separately, ViaSat shareholders on Sept. 16 elected Frank J. Biondi Jr., Robert Johnson and John Stenbit to three-year terms on the company board. Biondi was appointed to his job as a director earlier this year. Johnson has been a director since 1986 and Stenbit since 2004.