ViaSat Announces Joint Venture, Q3 EarningsTuesday, February 9, 2016
ViaSat Inc. offered new details on its ViaSat-3 satellite constellation on Feb. 9 while separately announcing a joint venture to deliver consumer Internet service in Europe with Paris-based Eutelsat Communications.
Also on Feb. 9, the Carlsbad company announced third-quarter earnings. Net income was $9.7 million on revenue of $347.8 million in the quarter ending Dec. 31. In the third quarter of the previous fiscal year, ViaSat (Nasdaq: VSAT) reported net income of $14.8 million on revenues of $339.6 million.
The ViaSat-3 project will consist of three satellites delivering affordable, high-speed Internet connectivity to all. The first two satellites, to be built by Boeing, will serve the Americas, Europe, the Middle East and Africa. ViaSat said it expects integration and delivery in 2019. A third satellite is planned for the Asia Pacific region.
As yet the ViaSat-2 satellite is not in orbit. ViaSat said Feb. 9 that it would contract with Arianespace to launch ViaSat-2 and put it into service by mid-2017.