ViaSat Awarded $88.3 Million Military ContractMonday, June 26, 2017
ViaSat Inc. reported on June 26 that it received an $88.3 million contract to provide radios to the U.S. Navy and the U.S. Air Force, adding that it is tripling its production capabilities for so-called MIDS JTRS terminals.
Specifically, the Navy awarded contracts for ViaSat (Nasdaq: VSAT) to provide Lot 5 and Lot 5a of the MIDS JTRS terminals. The abbreviations stand for Multifunctional Information Distribution System Joint Tactical Radio System. The MIDS JTRS terminal is a four-channel, software-defined radio. It is part of what is known as the Link 16 airborne networking system.
Work will be performed in Carlsbad as well as in Tempe, Ariz., and is expected to be completed by June 2019.
The Space and Naval Warfare Systems Command, aka SPAWAR, awarded the deal.