Viasat, Inc. has recently released its 10-K report, providing a detailed insight into the company's financial condition and operations. Viasat, Inc. is a global provider of communications technologies and services, offering broadband and communications products and services in the United States and internationally. The company operates in three segments: Satellite Services, Commercial Networks, and Government Systems.
In the 10-K report, Viasat, Inc. describes itself as an innovative provider of communications technologies and services, with a focus on making connectivity accessible, available, and secure for customers worldwide. The company leverages its own satellite fleet, national operator partnerships, and coverage from leading third-party satellites and constellations to provide a wide array of cost-effective, high-quality broadband, narrowband, and other connectivity solutions to aviation, maritime, enterprise, consumer, military, and government users globally.
The report further details that Viasat, Inc. conducts its business through two segments: communication services and defense and advanced technologies. The communication services segment provides a wide range of broadband and narrowband communications solutions across government and commercial mobility markets, as well as for residential and enterprise fixed broadband customers. The defense and advanced technologies segment offers resilient, vertically integrated solutions to government and commercial customers, leveraging core technical competencies in encryption, cyber security, tactical gateways, modems, and waveforms.
The 10-K report also outlines various factors and trends affecting Viasat, Inc.'s results of operations, including increasing competition, satellite-related activities, technological innovation, economic conditions, acquisitions, and divestitures, among others. It also highlights the impact of the COVID-19 pandemic on the company's aviation businesses and the return to normalization after associated disruptions.
Moreover, the report discloses the completion of the Inmarsat Acquisition, where Viasat, Inc. acquired Connect Topco Limited (Inmarsat Holdings) and the subsequent sale of certain assets and liabilities comprising the Link-16 TDL Business to L3Harris. Additionally, it provides an update on the company's satellite-related activities, including the deployment issue affecting the ViaSat-3 F1 satellite and the power subsystem anomaly experienced by the I-6 F2 satellite.
Following these announcements, the company's shares moved 1.2%, and are now trading at a price of $9.2599. For the full picture, make sure to review VI's 10-K report.
