ViaSat produces innovative satellite and other wireless communication products that enable fast, secure, and efficient communications to any location. ViaSat has a full line of VSAT products for data and voice applications. ViaSat is a market leader in Ka-band satellite systems, from user terminals to large gateways. Other products include network security devices, tactical data radios, and communication simulators. ViaSat has locations in Carlsbad, CA, and Norcross, GA, along with its Comsat Laboratories division based in Clarksburg, MD. Additional field offices are located in Boston, MA, Washington DC/Baltimore, Australia, China, India, and Italy

http://www.viasat.com

ViaSat Completes Acquisition of WildBlue Communications
ViaSat Inc. (Nasdaq: VSAT), a producer of innovative satellite and other wireless communication systems, has completed the previously announced acquisition of privately-held WildBlue Communications Inc., the premier Ka-band satellite broadband service provider. In acquiring WildBlue, ViaSat gains one of the most successful and fastest growing wholesale and retail broadband service providers in the United States. The combination of ViaSat and WildBlue sets the stage for accelerated growth and expansion of the WildBlue broadband service using ViaSat next generation network technology, featuring the high-capacity ViaSat-1 satellite scheduled to launch in early 2011. 
"The WildBlue acquisition advances our entry into the Ka-band broadband service business by over a year and more completely establishes the financial and strategic framework to capture the value anticipated from the ViaSat-1 satellite. We also believe the resources and skills of the WildBlue team add greater momentum to our plans to bring satellite broadband to new markets and applications on a global scale," said Mark Dankberg, ViaSat chairman and CEO. 
 

ViaSat to Supply Ka-band Networking Equipment and Operations Support for Yahsat High-Speed Internet Access
Next-Generation SurfBeam 2 System Selected for YahClick Broadband Service over New Y1B Satellite
ViaSat Inc. (Nasdaq:VSAT) has received a $46 million contract award from Star Satellite Communications Company, a wholly owned subsidiary of Al Yah Satellite Communications Company PrJSC (Yahsat), for SurfBeam(R) 2 network infrastructure and initial customer premises terminals. The equipment will power an advanced new high-speed Internet access service called YahClick. Under the contract, ViaSat will deliver and install four complete satellite broadband gateways, provide equipment and installation for a network control center, supply a pilot production quantity of user terminals, and support Yahsat with network operations and maintenance services. 
YahClick, targeted to enterprise customers and consumers in the Middle East, Africa, and Southwest Asia, is expected to go live upon the launch of YahSat's second satellite, Y1B in the second half of 2011. Y1B includes a spot-beam Ka-band payload designed to support broadband access networks for a range of applications. Ka-band spot beam satellites re-use frequencies to maximize spectrum efficiency for more network capacity. On the ground, the design enables use of smaller, lower cost terminals, antennas, and transceivers. 

ViaSat to Acquire WildBlue Communications
Integrates One of the USA's Fastest Growing Broadband ISPs with the ViaSat-1 Satellite Venture and Positions WildBlue(R) Satellite Broadband for Accelerated Growth and Expansion
Capital-Efficient Transaction Expected to Be Accretive to ViaSat Non-GAAP EPS Immediately after Close
ViaSat Inc. (Nasdaq: VSAT), a producer of innovative satellite and other wireless communication systems, has signed a definitive agreement to acquire privately-held WildBlue Communications Inc., the premier Ka-band satellite broadband service provider, in a cash and stock transaction valued at $568 million. The combination sets the stage for accelerated growth and expansion of the WildBlue broadband service using ViaSat next generation network technology, featuring the high-capacity ViaSat-1 satellite scheduled to launch in early 2011. 
"WildBlue and ViaSat have been close partners for nearly a decade and today's announcement is the logical next step," said Mark Dankberg, chairman and CEO of ViaSat. "By integrating ViaSat-1 and its ground network technology into the WildBlue operational and distribution platform, we believe we can meaningfully reduce our operational execution risks. Joining forces with ViaSat provides fast and efficient access to next-generation capacity for the WildBlue business and its subscribers. This synergy, coupled with the improved free cash flow profile WildBlue has attained in the last year, has enabled us to structure what we believe is a highly capital efficient transaction that offers immediate financial benefits to ViaSat. In our view, it's exceptional to be able to make an acquisition with so many strategic benefits under such favorable financial terms." 

ViaSat Announces Record Fiscal Year 2009 Results
CARLSBAD, Calif., May 14, 2009 (BUSINESS WIRE) -- ViaSat Inc. (NASDAQ:VSAT), a producer of innovative satellite and other wireless communications and networking systems, announced financial results for the fourth quarter and fiscal year 2009. The fiscal fourth quarter results include revenues of $165.6 million, net income of $0.46 per share on a diluted non-GAAP basis or $0.38 per share on a diluted GAAP basis and cash flows from operations of $30.5 million. Financial highlights for the fiscal year include record new contract awards of $728.4 million, revenues of $628.2 million, net income of $1.57 per share on a diluted non-GAAP basis or $1.20 per share on a diluted GAAP basis and cash flows from operations of $61.9 million. 
"Our fourth quarter and fiscal year 2009 produced both record financial results and key accomplishments," said Mark Dankberg, ViaSat CEO and chairman. "Our 12% fiscal fourth quarter earnings growth was nearly all operations-driven, as a lower tax rate and lower interest income largely offset each other at the net income line. With an objective of 10% revenue and EPS growth for fiscal year 2010 supported by record backlog and unusually robust new proposal activity, we think ViaSat's steady and attractive growth potential in our core businesses is noteworthy in this difficult macroeconomic period. And as we look to our planned ViaSat-1 satellite launch in 2011, we believe that strong core business operating cash flow, cost reductions relative to plan on the launch and ground segment, an already compelling time-to-market advantage, and meaningful progress on financing and distribution discussions are aligning to more clearly illustrate the underlying value created by our high capacity broadband satellite project." 
Financial Results1
   (In millions, except per share data)    Q4 FY09
   Q4 FY08
   FY 2009   FY 2008 
   Revenues    $  165.6    $  147.4    $  628.2    $  574.7 
   Net income    $  12.1    $  10.5    $  38.3    $  33.5 
   Diluted per share net income    $  0.38    $  0.33    $  1.20    $  1.04 
   Non-GAAP net income2
   $  14.6    $  12.9    $  49.9    $  43.8 
   Non-GAAP diluted net income per share2
   $  0.46    $  0.41    $  1.57    $  1.36 
   Fully diluted weighted average shares     31.9     31.6     31.9     32.2 

   New orders/Contract awards    $  123.9    $  98.3    $  728.4    $  560.0 
   Sales backlog    $  474.6    $  374.4    $  474.6    $  374.4 

1 ViaSat uses a 52 or 53 week fiscal year which ends on the Friday closest to March 31. ViaSat quarters for fiscal year 2009 ended on June 27, 2008, October 3, 2008, January 2, 2009 and April 3, 2009. Fiscal year 2009 was a 53 week year, compared with a 52 week year in fiscal year 2008. The second quarter of fiscal year 2009 included one additional week for a total of 14 weeks. ViaSat does not believe the extra week results in a material impact on its financial results. 
2 All non-GAAP numbers have been adjusted to exclude the effects of acquisition charges (amortization of intangible assets) and non-cash stock-based compensation expenses. A reconciliation of specific adjustments to GAAP results for these periods is included in the "Reconciliation Between Net Income on a GAAP Basis and Non-GAAP Basis" table contained in this release. A description of the use of non-GAAP information is provided below under "Use of Non-GAAP Financial Information."