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ViaSat +2.1% after prevailing in government anti-jamming contract

Sep. 19, 2016 11:47 AM ETViasat, Inc. (VSAT) StockBy: Jason Aycock, SA News Editor
  • ViaSat (NASDAQ:VSAT +2.1%) has won a $33.3M contract with the government, for the Protected Tactical Service Field Demonstration.
  • The deal is a cost-plus-incentive fee contract, and ViaSat prevailed among five bids. The technology provides wideband anti-jam communications across government and commercial satellites.
  • Such technology can help U.S. military forces stay connected. The government can move more rapidly with off-the-shelf systems and using the commercial satellite fleet.
  • Work on the contract will be done at Carlsbad, Calif., and is expected to be completed by September 2020.

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