ViaSat, Data Link get $123.4M contract raise from Navy

|By:, SA News Editor

ViaSat (VSAT -1.6%) is getting a $123.4M boost to a Navy contract for producing radio terminals.

The Navy is awarding a pair of $123.4M modifications each to ViaSat and Data Link Solutions (OTCPK:BAESY +0.4%, COL -0.8%), lifting the ceiling value of the contracts from $478.6M to almost $604M.

The contracts are to make Multifunctional Information Distribution System Joint Tactical Radio Systems terminals, four-channel software-defined radios that transmit data and voice communications.

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