Viasat Inc. (NASDAQ:VSAT) shares are in focus Friday, a day after surging 18.2% following a landmark U.S. Space Force contract that moves the company from satellite design into full production.
- Viasat stock is building positive momentum. Why is VSAT stock trading higher?
The Contract
On June 11, Viasat announced it was awarded a prime contract by the U.S. Space Force’s Space Systems Command to build, launch and deliver the first of a proliferated fleet of small, maneuverable geosynchronous Earth orbit satellites under the Protected Tactical SATCOM-Global program, known as PTS-G. The contract is part of the Swarm 1 Delivery Order, the production phase of a program Viasat has been developing since 2025. Viasat and Intelsat were each awarded a satellite under the order, with the two contracts collectively worth $437.7 million. Viasat’s satellite is expected to reach initial operating capability no earlier than 2029.
What Viasat Is Building
Viasat will produce a dual-band X/Ka-band mini-GEO maneuverable satellite, along with ground stations and five years of operations support. The satellite is designed to maintain reliable military communications in contested environments where adversaries may attempt to jam or spoof U.S. military satellites. The broader PTS-G program has a ceiling value of $4 billion across all participating contractors.
Viasat Shares Edge Higher
VSAT Price Action: At the time of publication, Viasat shares are trading 2.72% higher at $74.69, according to data from Benzinga Pro.
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