Security & Defense: ViaSat Wins IDIQ Contract
July 12, 2010 (FinancialWire) — ViaSat (NASDAQ: VSAT) has been awarded a $5.75 million indefinite-delivery/indefinite-quantity (IDIQ), firm-fixed-price contract for tactical data link and satellite communications equipment and engineering support services from the Space and Naval Warfare Systems Center Atlantic, Charleston, South Carolina.
The contract combines purchases for the U.S. Navy (75 percent), and the government of the Republic of Turkey (25 percent) under the Foreign Military Sales program. The contract has an initial ceiling of $5.75 million through June 30, 2011, and all work will be funded and authorized by separate delivery orders.
ViaSat said that the award includes contract options that, if exercised, would bring the cumulative ceiling of this contract to an estimated $29,999,500. If all options are exercised, work could continue until June 2015.
California-based ViaSat produces satellite and other digital communication products.
The company provides networking products and managed network services for enterprise IP applications; is a key supplier of network-centric military communications and encryption technologies and products to the U.S. government; is the primary technology partner for gateway and customer-premises equipment for consumer and mobile satellite broadband services; and owns WildBlue, a Ka-band satellite broadband service provider.
ViaSat also offers design capabilities and a number of complementary products including monolithic microwave integrated circuits and modules, DVB-S2 satellite communication components, video data link systems, data acceleration and compression, and mobile satellite antenna systems.
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