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Viasat Secures U.S. Space Force Contract, Stock Soars 10%
Viasat Secures U.S. Space Force Contract, Stock Soars 10%
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BTCCSquare news:
Viasat's shares surged more than 10% Wednesday after the satellite communications company announced a prime contract award from the U.S. Space Force. The defense deal positions Viasat among five selected contractors to design a dedicated satellite network for military applications.
The seven-month initial phase focuses on developing secure, high-performance space communication systems. "This underscores our proven track record in resilient satellite solutions," said Viasat VP John Reeves, though financial terms remain undisclosed. The stock's rally significantly outpaced the broader market's 0.5% gain.
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