Viasat was selected for a U.S. Space Force Indefinite Delivery/Indefinite Quantity (IDIQ) contract with a total ceiling of $981 million. The agreement allows Viasat to compete for task orders involving test, evaluation, and training through July 2032.
The company provides secure satellite communications (SATCOM), tactical networking, and cybersecurity for military and government agencies. This selection adds to Viasat's portfolio of government and defense contracts.
Separately, Zacks Research upgraded Viasat’s stock rating from strong sell to hold.