:

Big Government Deals Push ViaSat to Strong 2019

Nick Zazulia

Friday, May 24th, 2019

SHARE:

ViaSat [VSAT] wrapped up fiscal year 2019 with $2.1 billion in revenue, marking a 30 percent growth from 2018, highlighted by nearly $1 billion in government systems earnings and a viral growth in ubiquity on commercial aircraft, more than doubling its presence by year's end. The communications provider has increased revenues at 14 percent compounded annual growth for the last 15 years and its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) grew by 44 percent year-over-year (YOY) for…

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]