VIASAT Business Summary

Viasat Inc. (VSAT) is a global satellite communications provider operating through two primary segments: Communication Services and Defense & Advanced Technologies. The company’s revenue model is diversified across high-margin subscription fees for commercial aviation in-flight connectivity (IFC), maritime, and fixed broadband, as well as government service contracts and the sale of advanced networking equipment. Following the integration of Inmarsat, Viasat manages a multi-orbit fleet (GEO, MEO, and LEO) to deliver global narrowband and broadband solutions. In the current market, Viasat competes directly with SpaceX’s Starlink, Eutelsat OneWeb, SES, and Hughes Network Systems. While Starlink leads in consumer-grade low-latency LEO services, Viasat differentiates itself by providing high-capacity, vertically integrated GEO solutions tailored for the complex security and bandwidth density requirements of the defense and commercial mobility sectors. Viasat was co-founded in 1986 by Mark Dankberg, Mark Miller, and Steve Hart, all veterans of the satellite equipment manufacturer M/A-COM Linkabit. Mark Dankberg serves as Chairman and CEO, leading a senior executive team that includes Shawn Duffy as CFO and Girish Chandran as Chief Technology Officer and President of Global Space Networks. Following a 2025 leadership reorganization, Craig Miller serves as SVP of Strategic Initiatives to drive long-term growth. The company’s board of directors features notable expertise from former Under Secretary of Defense William LaPlante and former Disney Streaming President Michael Paull. Viasat maintains a strong institutional shareholder base, with major positions held by BlackRock, Vanguard, State Street, and the Canada Pension Plan Investment Board.