Movement Alert｜Viasat Rises 6.09% in Pre-Market Trading, Selected by Lockheed Martin to Provide Satellite Communications for NOAA Next-Gen Aircraft

On June 8, Viasat rose 6.09% in pre-market trading, trading at $71.0/share, with trading volume of $157,300.

On the news front, Lockheed Martin has selected Viasat to provide a hybrid satellite communication platform for the National Oceanic and Atmospheric Administration (NOAA) next-generation aircraft program. This significant government contract demonstrates continued recognition of the company's capabilities in government aviation satellite communications.

The order arrives at a critical juncture for the stock. Viasat had experienced consecutive sessions of selling pressure after its fourth fiscal quarter revenue of $1.171 billion missed market expectations of $1.20 billion. The company also issued conservative full-year guidance, projecting only mid-single-digit year-over-year revenue growth with adjusted EBITDA expected to remain flat or increase modestly. These factors had triggered sustained profit-taking following a prior rally driven by its SwiftBroadband-Safety cockpit service surpassing the 1,000-aircraft installation milestone and an analyst buy initiation. The new Lockheed Martin contract provides bulls with a rebound catalyst, helping alleviate bearish sentiment stemming from the earnings disappointment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)