Viasat Shares Rise on Space Force Contract

Dow Jones06-11 22:27

By Katherine Hamilton

Viasat shares rose after the company said it received a prime contract from the U.S. Space Force's Space Systems Command to build a fleet of satellites.

The stock rose 7% to $66.05 on Thursday morning. Shares have doubled this year.

The satellite communications company said it will build and launch the first of a proliferated fleet of small, maneuverable geosynchronous Earth orbit $(GEO)$ satellites.

The contract builds on Viasat's completion of the delivery order 1 phase awarded in 2025, where the company matured a system design for GEO satellites.

The new contract is part of the protected tactical SATCOM-global program, which has an indefinite delivery indefinite quantity ceiling value of $4 billion across program awardees.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

June 11, 2026 10:27 ET (14:27 GMT)

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Shares have doubled this year. \n\n\n  The satellite communications company said it will build and launch the first of a proliferated fleet of small, maneuverable geosynchronous Earth orbit $(GEO)$ satellites. \n\n\n  The contract builds on Viasat's completion of the delivery order 1 phase awarded in 2025, where the company matured a system design for GEO satellites. \n\n\n  The new contract is part of the protected tactical SATCOM-global program, which has an indefinite delivery indefinite quantity ceiling value of $4 billion across program awardees. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 11, 2026 10:27 ET (14:27 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2642928079","isCrawlerRequest":true}