Viasat's Satellite Woes Threaten Growth and Stock Performance
Originally Published 2 years ago — by PR Newswire
Viasat, a global leader in satellite communications, has disclosed that an unexpected event occurred during the deployment of the reflector for its ViaSat-3 Americas satellite, which may impact its performance. The company is working with the reflector's manufacturer to resolve the issue and is refining contingency plans to minimize the economic impact. Options include redeploying satellites from Viasat's fleet or reallocating a subsequent ViaSat-3 satellite. There is no disruption to customers, and the company will provide further updates during its earnings call in August.