Viasat delays ViaSat-3 satellite launch to 2022 satellitetoday.com

ViaSat-3 is a constellation of three ultra-high-capacity satellites that will deliver broadband service to residential, aviation and government transport users.

The company reported $576 million in revenue in Q3 2021, a 2% decrease from the same quarter in 2020. Revenue grew sequentially, up from $554 million in Q2. Net income in Q3 was $6.8 million, an increase of 4.6% during the quarter in the year prior.

Government Systems reported $265 million in Q3 revenue, a 9% decrease from Q3 2020. Backlog at the end of the quarter is over $1 billion, a 12% increase Year-over-Year (YOY).

Satellite Service revenue in Q3 was $221 million, up 4% over Q3 2020. Commercial Networks saw $90 million in revenue, 6% growth over the same period in 2020.

In Q3, Viasat agreed to acquire RigNet, the addition of SKY Brasil as a broadband distribution partner, and the In-Flight Connectivity (IFC) deal with Delta Air Lines.

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