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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move that strengthens the company's position in the defense sector, Viasat has secured a prime contract from the US Space Force to build and launch satellites for the Protected Tactical SATCOM-Global (PTS-G) program. The contract carries a maximum Indefinite Delivery Indefinite Quantity (IDIQ) ceiling value of $4 billion. Following the announcement, Viasat shares rose approximately 8.1% to reach $66.48 according to reports.
This major award comes amid intensifying competition in the military satellite communications market, where Viasat competes with industry giants like Boeing and Lockheed Martin. Compared to previous quarters, this contract provides a significant boost to the company's backlog, as the $4 billion ceiling exceeds Viasat's total FY2024 revenue of approximately $4.28 billion per company earnings reports. Analysts suggest this win solidifies Viasat's role as a leading provider of mini-GEO satellite technology for military applications.
Technically, VSAT stock stood at $61.50 (close June 10, 2026) prior to the contract news, with a daily range between $61.12 and $64.23 per market data. Investors should watch for the issuance of specific task orders under the $4 billion ceiling as a primary catalyst for future revenue realization. Additionally, the market will look toward the US Non-Farm Payrolls data on June 5, 2026, which may impact broader risk appetite in the tech and defense sectors.