Viasat Hits 1,000 Commercial Aircraft Flying with its In-Flight Connectivity System
CARLSBAD, Calif., Dec. 10, 2018 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global communications company, announced today it reached a major commercial aviation milestone: it reached 1,000 commercial aircraft flying globally with its in-flight connectivity (IFC) system.
Viasat installed more than 400 of its latest IFC equipment on commercial aircraft in 2018, with more than half of those installs occurring in the second half of the year. These installations have helped Viasat achieve new levels of service quality, cutting installation time to around 3 days, which is significantly better than the industry standard.
"Viasat has made tremendous progress and important investments to meet the increased demand for our IFC equipment and service on global commercial aircraft," said John Daly, vice president, Business Operations, Commercial Aviation, Viasat. "We continue to be hyper-focused on increasing the speed of installation, enabling our airline customers to get aircraft in service faster. In the fourth quarter of calendar year 2018 alone, we performed approximately 50 installs per month, and we expect that number to increase monthly as we drive further operational efficiencies into the installation process."
Viasat offers the highest speed satellite-based internet service, and has been recognized by leading third parties as the best in-flight internet service on the global market. For more information on Viasat's IFC installation program, read our blog here.
About Viasat Viasat is a global communications company that believes everyone and everything in the world can be connected. For more than 30 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are—on the ground, in the air or at sea. To learn more about Viasat, visit: www.viasat.com, go to Viasat's Corporate Blog, or follow the Company on social media at: Facebook, Instagram, LinkedIn, Twitter or YouTube.
Forward-Looking Statements This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements that refer to the expected increase in the number of monthly installations, and Viasat's ability to drive operational efficiencies in its installation program to meet airline customer demand. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: contractual problems, product defects, manufacturing issues or delays, technologies not performing in accordance with expectations, increased competition and other factors affecting the commercial aviaton sector, generally. In addition, please refer to the risk factors contained in Viasat's SEC filings available at www.sec.gov, including Viasat's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Viasat undertakes no obligation to update or revise any forward-looking statements for any reason.
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SOURCE Viasat, Inc.