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Viasat headquarters in Carlsbad, California. Photo: Viasat
Viasat reported stable revenue of $2.3 billion for its 2021 fiscal year, and remains on track to launch the first ViaSat-3 satellite in early calendar year 2022.
The satellite operator released its 2021 full year results on May 25, reporting that it recently completed payload integration for the first ViaSat-3, and will soon be shipping the payload to
Boeing for spacecraft integration and testing.
Viasat’s 2021 results showed a boost in operating income and net income compared to the year prior. Operating income was $58.2 million, up from $38.4 million in fiscal year 2020. Net income was $3.7 million, up from $200,000 in fiscal year 2020. Revenue was flat Year-over-Year (YoY) at $2.3 billion, repeating last year’s record revenues.
Viasat Advances Leadership Team with Two Executive Promotions
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CARLSBAD, Calif., May 25, 2021 /PRNewswire/ Viasat Inc. (NASDAQ: VSAT), a global communications company, today announced Evan Dixon has been promoted to the role of President of Viasat s Global Fixed Broadband business and Craig Miller advances from Government Systems Chief Technology Officer to now lead the segment as President. Both Evan and Craig have extensive track records of success and have built reputations for executing well on significant programs, said Rick Baldridge, president and chief executive officer at Viasat. The Viasat management team is confident in the abilities and experience both Evan and Craig will bring to their expanded roles, and will help drive key Viasat global initiatives, especially as we prepare for the imminent launch of our ViaSat-3 constellation.