Viasat gets contract to design lunar orbiting satellite system; shares up
25/03/2025 15:23
** Shares of satellite communications firm Viasat VSAT.O rise 3.9% to $11.60 ** Viasat selected to lead lunar orbiting satellite communications portion of European Space Agency's Moonlight Program ** Co to work alongside satellite services and operations firm Telespazio and a host of other European and UK companies ** VSAT will be responsible for design and development of the communication network ** Project expected to create Europe's first lunar orbiting satellite network ** Stock had fallen 69.6% in 2024 (Reporting by Harshita Mary Varghese in Bengaluru) ((HarshitaMary.Varghese@thomsonreuters.com))
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