Viasat up after NASA contract announcement

ViaSat

21/01/2025 15:53

** Shares of satellite communications firm Viasat  VSAT.O 
rise 25.3% to $11.15
    ** VSAT says NASA has selected it for a $4.82 bln contract
to help the agency with communication services for its space
missions
    ** The contract is part of NASA's Near Space Network (NSN)
Services program - VSAT
    ** NASA's NSN Services program provides reliable
communications for missions within one million miles of Earth,
using government and commercial assets
    ** VSAT is one of four commercial companies to support
NASA's NSN Services
    ** Two of eight brokerages rate the stock "buy" and six
"hold"; their median PT is $16 - LSEG
    ** VSAT fell ~70% in 2024

 (Reporting by Kamal Choudhury in Bengaluru)
 ((Kamal.Choudhury@thomsonreuters.com;))