ViaSat Receives $12 M MIDS Tactical Network Terminal Order for Taiwan(CARLSBAD, Calif., February 13, 2007) -- ViaSat Inc. (Nasdaq:VSAT) has been awarded an order valued at more than $12 million for Multifunctional Information Distribution System (MIDS) terminals for the government of Taiwan. This award is for more than 70 LVT(1) configuration terminals plus spares under the Foreign Military Sales (FMS) Program through the Space and Naval Warfare Systems Command (SPAWAR). The order will be for the Taiwan Ministry of National Defense.
ViaSat also received a $3.1 million add-on award to the Lot 7 delivery order from the Space and Naval Warfare Systems Command (SPAWAR), San Diego. This add-on is for MIDS LVT(1), LVT(2) and LVT(7) configuration terminals for U.S. Navy and U.S. Air Force applications. The Lot 7 delivery order was initially announced on July 6, 2006 and has had multiple add-ons bringing the total value of Lot 7 to nearly $90 million.
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"The order from Taiwan is very strategic for us," said Paul Baca vice president of Tactical Data Links at ViaSat. "Taiwan has a large fleet of aircraft and we see this initial win as an excellent entry point for future business in Taiwan. We are also very happy with our MIDS terminal market share growth over the past year. These orders bring the value of our terminal awards since June of last year to more than $100 million."
MIDS LVT is part of a tactical radio system that collects data from many sources and displays an electronic overview of the battlefield using secure, high capacity, jam resistant, digital data and voice. The system is used on US Navy, US Air Force, US Army platforms and military platforms of other nations. ViaSat is one of two U.S. government-qualified manufacturers of Link-16 MIDS airborne terminals and is the only qualified manufacturer of the LVT(2) ground-based terminal.
Source : ViaSat