On June 11, Viasat rose 5.41% in pre-market trading, trading at $64.64/share, with trading volume of $185,700. The rally was driven by a major defense contract announcement.

The US Space Force awarded Viasat and Intelsat General Communications two contracts worth a combined $437.7 million under the Protected Tactical SATCOM-Global (PTS-G) program to provide anti-jam satellite communications. The awards cover production of the first two operational satellites of the PTS-G system, known as Swarm 1, including manufacturing, integration, test, launch, and on-orbit checkout. PTS-G is a key component of the USSF SATCOM architecture designed to provide tactical warfighters with a worldwide transponded system.

The contract marks another significant government win for Viasat following its recent selection by Lockheed Martin to provide satellite communications for NOAA next-generation aircraft. The stock had previously declined after Q4 fiscal revenue of $11.71 billion missed the $12.0 billion consensus estimate, with conservative full-year guidance further pressuring shares. This sizable defense order provides a fresh catalyst for recovery.

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