On June 17, Viasat rose 5.13% in regular trading, trading at approximately $65.74/share, with turnover of $53.99 million. The stock rebounded sharply from recent lows driven by a major defense contract award.

On the news front, Viasat was selected by the U.S. Space Force, jointly with Intelsat, to receive a contract valued at $437.7 million under the Protected Tactical SATCOM-Global program. The contract covers the manufacture, integration testing, launch, and on-orbit verification of the first two operational satellites, providing anti-jamming satellite communication systems for the military. The award confirms Viasat's critical role in national security communications and its dual-band satellite system capabilities.

Within the Communication Equipment sector, the overall tone stabilized following recent heavy selling pressure. Among peers, Applied Optoelectronics rose 1.56%, Nokia rose 0.39%, Lumentum rose 0.18%, and Arista Networks rose 0.86%, while Cisco declined 0.79%. The sector-wide relief from selling pressure provided a supportive backdrop for Viasat's contract-driven rebound.

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