Viasat Shares Rise on Space Force Contract

Dow Jones
06/11

By Katherine Hamilton

 

Viasat shares rose after the company said it received a prime contract from the U.S. Space Force's Space Systems Command to build a fleet of satellites.

The stock rose 7% to $66.05 on Thursday morning. Shares have doubled this year.

The satellite communications company said it will build and launch the first of a proliferated fleet of small, maneuverable geosynchronous Earth orbit $(GEO)$ satellites.

The contract builds on Viasat's completion of the delivery order 1 phase awarded in 2025, where the company matured a system design for GEO satellites.

The new contract is part of the protected tactical SATCOM-global program, which has an indefinite delivery indefinite quantity ceiling value of $4 billion across program awardees.

 

Write to Katherine Hamilton at katherine.hamilton@wsj.com

 

(END) Dow Jones Newswires

June 11, 2026 10:27 ET (14:27 GMT)

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