On July 2, Viasat rose 6% in regular trading, trading at $86.85 USD/share, with turnover of $21.05 million. The stock continues to benefit from broad momentum in space concept stocks, having surged over 17% in the prior session amid sector-wide buying.

On the news front, Viasat was recently selected by the US Space Force to deliver a dual-band satellite system under the Protected Tactical SATCOM-Global program, marking a significant expansion of its national security communications role. Additionally, Lockheed Martin chose Viasat to provide hybrid satellite communications platform support for NOAA next-generation aircraft. These contract wins have bolstered investor confidence in the company's government and defense revenue pipeline.

Within the Communication Equipment sector, peers showed broad weakness on the day, with Applied Optoelectronics down 2.03%, Lumentum down 1.78%, Cisco down 1.65%, Nokia down 0.66%, and Arista Networks down 0.06%, highlighting Viasat's notable outperformance relative to the sector.

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