Viasat To Sell Link 16 Tactical Data Links Business To L3Harris For $1.96 Bln

RTTNews | hace 939
Viasat To Sell Link 16 Tactical Data Links Business To L3Harris For $1.96 Bln

(RTTNews) - Viasat Inc. (VSAT), a global leader in satellite communications, announced Monday it has entered into a definitive agreement to sell its Link 16 Tactical Data Links (TDL) business to L3Harris Technologies, Inc. (LHX) for $1.96 billion, subject to customary transaction adjustments in accordance with the agreement.

The sale is expected to result in cash proceeds to Viasat of approximately $1.8 billion net after estimated taxes, fees, and other expenses.

Viasat's Link 16 Tactical Data Link business is part of its Government Systems segment. The sale includes the Multifunctional Information Distribution System (MIDS) platforms and associated next-generation Link 16 terminals and handheld radios, as well as the Link 16 to space business.

Viasat intends to use the proceeds of the Link 16 TDL sale to reduce net leverage and increase liquidity.

The Link 16 TDL sale is expected to close in the first half of calendar year 2023 and is subject to regulatory approvals and customary closing conditions. Viasat received approval for the Link 16 TDL sale from Inmarsat's equity sponsors.

read more
Viasat Awarded Up To $900 Mln Multi-Vendor Contract By US Air Force

Viasat Awarded Up To $900 Mln Multi-Vendor Contract By US Air Force

Satellite communications provider Viasat, Inc. (VSAT) announced Thursday it will work with the U.S. Air Force's Life Cycle Management Center (USAF LCMC) to transition and integrate new innovative technologies and capabilities as part of a $900 million ceiling, Indefinite Delivery/Indefinite Quantity (IDIQ) contract.
RTTNews | hace 488
Viasat Awarded 5-Year $325 Mln IDIQ Contract By U.S. Special Operations Command

Viasat Awarded 5-Year $325 Mln IDIQ Contract By U.S. Special Operations Command

Communications company Viasat Inc. (VSAT) announced Thursday it was awarded an indefinite delivery, indefinite quantity (IDIQ) contract award worth up to $325 million over a five-year period to support the U.S. Special Operations Command (SOCOM). This sole-source IDIQ is an extension of a $350 million IDIQ contract awarded to Viasat in 2017.
RTTNews | hace 852
DAX Rises Again As Strong Results, Easing Tariff Concerns Lift Sentiment

DAX Rises Again As Strong Results, Easing Tariff Concerns Lift Sentiment

German stocks are up firmly in positive territory on Tuesday with investors reacting to a slew of corporate earnings announcements. Easing concerns about U.S. tariffs, and data showing an improvement in German consumer sentiment contribute as well to the positive sentiment in the market.
RTTNews | hace 24 minutos
Spain GDP Growth Softens; Inflation Eases

Spain GDP Growth Softens; Inflation Eases

Spain's economic growth slowed marginally in the first quarter and inflation weakened in April on lower gas and electricity prices, official data showed on Tuesday. Gross domestic product expanded 0.6 percent in the first quarter, which was slightly slower than the revised 0.7 percent growth posted a quarter ago, the preliminary data from the statistical office INE showed.
RTTNews | hace 47 minutos
Yen Rises Ahead Of BoJ Monetary Policy Meeting

Yen Rises Ahead Of BoJ Monetary Policy Meeting

The Japanese yen strengthened against other major currencies in the Asian session on Tuesday, as traders await the Bank of Japan (BoJ) monetary policy decision due this week.
RTTNews | hace 3h 21min