Viasat's Financial Targets Rise as Damaged Americas Satellite Remains Unreplaced

Viasat announced that it will not replace its damaged $750 million ViaSat-3 Americas satellite, stating that its current and upcoming satellite fleet, along with third-party support, will meet the needs of its key mobility market customers despite the lost bandwidth. The company expects to achieve its financial growth objectives earlier than expected and anticipates being free cash flow positive in the first half of 2025. Viasat also plans to finalize a $420 million insurance claim for the ViaSat-3 Americas satellite and a $348 million claim for the I6 F2 backup satellite, totaling $768 million.