Viasat raises fiscal 2025 revenue forecast on boost from aviation, defense markets

Quick Summary:

Viasat raised its fiscal year 2025 revenue forecast on Wednesday, indicating a surge in demand for the satellite communications company's connectivity solutions from the aviation and defense markets.

Its net loss narrowed to $33 million in the first quarter, from a net loss of $77 million a year earlier.

FILE PHOTO: Satellite model is placed on Viasat logo in this picture illustration taken April 4, 2022.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Million Solutions Communications Company Year Viasat Customers Satellite Connectivity Cent Revenue

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 15:36:29 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 308 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21979663

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