ViaSat Awarded $33.9M of MIDS-LVT Lot 13 Production Orders
ViaSat (NASDAQ: VSAT) was awarded Lot 13 orders valued at $33.9 million for Multifunctional Information Distribution System-Low Volume Terminals (MIDS-LVT) for the U.S. Government and Turkey. The orders resulted from a competitive procurement through the Space and Naval Warfare Systems Command (SPAWAR) and were awarded under the MIDS Indefinite Delivery/Indefinite Quantity contract initially executed in March 2010. The MIDS LVT terminals are for U.S. Government E/A-18G, P-3, EP-3E, P-8A, MH-60R, E-2D, B-1, and ground terminal applications (63%), and FMS sales to Turkey (37%).
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