Viasat and Intelsat General Communications secured a $437.7 million firm-fixed-price contract from the U.S. Air Force. The agreement covers the procurement of space vehicles for the Protected Tactical Satellite-Global (PTS-G) program. This initiative provides secure and jam-resistant communication capabilities for military forces.
The U.S. Air Force allocated $150 million in research, development, test, and evaluation funds for fiscal year 2026. Contractors expect to complete the project by March 19, 2029.
Viasat shares rose more than 5% following the May 22, 2026 announcement. This price movement reflects positive investor sentiment regarding the contract award.