Viasat revenue grows as investigation continues into malfunctioning $750 million satellite
Publishing timestamp: 2023-08-09 17:52:56
Summary
Viasat reported its quarterly results, with a 36% increase in revenue compared to the previous year. However, the company is still investigating a satellite malfunction and exploring options to supplement the service it expected to add. The malfunction has created challenges, but Viasat is working on corrective actions. The company has insurance on the malfunctioning satellite and expects revenue to continue growing in the future.
Sentiment: MIXED
Keywords: the edge, viasat inc, space industry, breaking news: technology, transportation, technology, breaking news: business, business news, northrop grumman corp, aerospace and defense industry, business,
Source: https://www.cnbc.com/2023/08/09/viasat-vsat-q1-earnings-report.html