From Nasdaq:

Viasat Inc. VSAT inks a multi-year, $900 million contract with the U.S. Air Force to foster technology innovation and expedite the testing and integration of new technologies into air force operations. The company recently acquired Inmarsat, and experts will collaborate with Air Force research, development, and operational communities throughout this initiative.

The agreement, valued at $900 million, is enforceable for an initial period of around five years and extendable for an additional five years. Technology transition, systems development and synthetic environment development are a few areas where Viasat will offer discerning expertise. VSAT’s industry-leading communication portfolio will be instrumental in this endeavor.

Viasat’s Satellite Services business is progressing well. VSAT has seen an impressive improvement in in-flight connectivity revenues and displays a competitive advantage in bandwidth economics, global coverage, flexibility, and bandwidth allocation — attributes necessary for mobile broadband’s profitable growth.

Viasat’s stock has a Zacks Rank #3 (Hold). The industry’s rise of 13.2% is in contrast to the company’s 10.8% drop over the last year.

Model N Inc (MODN), Arista Networks, Inc. (ANET), and NVIDIA Corporation (NVDA) are all contenders to consider as well. Each carries a Zacks Rank #2 and presents promising earnings surprise figures.

Arista Networks has strong momentum and diversification across top verticals and product lines, while NVIDIA has evolved from PC graphics to AI-based solutions. Model N provides revenue management solutions for life sciences and technology companies, reporting a 3.33% earnings surprise last quarter.



Read more: Viasat (VSAT) Secures Long-Term Contract With U.S. Air Force