Activist investor Carronade Capital Management is pushing Viasat to split its defense business, valued at $50 per share. The move could boost Viasat’s shares to $50 to $100 each. Viasat’s board will consider the proposal. The defense unit expects mid-teen revenue growth for 2026, with strong gains in cyber defense and space systems.

Viasat’s communication services unit had $3.3 billion in revenue in 2025, while the defense segment brought in $1.22 billion. Carronade, which holds a 2.6% stake in Viasat, is increasing its position and also holds $30 million of the company’s debt. Shares of Viasat rose 1.4% to $16.66 on Friday.

Read more at Yahoo Finance: Activist Carronade builds pressure on Viasat to split business