Viasat won't replace damaged Americas satellite, moves up financial targets

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Viasat won't replace damaged Americas satellite, moves up financial targets
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Viasat said its current and imminent satellite fleet – as well as support from third parties – 'will meet the current and future needs' of its customers.

Satellite communications giant Viasat expects to meet financial growth targets earlier than expected.

The company said its current and imminent satellite fleet – as well as support from third parties – "will meet the current and future needs" of its key mobility market customers.A long-exposure photo shows a trail left by SpaceX's Falcon Heavy rocket while launching the ViaSat-3 Americas satellite from Florida on April 30, 2023.

The company "is well-positioned to achieve its financial growth objectives" despite the problem. Viasat expects to be free cash flow positive in the first half of 2025, earlier than the second half of 2025 it previously forecast.with the recently launched Viasat-3 Americas satellite, also known as "ViaSat-3 F1," that occurred while deploying the reflector of the spacecraft's antenna.

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