ViaSat announces new reporting segment structure

ViaSat outlined additional information about its new segment reporting structure commencing with the quarter ended June 30, 2024. The new segment reporting is designed to better reflect the diverse and attractive end markets the company serves and to provide investors greater insight into Viasat’s business lines and growth opportunities. Commencing with its first quarter of fiscal year 2025, the company will report its financial results based on two new reportable segments: Communication Services and Defense and Advanced Technologies. Communication Services is comprised of four primary business lines: Aviation, Government Satcom, Maritime, and Fixed and Other. Defense and Advanced Technologies is comprised of four primary business lines: Information Security and Cyber Defense, Space and Mission Systems, Tactical Networking, and Advanced Technologies and Other. “We are pleased to share our new reporting structure which helps communicate our markets and value drivers and provides greater insight into our progress in each portion of our business portfolio,” said Mark Dankberg, Chairman of the Board and Chief Executive Officer, Viasat, Inc.