ViaSat provides status update on Inmarsat-6 F2 power anomaly

Viasat confirmed that its Inmarsat-6 F2 satellite, launched on February 18, has suffered a power subsystem anomaly during its orbit raising phase. At this stage, Viasat and Airbus, the satellite’s manufacturer, are working to determine the root cause of the anomaly and assess whether the satellite will be able to perform its mission. The I6 F2 anomaly does not impact ongoing customer services, and Viasat does not anticipate that it will materially affect the financial outlook for revenue and Adjusted EBITDA growth discussed August 9. The manufacturing and launch costs of the I6 F2 satellite were insured and near-term cash positions are expected to improve. The twin Inmarat-6 F1 satellite launched in December 2021, is operational and continues to perform as expected. Our satellite fleet assets are key factors in the company’s resilience and in enabling sustained growth. The I6 satellites are intended to augment our fleet of geostationary L-band satellites, supplementing capacity and redundant coverage.