"We're disappointed by the recent developments," said Mark Dankberg, Chairman and CEO, Viasat. "We're working closely with the reflector's manufacturer to try to resolve the issue. We sincerely appreciate their focused efforts and commitment."
Contingency plans are currently being refined to minimize the economic effect to the company. Potential options include redeploying satellites from Viasat's extensive fleet to optimize global coverage, and/or reallocating a subsequent ViaSat-3 class satellite to provide additional Americas bandwidth. The initial service priority for ViaSat-3 Americas has been to facilitate growth in the company's North American fixed broadband business.
There is no disruption to customers from this event, and no impact to coverage or capacity of the respective Viasat and Inmarsat constellations currently in service. Following the Inmarsat acquisition, Viasat has 12 Ka-band satellites in space, excluding ViaSat-3, with eight additional Ka-band satellites under construction.
The company will share additional information on the status of the ViaSat-3 Americas satellite and any necessary contingency plans during its earnings call which is planned for August 9, 2023.
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