Mission Statement, Vision, & Core Values of Viasat, Inc. (VSAT)

Have you ever wondered what drives a company like Viasat, especially considering its presence in the ever-evolving world of global communications? Understanding their mission, vision, and core values provides insight into their strategic direction and company culture. With a reported annual revenue of $4.52 billion for the fiscal year ending March 31, 2024, and a 67.59% growth, how do these guiding principles influence such financial performance and strategic alliances?

Exploring these elements will help you understand how Viasat aims to connect the world and maintain its position in the competitive tech market, despite being one of the worst-performing tech stocks in 2024, having lost 60.56% in market value over the past year. How do these values shape their approach to sustainability and impact, ensuring they contribute to a better, safer, and more inclusive world?

Viasat, Inc. (VSAT) An Overview of

Viasat, Inc. specializes in providing satellite and other wireless communication services. Founded in 1986, the company has grown to offer a range of services, including high-speed internet, secure networking systems, and defense communications. Viasat's products serve residential, commercial, and government clients globally. As of April 2025, Viasat continues to expand its satellite technology and service offerings, focusing on increasing bandwidth and global coverage.

In the fiscal year 2024, Viasat reported significant financial achievements. The company posted record-breaking revenue, driven largely by growth in its satellite services and equipment sales. A notable portion of this revenue came from its key product, the ViaSat-3 satellite constellation, which aims to provide enhanced internet connectivity worldwide. Viasat also saw substantial growth in its government sector, fueled by increased demand for secure communication solutions. The company's strategic focus on expanding its global footprint and investing in advanced satellite technology has underpinned its financial success.

Viasat stands as a leader in the satellite communications industry, consistently pushing the boundaries of technology and service delivery. To delve deeper into what makes Viasat a successful and influential player in its field, explore: Viasat, Inc. (VSAT): History, Ownership, Mission, How It Works & Makes Money

Viasat, Inc. (VSAT) Mission Statement of

Viasat's mission statement reflects its commitment to connecting people and businesses around the world. While a specific, publicly declared mission statement can be challenging to pinpoint, Viasat's actions and strategic communications highlight core themes. These themes revolve around:

• Connecting the unconnected
• Innovating in satellite technology
• Delivering high-quality, reliable services

These elements drive Viasat's long-term goals and business strategies. Viasat aims to bridge the digital divide by providing internet access to underserved areas, pushing the boundaries of satellite capabilities, and ensuring customer satisfaction through dependable services.

Connecting the Unconnected: Viasat focuses on bringing internet connectivity to areas with limited or no access. This commitment is evident in their efforts to expand satellite coverage and develop affordable internet plans. For example, Viasat's ViaSat-3 constellation, once fully operational, aims to deliver high-speed internet globally, focusing on regions where connectivity is lacking. However, after an anomaly with one of the three satellites, only two are expected to provide coverage. The first ViaSat-3 satellite covers the Americas, with the second covering Europe, the Middle East, and Africa. The company is working on mitigation plans to minimize the impact of the anomaly.

Innovating in Satellite Technology: Innovation is at the heart of Viasat's approach. The company continually invests in research and development to create more efficient and powerful satellites. This is demonstrated by their development of the ViaSat-3 class satellites, which are designed to provide significantly more bandwidth than previous generations. As of fiscal year 2024, Viasat invested $475 million in research and development. These technological advancements enable Viasat to offer faster and more reliable internet services to its customers.

Delivering High-Quality, Reliable Services: Viasat is dedicated to providing dependable internet services to its customers. This commitment is reflected in their focus on network reliability and customer support. For instance, Viasat aims to maintain high levels of service uptime and provides customer support to address any issues that may arise. The company also focuses on enhancing its cybersecurity measures to protect customer data and ensure the security of its network. In 2024, Viasat reported revenues of $4.1 billion, indicating a strong market presence and customer base that relies on their services.

Viasat's dedication to these principles is evident in its strategic decisions, technological investments, and customer-focused initiatives. These efforts collectively contribute to the company's overarching goal of making a significant impact in the global connectivity landscape.

Viasat, Inc. (VSAT) Vision Statement of

A vision statement outlines a company's aspirations for the future. While direct quotes of Viasat's official vision statement are not available, an analysis of their strategic goals and public statements provides insight into their overarching vision. Viasat's vision appears to be centered around:

• Connecting the world
• Advancing broadband technology
• Delivering exceptional customer experiences

Connecting the World

Viasat's core business revolves around providing satellite and related services to connect people globally. As of fiscal year 2024, Viasat reported total revenue of $4.1 billion, reflecting its significant role in the global connectivity landscape. The company's investments in satellite technology, such as the ViaSat-3 constellation, aim to increase bandwidth and coverage, particularly in underserved areas. The ViaSat-3 Americas satellite experienced an anomaly, which led to an insurance recovery of $420.9 million as of March 31, 2024. Breaking Down Viasat, Inc. (VSAT) Financial Health: Key Insights for Investors

Advancing Broadband Technology

Viasat's vision includes pushing the boundaries of broadband technology. The company's focus on innovation is evident in its development of advanced satellite systems and ground infrastructure. For example, Viasat's capital expenditures for property, equipment, and software were $687.2 million for the year ended March 31, 2024. These investments are intended to improve the speed, reliability, and availability of its services. The ViaSat-3 constellation, despite the anomaly with the Americas satellite, represents a significant technological advancement aimed at delivering high-speed internet globally. The company continues to work on mitigation plans and explore alternative satellite solutions to fulfill its commitment to global broadband coverage.

Delivering Exceptional Customer Experiences

Viasat aims to provide superior customer experiences through its connectivity solutions. This involves not only delivering high-speed internet but also ensuring reliable service and responsive customer support. Viasat's focus on customer satisfaction is reflected in its efforts to expand its service offerings and improve network performance. The acquisition of Inmarsat in 2023 for $7.3 billion, including the assumption of $3.2 billion in net debt, is expected to enhance its service capabilities and customer reach, particularly in the maritime and aviation sectors. As of March 31, 2024, Viasat had approximately 678,000 fixed broadband subscribers in the U.S., demonstrating its commitment to providing connectivity solutions to a wide customer base.

Viasat, Inc. (VSAT) Core Values of

Viasat, Inc. operates with a set of core values that guide its actions and define its culture. These values reflect the company's commitment to innovation, customer satisfaction, and ethical conduct.

Innovation

Innovation is central to Viasat's identity. The company consistently invests in research and development to create cutting-edge satellite and communication technologies. For the fiscal year 2024, Viasat allocated a significant portion of its revenue to R&D, with expenditures totaling $483.1 million. This investment fuels advancements in satellite technology, ground infrastructure, and related services, enabling Viasat to deliver faster, more reliable, and more efficient connectivity solutions. Viasat's innovation extends beyond technology to encompass business models and customer service approaches. This holistic view of innovation ensures Viasat remains competitive and responsive to evolving market demands.

Examples of Viasat's commitment to innovation:

• Viasat-3 satellite constellation: Viasat is developing a next-generation satellite constellation, Viasat-3, designed to deliver unprecedented bandwidth and coverage. The first Viasat-3 class satellite is expected to provide 1 Terabit per second (Tbps) of capacity.
• Development of advanced cybersecurity solutions: Viasat is actively involved in creating cybersecurity solutions to protect satellite networks and data transmissions.

Customer Focus

Viasat places a high priority on understanding and meeting the needs of its customers. This commitment is reflected in its efforts to provide reliable, high-quality services and personalized support. In fiscal year 2024, Viasat reported $1.2 billion in revenue from its satellite services segment, demonstrating the demand for its offerings. Viasat actively solicits customer feedback and uses it to improve its products and services. The company has implemented various customer satisfaction programs, including surveys, focus groups, and online forums, to gather insights and address concerns promptly. Viasat's dedication to customer focus extends to its partnerships and collaborations. By working closely with its partners, Viasat ensures that its solutions are tailored to meet the specific needs of different markets and customer segments.

Examples of Viasat's commitment to customer focus:

• Customized service plans: Viasat offers a range of service plans tailored to meet the diverse needs of its customers, from residential users to enterprise clients.
• 24/7 customer support: Viasat provides round-the-clock customer support to address any issues or concerns that may arise.

Integrity

Viasat is committed to conducting business with the highest ethical standards. This commitment is reflected in its corporate governance policies, employee training programs, and community involvement initiatives. Viasat's code of conduct emphasizes honesty, transparency, and accountability in all its dealings. The company has established a confidential reporting system that allows employees and stakeholders to report any suspected violations of its code of conduct. Viasat takes these reports seriously and conducts thorough investigations to ensure that any wrongdoing is addressed promptly and effectively. Viasat's commitment to integrity extends beyond its internal operations to encompass its relationships with suppliers, partners, and the communities in which it operates. The company seeks to work with organizations that share its values and are committed to ethical conduct.

Examples of Viasat's commitment to integrity:

• Strong corporate governance policies: Viasat has implemented robust corporate governance policies to ensure accountability and transparency in its operations.
• Employee ethics training: Viasat provides regular ethics training to its employees to reinforce its commitment to ethical conduct.

To gain more insights into Viasat's investor profile, check out this article: Exploring Viasat, Inc. (VSAT) Investor Profile: Who’s Buying and Why?