BUZZ-Viasat up after NASA contract announcement

Shares of satellite communications firm Viasat VSAT.O rise 25.3% to $11.15

VSAT says NASA has selected it for a $4.82 bln contract to help the agency with communication services for its space missions

The contract is part of NASA's Near Space Network (NSN) Services program - VSAT

NASA's NSN Services program provides reliable communications for missions within one million miles of Earth, using government and commercial assets

VSAT is one of four commercial companies to support NASA's NSN Services

Two of eight brokerages rate the stock "buy" and six "hold"; their median PT is $16 - LSEG

VSAT fell ~70% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))