Viasat says it will not replace faulty ViaSat-3 satellite
Posted: Sun, Oct 15, 2023, 10:44 AM ET (1444 GMT)
Viasat says it will not order a replacement for its ViaSat-3 Americas satellite despite losing most of its capacity. The company said Thursday that while it only expects to recover less than 10% of the satellite's planned throughput, that will be enough to meet current and future needs with the use of other satellites and third-party capacity deals. The satellite, launched in April, suffered a malfunction deploying its large antenna, but the company has released few details about the problem. ViaSat-3 Americas has $420 million in total insurance coverage. It is unclear how much the operator could receive after finalizing its claim before the end of the year.
Viasat says it will not order a replacement for its ViaSat-3 Americas satellite despite losing most of its capacity. The company said Thursday that while it only expects to recover less than 10% of the satellite's planned throughput, that will be enough to meet current and future needs with the use of other satellites and third-party capacity deals. The satellite, launched in April, suffered a malfunction deploying its large antenna, but the company has released few details about the problem. ViaSat-3 Americas has $420 million in total insurance coverage. It is unclear how much the operator could receive after finalizing its claim before the end of the year.
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