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Viasat Inc. (VSAT) has announced that it has secured a prime contract for Ka-band satellite in-flight entertainment (IFE) solutions from Malaysia Airlines. The contract amount has not been disclosed. The IFE services provided by Viasat will aim to offer enhanced Internet capabilities and best-in-class in-flight entertainment options.

As part of the contract, Malaysia Airlines will be using Viasat’s Ka-band IFE solutions in its new Boeing 737-8 fleet. These solutions will enable high-quality, high-speed Internet and video streaming services on passengers’ personal electronic devices, making air travel more digitally accessible and seamless. Passengers will have access to more than 500 on-demand entertainment options and personalized shopping experiences.

Viasat’s Ka-band solutions are designed to provide high-speed Internet connectivity for business jet customers from takeoff to touchdown. It allows aviation clients to reinforce their in-flight connectivity investments, offering smooth web browsing and streaming services. With its unrivaled speed and quality, Viasat’s Ka-band service meets the growing demand for data and provides competitive pricing for the business jet market.

The increasing popularity of high-engagement IFE solutions has led leading airline companies, like Malaysia Airlines, to utilize Viasat’s high-capacity satellite solutions to maximize passenger satisfaction. Viasat stands out from other satellite providers with its impressive bandwidth productivity, setting itself apart from conventional models.

Malaysia Airlines will now be able to offer its customers the opportunity to stream all types of video content and seamlessly access Wi-Fi while on board. Additionally, this partnership is likely to lead to future enhancements and personalization of entertainment on customer seatback screens.

Viasat’s Satellite Services business has shown steady growth in key metrics, including average revenue per user (ARPU) and overall revenues. The growing adoption of in-flight Wi-Fi services, particularly by commercial airlines like Malaysia Airlines, has benefited Viasat’s business.

Although the stock has declined in the past year, Viasat has significant growth potential as a Zacks Rank #3 (Hold) stock.

Key Picks:

– T-Mobile US, Inc. (TMUS): A wireless service provider with a Zacks Rank #2 (Buy). It has a strong track record in delivering positive earnings surprises.
– Arista Networks, Inc. (ANET): A leading provider of software-driven, data-centric solutions. It is likely to benefit from diversification and strong momentum.
– Keysight Technologies, Inc. (KEYS): A provider of electronic design and test solutions with solid adoption and strong demand.

(Source: Zacks Investment Research)

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