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Viasat Inc. (VSAT) has been awarded a contract by Malaysia Airlines to provide Ka-band satellite in-flight entertainment (IFE) solutions for its new Boeing 737-8 fleet. The financial details of the contract were not disclosed.

The agreement will enable Malaysia Airlines to offer enhanced Internet capabilities and best-in-class in-flight entertainment options to its passengers. Viasat’s Ka-band solutions will deliver high-quality, high-speed Internet and video streaming services on personal electronic devices, providing a digitally accessible and seamless air travel experience. Passengers will have access to over 500 on-demand entertainment options and personalized shopping experiences.

Viasat’s Ka-band service is designed to meet the growing demand for data and offers unrivaled speed and quality. It provides business jet customers with high-speed Internet connectivity throughout their flight, allowing them to stay connected and enjoy smooth web browsing and streaming services. The service leverages global bandwidth to deliver advanced Internet service at competitive prices, boosting the competitiveness of the business jet market.

The increasing popularity of high-engagement IFE solutions has led many airlines to consider Viasat’s satellite solutions to maximize passenger satisfaction. Viasat’s impressive bandwidth productivity sets it apart from other satellite providers, and its advanced Internet connectivity will allow Malaysia Airlines customers to stream video content and access Wi-Fi onboard. It is also expected to pave the way for future enhancements and personalization on customer seatback screens.

Viasat’s Satellite Services business has been performing well, with steady growth in average revenue per user (ARPU) and impressive revenue growth. The growing adoption of in-flight Wi-Fi services by airlines like Malaysia Airlines is benefiting the business.

Despite a decline in the stock price over the past year, the inherent growth potential of Viasat as a Zacks Rank #3 (Hold) stock is promising.

Note: This is a rewritten and reformatted version of the original article, incorporating the requested changes.

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