Does SouthPAN Expansion Deepen Viasat’s (VSAT) Edge in Global Satellite Infrastructure?

• On August 19, 2025, Geoscience Australia and Toitū Te Whenua Land Information New Zealand announced a A$252 million expansion contract with Viasat to provide additional satellite services for the Southern Positioning Augmentation Network (SouthPAN) across Australia and New Zealand.
• This development significantly extends Viasat's government partnerships in the region and reinforces its influence in delivering crucial satellite-enabled positioning and navigation services for a range of sectors.
• We'll examine how this expanded government contract may support Viasat's positioning in global satellite infrastructure and its investment outlook.

The end of cancer? These 26 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's.

Viasat Investment Narrative Recap

To own shares in Viasat, you need confidence in its global satellite expansion and ability to secure recurring government and enterprise contracts as a path to long-term growth. The A$252 million SouthPAN contract strengthens Viasat’s public sector presence, but does not materially ease concerns about high capital expenditures and pressure on free cash flow, which remain the main short-term issues for the company.

Among recent announcements, the August launch of HaloNet™ stands out, offering a modular connectivity platform that blends satellite and terrestrial networks. This innovation could support Viasat’s efforts to capture new government and commercial clients, aligning with catalysts like increased demand for secure, hybrid connectivity across multiple regions and sectors.

However, it is important to be aware that, despite new contract wins, the pressure of ongoing capital spending remains a key risk and ...

Read the full narrative on Viasat (it's free!)

Viasat's narrative projects $5.0 billion revenue and $534.2 million earnings by 2028. This requires 2.9% yearly revenue growth and a $1,132.7 million increase in earnings from -$598.5 million.

Uncover how Viasat's forecasts yield a $24.29 fair value, a 9% downside to its current price.

Exploring Other Perspectives

Six fair value estimates from the Simply Wall St Community range from US$8.40 to US$112.88, highlighting a wide spread of opinions. While many see potential, persistent high capital expenditures continue to shape debate about Viasat’s ability to generate positive free cash flow in the near future.

Explore 6 other fair value estimates on Viasat - why the stock might be worth over 4x more than the current price!

Build Your Own Viasat Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Viasat research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Viasat research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Viasat's overall financial health at a glance.

Looking For Alternative Opportunities?

These stocks are moving-our analysis flagged them today. Act fast before the price catches up:

• These 12 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch.
• AI is about to change healthcare. These 27 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.
• We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com