Viasat gets A$252M from Geoscience Australia, Toitu Te Whenua Land Information

Viasat (VSAT) announced a A$252M award from Geoscience Australia and Toitu Te Whenua Land Information New Zealand to deliver additional satellite services for the region’s Southern Positioning Augmentation Network. This expands on a previous SouthPAN award for the company and the estimated net incremental value for Viasat from this agreement is A$214M. SouthPAN is a collaborative satellite-based augmentation system developed jointly by Australia and New Zealand. It provides precise positioning and navigation services to support a number of sectors.