Company: VSAT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016993
Chunk: 120

Company: VIASAT INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 2
Chunk 120
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 communication services segment operating profit was primarily due to lower SG&A expenses of $26.1 million (mostly related to support costs) and lower IR&D expenses of $7.3 million (primarily related to narrowband and safety of communication capabilities), partially offset by lower earnings contributions of $30.7 million driven by the decrease in segment revenues.

Defense and advanced technologies segment 

Revenues 

    Three Months Ended

    Dollar

    Percentage

    (In millions, except percentages)
     
    December 31,2024

    December 31,2023

    Increase(Decrease)

    Increase(Decrease)

    Segment service revenues
     
    $
    50.4

    $
    53.1

    $
    (2.7
    )

    (5
    )%

    Segment product revenues

    253.0

    200.6

    52.5

    26
    %

    Total segment revenues
     
    $
    303.4

    $
    253.7

    $
    49.7

    20
    %

Our defense and advanced technologies segment revenues increased by $49.7 million due to a $52.5 million increase in product revenues, partially offset by a $2.7 million decrease in service revenues. The increase in segment product revenues was primarily driven by a $20.9 million increase in tactical networking products (mostly related to tactical terrestrial networking products), in addition to a $17.4 million increase in information security and cyber defense and a $12.6 million increase in space and mission systems. The decrease in segment service revenues was primarily driven by a $5.9 million decrease in tactical networking services (mostly related to government satellite communication systems), partially offset by an increase of $2.6 million in advanced technologies and other and an increase of $2.3 million in space and mission systems.

52

Segment operating profit (loss) 

    Three Months Ended

    Dollar

    Percentage

    (In millions, except percentages)
     
    December 31,2024

    December 31,2023

    Increase(Decrease)

    Increase(Decrease)

    Segment operating profit (loss)
     
    $
    42.7

    $
    11.8

    $
    31.0

    264
    %

    Percentage of segment revenues

    14
    %

    5
    %

The