Company: VSAT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016993
Chunk: 85

Company: VIASAT INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 85
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).

Defense and advanced technologies segment

Revenues 

    Nine Months Ended

    Dollar

    Percentage

    (In millions, except percentages)
     
    December 31,2024

    December 31,2023

    Increase(Decrease)

    Increase(Decrease)

    Segment service revenues
     
    $
    154.9

    $
    155.7

    $
    (0.8
    )

    —
    %

    Segment product revenues

    744.1

    696.4

    47.7

    7
    %

    Total segment revenues
     
    $
    899.0

    $
    852.1

    $
    46.9

    6
    %

55

Our defense and advanced technologies segment revenues increased by $46.9 million due to a $47.7 million increase in product revenues, partially offset by a $0.8 million decrease in service revenues. The increase in segment product revenues was primarily due to a $92.5 million increase in tactical networking products (mostly related to tactical terrestrial networking products), as well as a $17.4 million increase in information security and cyber defense. The increase in segment product revenues was partially offset by lower contributions from certain licensing agreements in advanced technologies and other in the current year period (see Note 9 — Commitments and Contingencies to our condensed consolidated financial statements for more information). The decrease in segment service revenues was primarily due to a $5.5 million decrease in information security and cyber defense, partially offset by a $4.1 million increase in space and mission systems.

Segment operating profit (loss)

    Nine Months Ended

    Dollar

    Percentage

    (In millions, except percentages)
     
    December 31,2024

    December 31,2023

    Increase(Decrease)

    Increase(Decrease)

    Segment operating profit (loss)
     
    $
    168.6

    $
    115.9

    $
    52.7

    45
    %

    Percentage of segment revenues

    19
    %

    14
    %

The increase in our defense and advanced technologies segment operating profit was primarily due to higher earnings contributions of $52.8 million, primarily driven by increased revenues and improved margins in tactical networking products (mostly related to tactical terrestrial networking products) with a higher mix of our product revenues associated with our royalty and