Company: VSAT
Filing Date: 2025-05-27
Form Type: 10-K
Source: 0000950170-25-077138
Chunk: 40

Company: VIASAT INC
Filing Date: 2025-05-27
Form: 10-K
Item: Item 6
Chunk 40
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     Segment product revenues

     936.1

     685.0

     251.1

     37
     %

     Total segment revenues
      
     $
     1,142.2

     $
     851.4

     $
     290.8

     34
     %
    
    Our defense and advanced technologies segment revenues increased by $290.8 million due to a $251.1 million increase in product revenues and a $39.7 million increase in service revenues. The increase in segment product revenues was primarily due to increases of $120.5 million in information security and cyber defense, $57.7 million in advanced technologies and other, mainly related to higher contributions from certain licensing agreements in advanced technologies and other in fiscal year 2024 compared to fiscal year 2023 (see Note 15 — Contingencies to our consolidated financial statements for more information), $50.0 million in space and mission systems, $23.0 million in tactical networking. The increase in segment service revenues was primarily driven by increases of $18.7 million in space and mission systems, $7.4 million in tactical networking, $7.0 million in advanced technologies and other and $6.5 million in information security and cyber defense. Segment operating profit (loss) 

     Fiscal Years Ended

     Dollar

     Percentage

     (In millions, except percentages)
      
     March 31, 2024

     March 31, 2023

     Increase(Decrease)

     Increase(Decrease)

     Segment operating profit (loss)
      
     $
     154.4

     $
     63.3

     $
     91.2

     144
     %

     Percentage of segment revenues

     14
     %

     7
     %

    The increase in our defense and advanced technologies segment operating profit was primarily due to higher earnings contributions of $137.5 million, mainly due to an increase in segment product revenues. The increase in our segment operating profit was partially offset by a $30.1 million increase in SG&A costs and a $16.3 million increase in IR&D expenses (primarily related to tactical satcom radio products and information assurance projects).    

62

Backlog Our firm and funded backlog as of March 31, 2025 is reflected in the table below. 

     As ofMarch 31, 2025

     (In millions)