Company: VSAT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016993
Chunk: 214

Company: VIASAT INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 8
Chunk 214
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 was primarily due to a $48.8 million decrease in fixed services and other (primarily related to fixed broadband services) and a $11.2 million decrease in maritime services. The decrease in segment service revenues was partially offset by a $27.9 million increase in aviation services and a $18.7 million increase in government satcom services. The IFC service revenue increase was driven primarily by the increase in the number of commercial aircraft and business jets receiving our in-flight services through our IFC systems, with our IFC systems installed and in service on approximately 4,030 commercial aircraft (of which approximately 80 were inactive at quarter end, mostly due to standard aircraft maintenance) and approximately 2,000 business jets as of December 31, 2024, compared to approximately 3,540 commercial aircraft (of which approximately 40 were inactive at quarter end, mostly due to standard aircraft maintenance) and approximately 1,700 business jets as of December 31, 2023. We continue to allocate a greater proportion of our bandwidth to our IFC business in preference to our U.S. fixed services business due to bandwidth constraints.

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)
     
    $
    44.4

    $
    36.0

    $
    8.3

    23
    %

    Percentage of segment revenues

    5
    %

    4
    %

The increase in our 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
    )

    (