BA - Boeing delivers first of three satellites to Viasat for launch

2023-03-20 10:19:36 ET

Boeing ( NYSE: BA ) on Monday said it delivered a 702MP+ satellite to network provider Viasat ( VSAT ).

The ViaSat-3 Americas was shipped from a Boeing ( BA ) factory in El Segundo, California, to Florida, where it will be launched to an orbit 22,000 miles from Earth. The spacecraft will be the first of three 702MP+ satellites to make up the ViaSat-3 satellite constellation.

ViaSat-3 Americas in Boeing's El Segundo, California, factory. Photo source: Boeing

“We designed, built and delivered the most powerful satellite platform we have ever provided to a customer,” Michelle Parker, vice president of space mission systems at Boeing Defense, Space & Security ( BA ), said in a statement. "The result really is an engineering marvel."

Boeing's ( BA ) stock on Monday rose as much as 2.4% to $205.87. The shares have risen about 10% in the past 12 months, contrasting with a 10% decline for the Standard & Poor's 500 stock index ( SP500 ).

Seeking Alpha columnist Dhierin Bechai rates Boeing ( BA ) as a Buy on its order pipeline . Contributor Bohdan Kucheriavyi has a Hold rating on Boeing ( BA ) on concerns about the Chinese aviation market.

For further details see: