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Financials : Banks | Large Cap Value
Company profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and Bank of America Private Bank; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services and research services.

This security is an American depositary receipt
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Closing Price
$23.56
Day's Change
0.1699 (0.73%)
Bid
--
Ask
--
B/A Size
--
Day's High
23.57
Day's Low
23.33
Volume
(Heavy Day)
Volume:
11,123

10-day average volume:
5,714
11,123

Viasat Partners with Ghana Space Science and Technology Institute to Open its First Real-Time Earth Ground Station in Africa

8:01 am ET November 10, 2021 (PR Newswire) Print

Viasat Inc. (NASDAQ: VSAT), a global communications company, today announced the launch of its first Real-Time Earth (RTE) facility in Africa, located in Accra, Ghana. Viasat worked in partnership with the Ghana Space Science and Technology Institute (GSSTI), a government-based institution under Ghana Atomic Energy Commission (GAEC), focused on coordinating all space, science, technology and related activities in Ghana, to bring new space opportunities and jobs to the region, while expanding Viasat's ability to deliver critical earth observation and remote sensing data on-demand around the world. With this new station, Viasat's RTE global network is now active in five continents.

Viasat RTE provides Ground-Station-as-a-Service (GSaaS) capabilities in support of environmental, insurance, shipping, energy and government operations. It is a fully-managed, affordable ground network that supports next-generation and legacy geosynchronous equatorial orbit (GEO), medium earth orbit (MEO) and low earth orbit (LEO) satellites using the S-, X-, and Ka-bands, enabling operators to meet current and future data requirements.

Specifically in Ghana, Viasat's RTE satellite ground station facility is located at the Ghana Radio Astronomy Observatory, Kuntunse. It includes a Viasat full-motion 7.3M S/X/Ka-band antenna and associated infrastructure. The antenna is currently ready to provide global satellite operators the ability to perform Telemetry, Tracking and Command (TT&C) capabilities as well as rapidly download, stream and/or disseminate valuable satellite-based data in a timely and secure manner.

"The new RTE ground station, located in Ghana, is part of Viasat's strategic growth plan for a global RTE ground service network, with prior operations already located in North America, South America, Australia and Europe," said John Williams, vice president, Real-Time Earth at Viasat. "By working in partnership with GSSTI, we have opened a state-of-the-art RTE facility, bringing jobs and economic growth to the region, while further differentiating Viasat's service through our ability to provide satellite operators access to world-class antenna systems for high-speed RTE connectivity of payload data across a secure network."

Eric Aggrey, research scientist and project manager of Ghana Radio Astronomy Project, GSSTI added, "The development of Viasat's new antenna site has been an extremely positive opportunity for the people and economy of Ghana. We have positively grown our presence in the global space and technology sector and look forward to expanding our relationship with Viasat to bring additional new space opportunities, technologies and skillsets to Africa."

About GSSTIThe Ghana Space Science and Technology Institute is Ghana's Centre of Excellence for research and innovation in Astronomy, Remote Sensing, Climate, and Satellite Instrumentation. For more information, visit www.gssti.org

About ViasatViasat is a global communications company that believes everyone and everything in the world can be connected. For more than 35 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are--on the ground, in the air or at sea. To learn more about Viasat, visit: www.viasat.com, go to Viasat's Corporate Blog, or follow the Company on social media at: Facebook, Instagram, LinkedIn, Twitter or YouTube.

Forward-Looking StatementsThis press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include statements about Viasat's partnership with GSSTI; the features and benefits of the RTE facility, and the facility's positive contribution to the local economy through contract opportunities, ongoing employment opportunities for the Ghana community, and growth of business; and compatibility with next generation satellites. Readers are cautioned that actual results could differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: risks associated with the construction, launch and operation of satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; contractual problems, product defects, regulatory issues, technologies that do not perform according to expectations and other factors affecting the communications market generally. In addition, please refer to the risk factors contained in Viasat's SEC filings available at www.sec.gov, including Viasat's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Viasat undertakes no obligation to update or revise any forward-looking statements for any reason.

Copyright (C) 2021 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat signal are registered trademarks of Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.

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View original content:https://www.prnewswire.com/news-releases/viasat-partners-with-ghana-space-science-and-technology-institute-to-open-its-first-real-time-earth-ground-station-in-africa-301420969.html

SOURCE Viasat, Inc.

https://rt.prnewswire.com/rt.gif?NewsItemId=LA71155&Transmission_Id=202111100800PR_NEWS_USPR_____LA71155&DateId=20211110

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COMTEX_396662304/1005/2021-11-10T08:01:07

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