Viasat May Be Increasingly Motivated to Spin Off Defense Business: Analyst
Defense contractor L3Harris' announcement that it plans to spin off its rocket motor missile business may prompt Viasat to pursue doing the same with its defense and advanced technologies business, William Blair's Louie DiPalma wrote investors Tuesday. Investors see Viasat…
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as having opportunities to unlock value through its defense tech division and its L-band spectrum assets, DiPalma said. The company's L-band spectrum sets are worth an estimated $5 billion, he noted, while its satellite communications business is worth at least $4 billion.