ViaSat, Boeing Begin Construction of 2 New Satellites

Carlsbad-based ViaSat Inc. said early this week that it and partner Boeing Co. have begun construction of two of the ViaSat-3 class satellites.

ViaSat (Nasdaq: VSAT) plans to place the first of its ViaSat-3 satellites in orbit over the Americas and the second over Europe, the Middle East and Africa.

The satellites will be based on the model 702 electric-propulsion satellite platform from Boeing (NYSE: BA). ViaSat is building the satellite payloads in Tempe, Arizona while Boeing is building the bus structures, or chassis, in El Segundo.

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