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Stock Market & Financial Investment News

News Breaks
August 11, 2014
08:17 EDTLORL, VSATLoral Space announces court overturns award in ViaSat suit, orders new trial
Loral Space & Communications (LORL) announced that the trial court on August 8 issued decisions on the post-trial motions filed in the breach of contract and patent infringement lawsuit brought by ViaSat (VSAT) against Loral and Loral's former subsidiary, Space Systems/Loral, or SSL. In its decisions, the court, finding that the jury's damages award resulted in a miscarriage of justice, vacated in full the $283M jury verdict against SSL. The court ordered that a new jury trial be held on the amount of damages and has tentatively scheduled the trial to proceed in November. The court deferred, until August 26, argument on ViaSat's motion seeking an injunction to prevent the manufacture and sale by SSL of additional satellites that infringe ViaSat's patents.
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September 9, 2014
08:03 EDTVSATViaSat awarded $54M for MIDS JTRS development
ViaSat has been awarded $54M from the Space and Naval Warfare Systems Command for co-development and qualification of Tactical Targeting Network Technology capabilities for the Multifunctional Information Distribution System Joint Tactical Radio System. The order was awarded under the MIDS Indefinite Delivery/Indefinite Quantity contract initially executed in March 2010 and recently expanded to a higher ceiling amount to accommodate additional awards.

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