secwatch.observer — SEC 8-K summary
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Issuer:     VIASAT INC (VSAT)
CIK:        0000797721
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0001193125-23-003793
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viasat completes sale of Link 16 TDL business to L3Harris for $1.96B in cash
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- Sale closed Jan 3, 2023 for ~$1.96B cash; net proceeds expected ~$1.8B after taxes, fees and expenses.
- Net proceeds to reduce net leverage and increase liquidity; supports shift to global satellite services.
- Link 16 TDL business had ~$400M revenue and ~$125M Adjusted EBITDA for the 12 months ended June 30, 2022.
- Viasat’s Government Systems to focus on broadband satcom, cybersecurity, and space-based technology.
- Pending Inmarsat acquisition remains subject to regulatory approvals; pro forma financials reflect combined impacts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797721/000119312523003793/0001193125-23-003793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797721/000119312523003793/d445363d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-003793

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