Weak signal · 1 July 2026, 06:30 UTC
Viasat/Intelsat General PTS-G $437.7M DoD contract (June 12, outside window).
As the brief logged it
U.S. Space Force awarded contracts to Viasat and Intelsat General Communications LLC for first two PTS-G Swarm 1 anti-jam protected SATCOM satellites. Contract date: June 12, 2026. Combined value: $437.7M. Intelsat General is now a subsidiary of SES post-acquisition. Launch: 2028; IOC: 2029. Read-across: SES's DoD/government revenue pipeline (via the Intelsat acquisition) is receiving fresh contract awards, strengthening the defence/dual-use positioning thesis. However, because "Intelsat General" is operating as a distinct entity, SES should clarify in its next IR communication how PTS-G revenue flows into group financials.
Provenance
Logged in the brief of 1 July 2026.
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