What Viasat, Inc. told the SEC could break it.

Viasat relies on contract manufacturers to produce the majority of its products and obtains some components, subassemblies and services from sole-source or a limited group of suppliers; it discloses it has in the past experienced supply disruptions, so loss of a single supplier or CM could cut its control over price, delivery and quality.

“we intend to continue to rely on contract manufacturers to produce the majority of our products. In addition, some components, subassemblies and services necessary for the manufacture of our products are obtained from a sole source supplier or a limited group of suppliers.”

Viasat's government segment runs substantially on fixed-price federal contracts, and substantially all of its U.S. Government backlog can be terminated at the government's convenience with limited or no penalties — so budget shifts, shutdowns or procurement changes could erase scheduled revenue and contracts.

“Substantially all of our U.S. Government backlog scheduled for delivery can be terminated at the convenience of the U.S. Government because our contracts with the U.S. Government typically provide that orders may be terminated with limited or no penalties.”

About 32% of Viasat's FY2026 revenue came from international sales, exposing its hardware (satellites, ground infrastructure, terminals) to import-export control regulations, tariffs and export-license timing — disruptions to which could raise costs or delay cross-border equipment shipments and contracts.

“Approximately 32% of our total revenues in fiscal year 2026 were derived from international sales. Conducting business internationally involves additional risks, including unexpected changes in laws, policies and regulatory requirements (including regulations related to import-export control and tariffs).”