ViaSat-3 Replacement Unnecessary, but Only a Fraction of Capacity Available: Company

The malfunctioning ViaSat-3 satellite (see 2307130003) won't need to be replaced, but the company expects to recover less than 10% of its planned throughput, Viasat said Thursday. It said the next two ViaSat-3 satellites, ground network mitigation and third-party bandwidth commitments, along with that limited capacity, should cover current and future mobility customer needs. Viasat said it has $420 million in insurance coverage on the satellite and will make a claim before year's end. It said it also will finalize a claim before year's end for the malfunction of its Inmarsat-6 F2 satellite (see 230825000). It said it has $348 million in insurance coverage for that one.