Viasat's Link 16 Tactical Data Links product line consists of 450 employees and generates approximately $400M in annual sales. The deal is expected to close in the first half of 2023.
is expected to result in $1.8 billion in net proceeds for Viasat after estimated taxes, fees, and other expenses. The company plans to use proceeds from the sale to reduce debt by 74% and net leverage by 67%.
Viasat expects sales proceeds from the Link 16 TDL sale to fully fund a path to positive free cash flow, including the proposed Inmarsat transaction, with lower leverage and less cash interest.
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