Sustainable position in the government systems segment of defense network components niche, which has multiyear contracts and fairly predictable demand, given funded backlog, with limited competition; Predictable profitability of the equipment businesses; With launch of ViaSat 1, the company is well positioned to provide a much more competitive broadband product relative to its prior WildBlue service offering, as well as relative to cable modem and DSL offerings; and Moderate leverage of around 4x, including $275 million of recently issued notes, net of repayment of revolving credit borrowings. Capital-intensive business plan with high cash capital requirements over the next few years to complete and launch ViaSat 2; High concentration with government business, which represented about 46% of the company's total revenues
