PARIS — Satellite broadband hardware and services provider Viasat Inc. said in-flight connectivity service revenue totaled $150 million for the year ending March 31 on the strength of new in-flight connectivity (IFC)-equipped planes entering service.
The Viasat fleet totaled 1,312 aircraft as of March 31 — up 60% from a year ago — with another 490 in backlog awaiting installation.
The IFC service is lifting Viasat’s Commercial Networks division, which builds the hardware. That division reported a 21% increase in revenue for the year and . . .
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