03:53 PM EDT, 07/31/2025 (MT Newswires) -- Viasat ( VSAT ) activist investor Carronade Capital Management called for a spinoff or initial public offering of the company's defense and advanced technologies unit.

Carronade, which holds a 2.6% stake in Viasat ( VSAT ), said Thursday in an open letter to investors that "the case for separation is compelling."

"With the strategic review process already underway, we believe this is the clearest, most effective way to unlock the substantial, unrealized value embedded within the company," the letter said.

The Viasat ( VSAT ) unit "could be one of the most attractive standalone defense-technology platforms in the public markets today," the letter said.

Viasat ( VSAT ) shares rose 5/6% in recent Thursday trading.

Price: 16.38, Change: +0.86, Percent Change: +5.55