ViaSat, Inc. ( VSAT ) saw its stock climb on Friday after announcing that its subsidiary, Inmarsat Global Ltd., reached a binding settlement agreement with Ligado Networks and AST & Science LLC concerning Ligado's proposed restructuring.

Under the terms of the agreement, ViaSat ( VSAT ) expects to receive a total of $568 million in fiscal year 2026 from Ligado.

The company said the funds will primarily go toward reducing near-term debt and improving its long-term capital structure.

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The payment schedule, pending approval by the Bankruptcy Court, includes several components.

Ligado is expected to resume quarterly payments of approximately $16 million to Inmarsat beginning September 30, 2025, with a 3% annual increase through 2107.

Additionally, two large lump sum payments are scheduled: $420 million on October 31, 2025, and $100 million on March 31, 2026.

The combined payments are expected to total $568 million by the end of March 2026.

The agreement also includes an immediate stay and future dismissal of Ligado's lawsuit against Inmarsat, conditional on the settlement's terms.

ViaSat ( VSAT ) confirmed that its global mobile satellite services remain fully operational and unaffected by the legal settlement.

The company emphasized its ongoing dedication to interference-free operations and innovation in satellite communications, especially in multi-orbit MSS technologies.

Mark Dankberg, Chairman and CEO of ViaSat ( VSAT ), stated, "We are pleased that our patient and disciplined approach to Ligado's bankruptcy paid off, resulting in a positive outcome for Viasat ( VSAT ) and our employees, customers, and shareholders."

He added that the financial benefits support the original goals of acquiring Inmarsat and help reinforce ViaSat's ( VSAT ) long-term growth strategy.

Dankberg also reaffirmed the company's efforts to build an open-architecture MSS framework, working with MSSA and other partners to foster new-generation satellite solutions.

According to Benzinga Pro, VSAT stock has lost over 8% in the past year. Investors can gain exposure to the stock via Procure Space ETF ( UFO ) .

Price Action: VSAT shares are trading higher by 13.1% to $12.89 at last check Friday.

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