ViaSat Inc. said May 12 it had a record 2005 in terms of orders, revenues and earnings. The provider of networking and communications equipment for government and commercial customers received $426.2 million in new orders and contract awards for its fiscal year 2005, which ended April 1, up from $346.6 million received in 2004. The company reported revenues and net income in 2005 of $345.9 million and $19.3 million, respectively, up from $278.6 million and $13.2 million during the same period a year ago.

ViaSat’s government segment earned a record $175.4 million in revenues during 2005, up 20.4 percent from 2004. Its commercial segment earned a record $177.4 million in revenues during the just completed year, up 14.9 percent from the previous year.

“Sustained strength in new orders continues to drive financial performance,” ViaSat Chairman and CEO Mark Dankberg said in a prepared statement. “Earnings, earnings per share and new orders all met or exceeded our targets. The company also generated $8 million in operating cash flow this quarter. Given our substantial backlog and new product positions, the outlook for sustained and record growth in revenues, earnings and orders and strong cash flow in fiscal year 2006 seems very favorable.”