Loral Agrees To Pay ViaSat $100M To Settle Patent Suit

Loral Space and Communications and its former satellite manufacturing division, Space Systems/Loral (SSL), have agreed to pay satellite broadband provider ViaSat Inc. $100 million, plus interest, over the next 2.5 years to settle a ViaSat lawsuit alleging patent infringement and breach of contract, Loral and SSL owner MDA Corp. of Canada announced Sept. 6