Viasat Inc.

(NASDAQ:VSAT) stock rose more than 6% on Thursday after the satellite communications company secured a major U.S. military contract.

The Nasdaq gained 0.46%, while the S&P 500 edged up 0.04%.

Space Force Selects Viasat Viasat won a U.S.

Space Force contract under the Protected Tactical SATCOM-Global (PTS-G) program to build, launch, and operate the first satellite in the Swarm 1 fleet.