In January 2008, the Company entered into several agreements with Space Systems/Loral, Inc. (SS/L), its former parent company Loral Space & Communications, Inc. (Loral) and Telesat Canada related to the Company’s ViaSat-1 satellite, which was placed into service in January 2012. In May 2013, the Company entered into an agreement to purchase the ViaSat-2 satellite from The Boeing Company (Boeing), which satellite was placed into service during the fourth quarter of fiscal year 2018. The Company’s contracts with SS/L and Boeing require the Company to make monthly in-orbit satellite performance incentive payments, including interest through fiscal year 2027 and fiscal year 2028, respectively, subject to the continued satisfactory performance of the applicable satellites. The Company records the net present value of these expected future payments as a liability and as a component of the cost of the satellites. As of March 31, 2021, the Company’s estimated satellite performance incentive obligations and accrued interest for the ViaSat-1 and ViaSat-2 satellites were approximately $27.1 million, of which $4.9 million and $22.2 million have been classified as current in accrued liabilities and non-current in other liabilities, respectively. Under the satellite construction contracts with SS/L and Boeing, the Company may incur up to $32.5 million in total costs for satellite performance incentive obligations and related interest earned with potential future minimum payments of $5.3 million, $5.0 million, $5.3 million, $5.5 million and $5.8 million in fiscal years 2022, 2023, 2024, 2025 and 2026, respectively, with $5.6 million in commitments thereafter.

The Company has entered into satellite construction agreements with Boeing for the construction and purchase of three ViaSat-3 class satellites and the integration of Viasat’s payload and technologies into the satellites. The Company also enters into various other satellite-related purchase commitments, including with respect to the provision of launch services, operation of its satellites and satellite insurance. As of March 31, 2021, future minimum payments under the Company’s satellite construction contracts and other satellite-related purchase commitments for the next five fiscal years and thereafter were as follows:

Fiscal Years Ending	(In thousands)
2022	$	360,547
2023		203,008
2024		20,361
2025		2,271
2026		2,291
Thereafter		9,791
	$	598,269

The Company has various other purchase commitments under satellite capacity agreements which are used to provide satellite networking services to its customers for future minimum payments of approximately $57.2 million, $46.6 million, $16.8 million, $5.9 million and $9.7 million in fiscal years 2022, 2023, 2024, 2025 and 2026, respectively, and $65.4 million of further minimum payments thereafter.