Gilat Receives $39 Million in Orders for Sidewinder ESA Terminals
Rhea-AI Summary
Gilat (NASDAQ: GILT) received $39 million in orders for its Sidewinder electronically steered antenna (ESA) in-flight connectivity terminals from a leading satellite operator, covering both linefit and retrofit installations. Deliveries are expected over the next 12 months, supporting multi-orbit (LEO, MEO, GEO) deployment and expanding Gilat's aviation connectivity footprint.
Positive
- $39 million firm orders for Sidewinder ESA terminals
- Deliveries scheduled over the next 12 months
- Orders cover both linefit and retrofit installations
- Supports multi-orbit (LEO, MEO, GEO) connectivity capabilities
Negative
- Orders originate from a single unnamed satellite operator, indicating concentration risk
News Market Reaction – GILT
On the day this news was published, GILT gained 8.08%, reflecting a notable positive market reaction. Argus tracked a peak move of +3.1% during that session. Our momentum scanner triggered 26 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $85M to the company's valuation, bringing the market cap to $1.14B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Communication equipment peers showed mixed moves, with names like ADTN up 1.49% and TSAT up 2.09%, while NTGR, AVNW and CLFD fell between ‑1.50% and ‑2.56%. The momentum scanner only flagged AUDC moving down, indicating today’s news-driven setup for GILT looks stock-specific rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 17 | Defense SATCOM order | Positive | +3.2% | Won <b>$9M</b> Ministry of Defense SATCOM contract for next-gen modems. |
| Feb 12 | Defense SATCOM order | Positive | -3.3% | Received over <b>$16M</b> SATCOM terminal order from European Ministry of Defense. |
| Feb 10 | Earnings results | Positive | -21.9% | Reported strong Q4 and 2025 revenue and record adjusted EBITDA with growth guidance. |
| Feb 4 | LEO gateway order | Positive | -4.9% | Secured order over <b>$10M</b> for Wavestream Ka amplifiers for LEO gateways. |
| Jan 28 | Investor conferences | Positive | +3.9% | Announced participation in early-February investor conferences with senior management. |
Recent history shows several positive contract and earnings headlines, yet price reactions have often been negative, indicating a pattern of selling into good news.
Over the past month, Gilat reported multiple business wins and strong results. Defense and SATCOM orders of $9M on Feb 17, over $16M on Feb 12, and over $10M on Feb 4 were followed by mixed to negative price moves. Strong Q4 and 2025 results on Feb 10, including revenue of $137.0M for Q4 and $451.7M for 2025, saw a sharp selloff. Today’s $39M ESA order extends that run of sizable bookings across defense, ground and in‑flight connectivity segments.
Market Pulse Summary
The stock moved +8.1% in the session following this news. A strong positive reaction aligns with the company’s string of sizable contract wins, including the new $39M Sidewinder ESA order and prior defense and LEO deals. However, historical data show several instances where positive news was followed by sharp pullbacks, including the Feb 10 earnings reaction. Investors watching this type of move would typically monitor subsequent contract flow and execution metrics to gauge durability.
Key Terms
electronically steered antenna technical
retrofit technical
multi orbit technical
in-flight connectivity technical
geo technical
AI-generated analysis. Not financial advice.
New orders for Linefit and Retrofit installations underscore rising global demand for Gilat’s advanced Multi Orbit ESA technology
PETAH TIKVA, Israel, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that it has received
These new orders of additional Sidewinder ESA terminals highlight the accelerating global shift toward ESA solutions as airlines and service providers work to meet rapidly growing demand for high quality in-flight broadband. With its compact architecture, multi-orbit flexibility and exceptional efficiency, the Sidewinder ESA terminal, suitable for both linefit and retrofit installation, is designed to deliver a consistently high quality connectivity experience across diverse aircraft types and flight paths.
"Demand for high-performance ESA terminals continues to grow as airlines seek quality multi-orbit connectivity solutions that provide seamless broadband across geographies and satellite constellations," said Ron Levin, President, Gilat Commercial. "The Sidewinder ESA provides the efficiency, flexibility and reliability required by aviation customers, whether for retrofit or linefit installations, strengthening our leadership position in the expanding market for advanced in-flight connectivity in LEO, MEO and GEO orbits."
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.
Together with our wholly owned subsidiaries Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu, we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a software-defined platform and modems, high-performance satellite terminals, advanced Satellite On-the-Move (SOTM) antennas and ESAs, highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services.
Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, cellular backhaul, enterprise, aerospace and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.
Contact:
Gilat Satellite Networks
FAQ
What did Gilat announce on February 24, 2026 regarding Sidewinder ESA orders (GILT)?
How many months will Gilat take to deliver the $39 million Sidewinder ESA orders (GILT)?
Do Gilat's Sidewinder terminals support multiple satellite orbits (GILT)?
Are the $39 million Sidewinder orders for retrofit or linefit installations (GILT)?
What is the investor significance of Gilat's $39 million Sidewinder orders (GILT)?
