Gilat Receives $43 Million of Additional Sidewinder ESA Orders from Leading In-flight Connectivity Service Provider
Rhea-AI Summary
Gilat (NASDAQ:GILT) announced additional $43 million in orders from a major in-flight connectivity service provider for its Sidewinder electronically steered antenna (ESA) terminals.
Deliveries over the next 18 months in line-fit and retrofit configurations support growth in mobility and multi-orbit IFC architectures.
Positive
- $43 million in additional Sidewinder ESA terminal orders from a major IFC provider
- 18-month delivery pipeline across both line-fit and retrofit aircraft configurations
- Orders support mobility business growth and adoption of multi-orbit IFC architectures
Negative
- None.
News Market Reaction – GILT
In the Jun 29 session, GILT gained 10.25%, reflecting a significant positive market reaction. Argus tracked a peak move of +5.4% during that session. Our momentum scanner triggered 25 alerts that day, indicating elevated trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 24 | Defense terminal order | Positive | -1.2% | Multi‑million European defense SATCOM terminal order over next 12 months. |
| Jun 15 | Acquisition announcement | Positive | -4.7% | Agreement to acquire Comtech’s Satellite & Space Communications segment for cash. |
| Jun 15 | Counterparty sale news | Positive | -4.7% | Comtech announces sale of most Satellite and Space Communications business to Gilat. |
| Jun 02 | Product showcase | Positive | +0.5% | Expanded tactical unmanned platform portfolio and new Viper Ka‑band ESA at Eurosatory. |
| May 19 | Boeing ESA milestone | Positive | -2.5% | Key Boeing milestone offering Sidewinder ESA as future line‑fit IFC solution. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent positive contract and strategic announcements have often been followed by short‑term share price declines.
Key Terms
electronically steered antenna technical
multi-orbit technical
satellite constellations technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Orders support continued growth in Gilat’s mobility business and validate Sidewinder’s role in next-generation multi-orbit IFC architectures
PETACH TIKVA, Israel, June 29, 2026 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced it has received additional orders of
The awards reflect continued demand for low-profile, high-performance connectivity systems designed to meet airline requirements for superior user experience, reliability, scalability, and global coverage. They further demonstrate the growing shift by satellite operators to antennas that can fully leverage advanced multi-orbit network architectures.
“These significant orders reflect the continued evolution of IFC networks toward high-performance, scalable, multi-orbit architectures,” said Mike Pigott, President of Gilat Stellar Blu. “Sidewinder was designed for this environment, enabling service providers to deliver reliable, high-quality connectivity across diverse routes and increasingly complex network requirements.”
Sidewinder ESA supports operation across multiple satellite constellations, enabling more efficient use of available capacity while maintaining stable, high-throughput connectivity for airline passengers worldwide.
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 Electronically Steered Antennas (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: https://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, including those related to the hostilities between Israel and Iran and the Hezbollah in Lebanon. 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
