Gilat Signs Strategic Multimillion Partnership with Nelco in India to Deploy SkyEdge IV

Gilat (NASDAQ: GILT) received a multimillion order from Nelco to supply its SkyEdge IV hub platform for a Ka-band service network in India using the GSAT-N2 Ka-band HTS capacity.

Rhea-AI Summary

Gilat (NASDAQ: GILT) received a multimillion order from Nelco to supply its SkyEdge IV hub platform for a Ka-band service network in India using the GSAT-N2 Ka-band HTS capacity. Deliveries are expected over the next 12 months, supporting Aero IFC, cellular backhaul and enterprise connectivity in remote locations.

The agreement positions SkyEdge IV to enable scalable, high-performance HTS services with operational efficiency and service agility for diverse segments including mobility and aviation.

Positive

• Signed multimillion order from Nelco to deploy SkyEdge IV in India
• Deliveries scheduled over 12 months, giving near-term revenue visibility
• Deployment targets Aero IFC, cellular backhaul, and remote enterprise connectivity
• Uses GSAT-N2 Ka-band HTS capacity, enabling high-throughput satellite services

Negative

• None.

Argus May 5 session

+9.43% close to close Open Argus

Details

News Market Reaction – GILT

On May 5, the day this news came out, GILT closed 9.43% above the previous close.

Data tracked by StockTitan Argus for the May 5 session.

Market Context

On May 5, the day this news came out, the stock closed 9.4% above the previous close. A strong posit...

Analysis

On May 5, the day this news came out, the stock closed 9.4% above the previous close. A strong positive reaction aligns with GILT’s prior response to sizeable contract wins, such as the 6.37% move after the over $7 million EnduroStream award. However, other positive operational updates, including U.S. Army orders and product showcases with moves of -2.96% and -5.05%, showed investors sometimes sold into good news. Any sharp upside after this Nelco partnership could be vulnerable if that pattern of mixed follow‑through persisted.

Key Figures

Delivery timeline: 12 months

Delivery timeline

12 months

Deliveries for Nelco SkyEdge IV order expected over the next 12 months

Historical Context

5 past events · Latest: Apr 29

5 events

1. Apr 29

   Defense contract award

   24h Move

   +6.4%

   Over $7 million EnduroStream SSPA order for U.S. Department of War.

2. Apr 20

   Earnings date notice

   24h Move

   -4.2%

   Announcement of Q1 2026 results release and conference call schedule.

3. Mar 18

   Tech demo announcement

   24h Move

   +1.2%

   Virtualized SATCOM gateway modem architecture demo with AWS and partners.

4. Mar 10

   Service orders win

   24h Move

   -3.0%

   Approximately $6 million in new U.S. Army field and technical service orders.

5. Mar 05

   Product showcase

   24h Move

   -5.0%

   Plan to highlight SkyEdge IV and next‑gen satellite connectivity at Satellite 2026.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ka-band, cellular backhaul, multi-orbit, high-throughput satellite

4 terms

ka-band technical

"Ka‑band service launch will enable multiple connectivity services using GSAT‑20 Ka‑band HTS"

Ka-band is a slice of the microwave radio spectrum (roughly 26.5–40 GHz) commonly used for satellite links and high-capacity wireless backhaul. Because it carries more data per second and lets antennas be smaller, it can enable faster internet and more channels, but its higher frequency is also more prone to signal loss in heavy rain or obstacles. Investors track Ka-band deployment and equipment costs because it affects a company’s ability to deliver high-speed services, coverage economics, and revenue potential.

cellular backhaul technical

"including Aero IFC, cellular backhaul and enterprise connectivity in remotest locations"

Cellular backhaul is the network of links that carries voice and data from individual cellular towers or small cells to the operator’s central network and the internet, using fiber, microwave or other connections. Its capacity, reliability and cost determine how well a mobile operator can deliver faster speeds, expand coverage and control capital and operating expenses—think of it as the highways that must be widened and maintained when traffic grows.

multi-orbit technical

"SkyEdge IV is Gilat’s multi-orbit satellite ground system designed to support"

A multi-orbit system or service uses spacecraft, satellites or missions that operate in more than one orbital zone around Earth (for example low, medium and geostationary altitudes) rather than staying in a single orbit. For investors, multi-orbit capability can mean broader markets, better reliability and more flexible revenue options—like a delivery company that can use bikes, vans and trucks to reach different neighborhoods and load sizes.

high-throughput satellite technical

"support high-throughput satellite services with the flexibility required"

A high-throughput satellite is a communications satellite designed to deliver far more data capacity than traditional satellites by using many narrow, focused beams and modern signal techniques — think of it as a multi-lane highway for internet and data in the sky. For investors, it matters because higher capacity can lower the cost of providing satellite broadband and support more customers or services, which affects revenue potential, competition, and capital needs for companies operating or using these satellites.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Ka‑band service launch will enable multiple connectivity services using GSAT‑20 Ka‑band HTS capacity

PETAH TIKVA, Israel, May 05, 2026 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced that it received a multimillion order from Nelco, a leading Satcom service provider in India. Deliveries are expected over the next 12 months.

Under the agreement, Nelco has chosen Gilat’s SkyEdge IV hub platform to deploy the most advanced Ka-band service network in India using GSAT-N2 Ka-band HTS satellite. The deployment will enable scalable, high-performance connectivity across multiple segments including Aero IFC, cellular backhaul and enterprise connectivity in remotest locations etc., delivering the performance and flexibility required for such segments.

“Nelco’s selection of SkyEdge IV reflects the platform’s ability to support high-throughput satellite services with the flexibility required for diverse service requirements,” said Ron Levin, President of Gilat’s Commercial Division. “We are pleased to work with Nelco as they expand advanced connectivity services across enterprise, mobility, and aviation markets.”

SkyEdge IV is Gilat’s multi-orbit satellite ground system designed to support high-capacity broadband networks with operational efficiency and service agility, enabling satellite operators to deploy and manage advanced HTS services.

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, 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

PublicRelations@gilat.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Gilat (GILT) announce about the Nelco order on May 5, 2026?

Gilat announced a multimillion order from Nelco to deploy SkyEdge IV in India. According to the company, deliveries are expected over the next 12 months and will use GSAT-N2 Ka-band HTS capacity for multiple connectivity segments.

How will SkyEdge IV support Nelco's Ka-band service network for GILT?

SkyEdge IV will provide a multi-orbit hub platform for high-capacity HTS services. According to the company, the platform supports operational efficiency, service agility, and diverse use cases like Aero IFC and cellular backhaul.

What connectivity segments will the Nelco deployment target for GILT's technology?

The deployment will target Aero in-flight connectivity, cellular backhaul, and enterprise connectivity in remote locations. According to the company, these segments require scalable, high-performance Ka-band HTS services.

When will Nelco's Gilat equipment be delivered and installed for GILT?

Deliveries are expected to occur over the next 12 months following the May 5, 2026 announcement. According to the company, the schedule covers rollout of SkyEdge IV hubs to support the GSAT-N2 Ka-band network.

Does the Nelco agreement indicate new revenue opportunities for Gilat (GILT)?

The agreement represents a multimillion commercial order that can generate near-term revenue as equipment is delivered. According to the company, the deal enables expanded HTS services across enterprise, mobility, and aviation markets.