Gilat Signs Strategic Multimillion Partnership with Nelco in India to Deploy SkyEdge IV
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.
News Market Reaction – GILT
In the May 5 session, GILT gained 9.43%, reflecting a notable positive market reaction. Argus tracked a peak move of +6.5% during that session. Our momentum scanner triggered 30 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 |
|---|---|---|---|---|
| Apr 29 | Defense contract award | Positive | +6.4% | Over $7 million EnduroStream SSPA order for U.S. Department of War. |
| Apr 20 | Earnings date notice | Neutral | -4.2% | Announcement of Q1 2026 results release and conference call schedule. |
| Mar 18 | Tech demo announcement | Positive | +1.2% | Virtualized SATCOM gateway modem architecture demo with AWS and partners. |
| Mar 10 | Service orders win | Positive | -3.0% | Approximately $6 million in new U.S. Army field and technical service orders. |
| Mar 05 | Product showcase | Positive | -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.
Operational contract wins and technology showcases often drew mixed reactions, with some awards lifting the stock and other positive updates sold into, indicating inconsistent follow‑through on good news.
Over the last few months, GILT reported several contract and technology milestones. A defense order of over $7 million on Apr 29 saw the stock gain 6.37%. Earlier, approximately $6 million in U.S. Army support orders on Mar 10 coincided with a -2.96% move, and a SkyEdge IV and 5G showcase on Mar 5 with a -5.05% reaction. The new Nelco partnership again centers on SkyEdge IV and contract activity, fitting this pattern of operational wins with varied price responses.
Key Terms
ka-band technical
cellular backhaul technical
multi-orbit technical
high-throughput satellite technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
