Leading Global Satellite Operator Awards Gilat Over $20 Million in SkyEdge Orders
Rhea-AI Summary
Gilat Satellite Networks (NASDAQ: GILT) announced it has received over $20 million in orders from a leading global satellite operator for its SkyEdge services and systems. The package covers ongoing services, advanced ground segment systems, and network management capabilities, with most deliveries expected within 24 months.
According to Gilat, these multi-orbit ground technology orders support applications such as mobility, enterprise broadband, cellular backhaul and other high-demand services, and reflect continued customer investment and confidence in the company’s solutions for increasingly complex, multi-orbit satellite networks.
Positive
- New SkyEdge orders exceeding $20 million from a leading operator
- Most order deliveries expected within 24 months, supporting near- to mid-term revenue
- Orders include advanced systems, services, and network management capabilities
- Demand tied to multi-orbit connectivity across mobility, broadband, and cellular backhaul
Negative
- None.
News Market Reaction – GILT
On the day this news was published, GILT declined 0.84%, reflecting a mild negative market reaction. Argus tracked a trough of -11.4% from its starting point during tracking. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $8M from the company's valuation, bringing the market cap to $901.12M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 07 | Defense orders | Positive | -5.6% | U.S. Department of War field services and custom SATCOM terminal orders. |
| Jun 29 | ESA orders | Positive | +10.3% | Additional Sidewinder ESA orders from major in‑flight connectivity provider. |
| Jun 24 | Defense terminals order | Positive | -1.2% | Multi‑million dollar customized SATCOM terminals for European defense communications. |
| Jun 15 | Acquisition agreement | Neutral | -4.7% | Agreement to acquire Comtech’s Satellite & Space Communications segment for cash. |
| Jun 15 | Asset sale counterparty | Neutral | -4.7% | Comtech announcement of sale of satellite and space communications business to Gilat. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news, including sizable contract wins and the Comtech deal, has more often seen the stock trade lower despite generally positive or strategic headlines.
Key Terms
multi-orbit technical
ground segment technical
cellular backhaul technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Orders for advanced systems, network management and ongoing services reflect continued customer investment in Gilat’s multi-orbit ground technology
PETACH TIKVA, Israel, July 15, 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 over
The orders demonstrate continued demand for Gilat's satellite communications solutions supporting multi-orbit connectivity. They include ongoing services, advanced ground segment systems, and network management capabilities that improve network performance, scalability, and operational efficiency.
As the satellite industry continues its evolution toward multi-orbit architectures, operators require technologies and services that enable seamless operations across increasingly sophisticated network environments. Gilat's comprehensive portfolio supports a broad range of applications, including mobility, enterprise broadband, cellular backhaul, and other high-demand communications services, helping operators optimize network resources, enhance service delivery, and provide reliable, high-performance connectivity to end users worldwide.
“These significant orders underscore the confidence leading satellite operators place in Gilat’s services, technology and systems as they continue to expand and enhance their networks,” said Ron Levin, President of Gilat’s Commercial Division. “We are proud of the trust our customers place in Gilat as they continue to evolve their networks for an increasingly multi-orbit world. These awards reinforce the strength of our long-term relationships and our commitment to helping customers address increasingly complex connectivity requirements."
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
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and can generally be identified by the use of forward-looking terminology such as “estimate,” “project,” “intend,” “expect,” “believe,” “anticipate,” “plan,” “may,” “will,” “seek,” “could,” “should,” or similar expressions. These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements of Gilat to differ materially from those expressed in, or implied by, such statements. These risks and uncertainties include, among others, changes in general economic, market and business conditions; failure to maintain market acceptance of Gilat’s products; failure to timely develop and introduce new technologies, products and applications; rapid changes in the markets in which Gilat operates; increased competition, loss of market share or pressure on prices; loss of key OEM partners; inability to attract and retain qualified personnel; inability to protect proprietary technology; and risks associated with Gilat’s international operations and its location in Israel, including those arising from regional military conflicts and geopolitical instability. For additional information regarding these and other risks and uncertainties, please refer to Gilat’s filings with the U.S. Securities and Exchange Commission. Gilat undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contact:
Gilat Satellite Networks
