Gilat Satellite Stock Price, News & Analysis

Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) announced the certification of its SkyEdge IV platform for O3b mPOWER, O3b, and SES-17 by SES, marking it as the industry's first GEO-MEO multi-orbit certified system. Following rigorous testing, SES confirmed that the platform meets the requirements for high reliability and performance, ideally serving enterprise customers and mobile networks. The SkyEdge IV platform enhances SES's ability to deliver low latency and high-availability services across various applications, including maritime operations. This certification underscores Gilat's commitment to advancing satellite networking technology.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) has filed its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission, including audited financial statements for the year ending December 31, 2022. The report outlines the company's performance and is accessible on the Gilat website. Shareholders can request a free hard copy of the report. With over 30 years in satellite-based broadband communications, Gilat offers a comprehensive range of products, including cloud-based solutions and high-performance satellite terminals, focusing on applications like broadband access and military communications.

Gilat Satellite Networks Ltd. has successfully demonstrated a proof of concept (PoC) for converting analog signals to digital signals using the Digital Intermediate Frequency Interoperability (DIFI) 1.1 Standard. The event, showcased at Satellite 2023 in Washington, D.C., aims to enhance interoperability within the space industry’s digital transformation. This PoC highlights the digital modulator's ability to output a DVB-S2X conformant signal interoperable with a Block Upconverter (BUC) from Gilat's subsidiary, Wavestream. The DIFI standard holds promise for significant advancements in network performance and flexibility as the industry adapts to customer demands.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) has announced the acquisition of DataPath, Inc., a leader in US Department of Defense communications. This acquisition aims to expand Gilat's presence in the Defense market, projecting an annual revenue increase of approximately $50 million. The transaction, approved by both companies' boards, is subject to regulatory approvals and is expected to close in Q3 2023. DataPath brings over 25 years of experience and specializes in mission-critical communications, enhancing Gilat's strategic position in the DoD sector. Both companies anticipate profitable growth together.

Gilat Satellite Networks has announced the launch of its new Wavestream Endurance 500W Ka-Wideband Block Upconverter, a solid-state power amplifier designed to disrupt the TWT amplifier market. This product features a fully redundant design for maximum power availability, covering both military and commercial Ka frequency bands. Currently being evaluated by the US DoD for a significant SATCOM program, Gilat anticipates follow-on orders worth millions of dollars. Wavestream has a strong track record of delivering high-performance satellite communications products, contributing to the company's robust market position.

Gilat Satellite Networks Ltd. (NASDAQ: GILT) announced its participation in the 35th Annual Roth Conference on March 6, 2023, at the Ritz Carlton in Laguna Niguel, California. Chief Financial Officer Gil Benyamini will hold one-on-one meetings with investors. Interested parties can schedule meetings by contacting Roth representatives or the investor relations team via email.

Gilat is recognized globally for its satellite-based broadband communications, offering advanced connectivity solutions for various applications, including military and enterprise sectors. For more details about Gilat's technology and services, visit www.gilat.com.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced a partnership with Hispasat to utilize its SkyEdge IV platform for high-performance satellite services. This collaboration will enhance Hispasat's Amazonas Nexus satellite capabilities, which cover the Americas and the Atlantic. Hispasat aims to expand service coverage in Latin America in the second half of 2023, leveraging Gilat's cutting-edge technology. The SkyEdge IV platform provides adaptability and high throughput, aligning with Hispasat's strategic goals.

Gilat Satellite Networks has launched the SkyEdge IV Taurus-M, a state-of-the-art satellite modem designed for military and government applications.

This modem is backward compatible with the previous model, SkyEdge II-c, ensuring investment protection for existing customers. Notably, the Taurus-M is lauded as the smallest high-performance modem, ideal for use in armored vehicles and rapid deployment.

Complying with MIL-STD-810F standards, it provides high-speed satellite communications for both stationary and moving operations, catering to the growing demand for mobile satellite solutions worldwide.

Gilat Satellite Networks Ltd. (GILT) announced its collaboration with TIM Brasil, enabling the latter to achieve mobile coverage across all 5,570 municipalities in Brazil. This initiative, facilitated by Gilat's cellular backhaul over satellite solution, covers approximately 12 million hectares, primarily enhancing 4G connectivity for the agrobusiness sector. This significant milestone in digital inclusion marks TIM Brasil as the only Mobile Network Operator (MNO) to provide such extensive coverage, aiding economic development and technological accessibility in remote areas. The success reflects Gilat's strong technology and teamwork with TIM, highlighting a promising start to 2023.