Welcome to our dedicated page for Gilat Satellite news (Ticker: GILT), a resource for investors and traders seeking the latest updates and insights on Gilat Satellite stock.
Gilat Satellite Networks Ltd. (GILT) generates frequent news as a global provider of satellite-based broadband communications and satellite networking technology. Company announcements often highlight orders, contract awards, and platform deployments that showcase demand for its ground-based satellite equipment, multi-orbit connectivity platforms, and defense communications solutions.
Investors and industry followers can use this news stream to see how Gilat’s Commercial and Defense Divisions are performing across key markets. Recent press releases describe multi-million-dollar orders for SkyEdge IV multi-orbit platforms, gateway Solid State Power Amplifiers to support Low Earth Orbit constellations, and Aerostream Ka-band BUCs for in-flight connectivity on commercial aircraft. Other updates cover transportable SATCOM terminals supplied to the U.S. Army and contracts supporting the U.S. Department of Defense and Israel’s Ministry of Defense.
Gilat’s news also includes financial updates, such as quarterly results furnished on Form 6-K, guidance changes, and details of private placements of ordinary shares to institutional and accredited investors. These items provide insight into revenue trends, profitability metrics like Adjusted EBITDA, and the company’s capital-raising activities for general corporate purposes and potential strategic acquisitions.
On this GILT news page, readers can follow categories such as earnings reports, large equipment and platform orders, defense and government contracts, mobility and in-flight connectivity deployments, earth observation and geospatial solutions, and capital markets actions. Regularly reviewing these updates helps users understand how Gilat’s satellite networking technology is being adopted across government, defense, mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure applications.
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) has announced its plans to release the fourth quarter and full year 2022 financial results on February 14, 2023. The announcement will be followed by a conference call hosted by CEO Adi Sfadia and CFO Gil Benyamini, who will discuss the results and business achievements at 09:30 AM EST / 16:30 IST.
Participants can join via dial-in numbers or a webcast available on Gilat's website. The webcast will also be archived for 30 days. Gilat, a leader in satellite-based broadband communications, emphasizes connectivity solutions globally.
Gilat Satellite Networks (NASDAQ: GILT) announced participation in the 25th Annual Needham Growth Conference on January 11, 2023, at the Lotte New York Palace Hotel. Management, including CEO Adi Sfadia and CFO Gil Benyamini, will engage in one-on-one investor meetings. The conference presentation is scheduled for 8 AM Eastern Time. Interested parties can arrange meetings through Needham representatives or by contacting Gilat's investor relations team via email.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) announces a significant expansion in partnership with Intelsat to enhance in-flight connectivity (IFC) in the Americas. This multimillion-dollar agreement will expand Gilat hubs in the USA and Brazil to meet the rising demand for bandwidth on Intelsat's IFC network. Gilat’s proven solutions aim to deliver high-quality communications to air travelers, supporting the post-COVID recovery of IFC services.
Gilat Satellite Networks (Nasdaq: GILT) has been chosen by Comlabs Government Systems to enhance satellite connectivity for various federal, state, and local agencies in the U.S., including nuclear facilities. This upgrade involves deploying two SkyEdge II-c hubs and numerous VSATs to ensure ‘Hyper Critical Availability’ connectivity for emergency management. Gilat's technology will facilitate the efficient distribution of alerts and warnings, reinforcing the company's foothold in the U.S. government sector, as stated by executives from both companies.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) reported strong financial results for Q3 2022, highlighting a 21% increase in revenue to $60.4 million compared to the previous year. The company achieved a GAAP operating income of $3.4 million, up from $0.8 million, while adjusted EBITDA surged 88% year-over-year to $7.3 million. GAAP net income stood at $2.1 million versus breakeven in Q3 last year, demonstrating significant operational improvement.
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) announced a multi-year, multimillion-dollar agreement with a leading UAV manufacturer to integrate its next-generation BRP60 satellite communication terminals into high/medium altitude long-endurance unmanned aerial vehicles. The BRP60 offers enhanced features and is designed for various applications worldwide. This partnership marks a significant milestone in Gilat's progress within the UAV sector, underscoring its commitment to innovative satellite-based communication solutions.
Gilat Satellite Networks (Nasdaq: GILT) has secured a multi-year agreement with Telefónica Global Solutions to enhance 4G cellular backhaul via satellite for rural areas in northern Latin America. This partnership aims to deliver connectivity solutions to millions in remote regions, leveraging Gilat's SkyEdge II-c platform. Telefónica's commitment to bridging the digital divide aligns with Gilat's leadership in satellite-based broadband communications, emphasizing their capacity to meet diverse customer needs using advanced technology.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) has been selected by Antamina for a multimillion-dollar e-learning project in San Marcos, Peru. This four-year initiative aims to provide connectivity and services to over 3,000 students and 265 educators through the deployment of terrestrial and VSAT backhauling systems. Gilat’s involvement includes the installation of a data center and provision of laptops and educational resources, enhancing digital skills in the region.
Gilat Satellite Networks has announced over $10 million in orders for Ka-band transceivers from its subsidiary Wavestream, aimed at in-flight connectivity applications. Wavestream, recognized for its AeroStream™ transceiver products, has successfully deployed over 3,000 units in commercial and business aviation globally. This partnership highlights the ongoing demand for high-performance satellite communications solutions in the aviation sector, reinforcing Gilat's position as a leader in the satellite networking industry.
Gilat Satellite Networks Ltd. (GILT) was chosen by Sencinet to provide satellite connectivity solutions for Petrobras, Brazil's largest oil and gas company. The project aims to modernize and enhance Petrobras' telecommunications capabilities using Gilat's SkyEdge II-c network. This deployment will take place across offshore platforms, ships, and land stations. Sencinet will utilize Gilat's technology to ensure high-quality services and efficient migration from legacy systems, targeting growth in the oil and gas sector and broader markets in Brazil.