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Gilat Satellite Networks Ltd. develops satellite-based broadband communications technology for commercial and defense applications. Company news often centers on multi-orbit ground systems, high-throughput satellite networks, in-flight connectivity, cellular backhaul, enterprise connectivity, mobility, government communications and critical infrastructure.
Recurring developments include customer orders and partnerships for SkyEdge IV, Sidewinder ESA terminals, AeroStream Ka-band aviation products, EnduroStream solid-state power amplifiers, DKET transportable terminals and defense modems. News also covers Gilat Defense, Gilat DataPath, Gilat Wavestream and Gilat Stellar Blu, along with financial results, investor conference activity, software-defined satellite communications, cloud-enabled SATCOM architecture and 5G non-terrestrial network capabilities.
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.
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) will announce its third quarter 2022 financial results on November 14, 2022. Following the announcement, a conference call led by CEO Adi Sfadia and CFO Gil Benyamini will take place at 09:30 AM EST. Investors can participate via dial-in or access a simultaneous webcast on the Gilat website. The webcast will be archived for 30 days. Established over 30 years ago, Gilat specializes in satellite-based broadband communications, offering innovative solutions for various applications including broadband access and mobility.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced multimillion-dollar orders from SES, expanding their strategic cooperation in satellite communications. These follow-on orders leverage Gilat's SkyEdge IV platform for SES's O3b mPOWER and SES-17 satellite systems, enhancing reach in maritime mobility, cellular backhaul, and fixed data. The partnership aims to meet the growing global demand for satellite services. Gilat emphasizes its commitment to innovation and comprehensive solutions across various sectors.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) reported a revenue of $55.5 million for Q2 2022, a 1.2% increase from the previous year. The company achieved a GAAP operating profit of $1.5 million, compared to a loss of $0.4 million in Q2 2021. Non-GAAP operating income rose to $2.4 million from $0.1 million, and GAAP net income reached $0.5 million, reversing a loss of $0.2 million last year. Adjusted EBITDA improved to $5.3 million from $2.4 million year-over-year. The company reiterated its 2022 financial guidance.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced an expansion of its contract with Internet para Todos (IPT) in Peru for 4G cellular backhaul services. This multi-year deal will deploy services across over 100 new sites aimed at enhancing internet connectivity in rural regions. IPT, a collaboration involving Telefónica and Meta, is focused on bridging the digital divide in Latin America. Gilat's technology has been pivotal in delivering broadband to previously underserved areas, reflecting its commitment to increasing connectivity and supporting economic growth in these communities.
Gilat Satellite Networks (Nasdaq: GILT) has secured a significant agreement to provide its SkyEdge II-c satellite hub and hundreds of VSATs to a government in Central Asia. This initiative aims to connect rural villages to the government network, enhancing disaster preparedness communication and remote service accessibility for citizens. The technology will enable interactions with various governmental bodies, ensuring improved service delivery across remote regions. Gilat continues to play a crucial role in bridging the digital divide globally.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced the expansion of its strategic in-flight connectivity (IFC) partnership with Intelsat in Japan. This collaboration includes the addition of two SkyEdge II-c hubs, enhancing commercial and business aviation services. The move aims to boost IFC reliability for air travelers and meets the increasing demand for air travel. Gilat's technology is designed to streamline service fulfillment, improving user experience. The partnership underlines Gilat's commitment to providing robust in-flight communication solutions in the Asia Pacific region.