Gilat Satellite Stock Price, News & Analysis

Gilat Satellite Networks has signed agreements worth over $16 million to provide broadband transport services in Peru over a two-year period. This initiative aims to enhance broadband connectivity in regions such as Ayacucho, Apurímac, and Huancavelica, complementing previous efforts in the Cusco region. This project aligns with Gilat's strategic goal of expanding services across all six operational regions in Peru, showcasing their commitment to improving regional communications infrastructure.

Gilat Satellite Networks has secured a $12 million contract for operation and maintenance services for a broadband network in Cusco, Peru. This three-year agreement marks a significant achievement following the completion of the network's construction phase and acceptance tests earlier this year. Gilat will oversee internet service across over 2,000 kilometers of fiber optics and multiple communication nodes. The company aims to leverage this project to expand its services across other regions in Peru, targeting annual revenues of $50 million from the country.

Gilat Satellite Networks (NASDAQ: GILT) announced receiving $17 million in additional orders to support Low Earth Orbit (LEO) constellation gateways. The orders, part of a prior contract, involve the delivery of Gateway Solid State Power Amplifiers (SSPAs) by its subsidiary Wavestream. These SSPAs, known for their technical performance and reliability, will be delivered by the end of 2022. This manufacturing effort is progressing at an unprecedented rate, with over 1,000 units being produced.

Gilat Satellite Networks (NASDAQ: GILT) has secured a multi-million-dollar contract with SES to enhance connectivity in Latin America through its multi-service platform. This collaboration aims to support cellular backhauling, enterprise projects, and Universal Service Obligation (USO) initiatives in the Andean region and Argentina. The SkyEdge II-c platform will facilitate satellite connectivity in remote areas, contributing to digital inclusion efforts. The partnership emphasizes Gilat's regional presence and commitment to delivering high-quality communication services.

Gilat Satellite Networks Ltd. (NASDAQ: GILT) reported a strong second quarter for 2021 with revenues of $56.9 million, reflecting a 49% year-over-year increase. The company achieved a return to Non-GAAP profitability with a Non-GAAP net income of $0.4 million, or $0.01 per share. Significant awards in their Mobility and Defense segments contributed to the positive performance, including multi-million contracts from SES and the US Army. Gilat anticipates continued high growth and profitability through the second half of 2021 and into 2022 due to strong demand across various markets.

Gilat Satellite Networks Ltd. (NASDAQ: GILT) has secured a contract exceeding $5 million from a Tier-1 US terminal provider to deliver Solid State Power Amplifiers (SSPAs) for satellite communication terminals aimed at military applications globally. The company expects further contract expansion in collaboration with the provider.

Wavestream, a wholly-owned subsidiary of Gilat, will supply integrated MicroStream frequency conversion/amplifier units, designed for tactical defense users. This reinforces Gilat's position as a leader in satellite networking solutions.

Gilat Satellite Networks has secured a multi-million-dollar order from SES for its global mobility platform, enhancing its maritime leadership. This partnership will enable premier cruise lines and service providers to tap into satellite-enabled services via SES's O3b mPOWER and geostationary fleet. Gilat’s optimized next-generation platform will support high throughput connectivity for maritime and airborne applications. This agreement positions Gilat's VSAT technology at over a dozen gateways, ensuring robust and efficient service delivery for global mobility needs.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) has announced a multi-million-dollar contract from the US Army for additional 50W Ka-band BUCs through its subsidiary, Wavestream. This order supports tactical communications and marks a continuation of a program that began in 2007, featuring over 5,000 amplifiers deployed worldwide. Wavestream's high-performance solutions are crucial for Comms-on-the-Quick-Halt tactical communications. The contract reflects Gilat's commitment to providing reliable satellite communication technologies under demanding conditions.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) has signed a strategic agreement valued at over $5 million with Pacific Dataport Inc. (PDI) to enhance broadband coverage in Alaska. Gilat's SkyEdge II-c multi-service platform will facilitate various applications, including direct-to-home broadband and enterprise services. PDI aims to deploy a robust multiservice network utilizing new GEO HTS/VHTS satellites, significantly increasing Alaska's middle mile capacity by 110 Gbps and serving approximately 98,000 users.