Gilat Satellite Stock Price, News & Analysis

Gilat Satellite Networks Ltd. (NASDAQ: GILT) will announce its second quarter 2021 financial results on August 10, 2021. CEO Adi Sfadia and CFO Bosmat Halpern will host a conference call at 9:30 AM EST to discuss the results and business achievements. Investors can participate by dialing 1-866-744-5399 in the US or (972) 3-918-0610 internationally. A webcast of the event will also be available on the company's website and archived for 30 days.

Gilat is a leader in satellite-based broadband communications, offering innovative solutions across various applications.

Gilat Satellite Networks announced a multi-million-dollar contract to supply satellite communication equipment to a system integrator for a customer in Asia. The deal leverages Gilat's SkyEdge II-c platform and Capricorn VSATs to enhance defense forces' tactical SATCOM capabilities, especially for emergency response and C4I needs. The deployment includes multiple hubs and numerous VSATs in redundant configurations to meet security and regulatory standards. Gilat aims to expand its presence in the defense sector and other markets like education and oil & gas.

Gilat Satellite Networks Ltd. (NASDAQ: GILT) announced receiving orders worth $9 million to support Low Earth Orbit (LEO) constellation gateways through its subsidiary, Wavestream.

The orders are part of a previously announced contract and include over 800 Gateway-Class SSPAs. Wavestream plans to complete all deliveries within the next 12 months, marking an unprecedented production rate for these complex systems, which are tailored for non-geostationary satellite orbit applications.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) has secured multiple projects with its local partner Newsat to provide advanced military communication solutions in Latin America. These solutions encompass fixed, airborne, maritime, and mobile military applications. Gilat's comprehensive offerings leverage the SyEdge II-c platform, ensuring high network availability and support for critical operations. The partnership aims to enhance communication capabilities for the armed forces across various operational needs, reaffirming their long-term collaboration spanning over 15 years.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) has secured a contract as the sole provider of satellite communication equipment for military applications. This contract aims to meet advanced defense connectivity requirements, particularly in net-centric warfare. The company's SkyEdge II-c platform will deliver critical infrastructure for battlefield communication. Gilat expressed pride in its capabilities to address stringent demands in the global defense market, marking a significant strategic advancement.

Gilat Satellite Networks has secured a $13M contract from Pronatel to provide public free WI-FI services across Ayacucho, Apurímac, Huancavelica, and Cusco in Peru over the next two years. This initiative aligns with the Peruvian government's efforts to enhance internet access for education during the pandemic, supplying students with the necessary tools to connect remotely. Gilat's infrastructure will support hundreds of hotspots aimed at improving educational resources, presenting potential for significant future revenue growth.

Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) announces the expansion of its IoT project in Latin America with a Tier-1 mobile network operator. The multi-million dollar initiative enhances the Agriculture IoT network through Gilat's 4G cellular backhaul solution, improving communication between fields and offices, thus supporting real-time monitoring of agricultural machinery. This advancement aims to increase productivity in rural farming, aligning with the growing demand for IoT solutions in agribusiness.

Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) announced over $4 million in orders for Low Earth Orbit (LEO) constellation gateway support. Their subsidiary Wavestream is supplying Gateway Solid State Power Amplifiers (SSPAs) to a leading satellite operator. The SSPAs are designed for high-performance networks, showcasing reliability in harsh environments. Manufacturing is proceeding at a high rate, indicating strong production capacity. Gilat's experience and technology position it favorably in the competitive satellite communication market.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) has been selected by Telefonica Global Solutions to equip a strategic teleport in Arica, Chile. This initiative aims to enhance rural internet access and broadband opportunities across Latin America, leveraging Gilat's SkyEdge II-c platform and extensive satellite coverage. The company expedited delivery despite COVID-19 challenges. Gilat aims to strengthen its long-term relationship with TGS through this collaboration, tapping into significant business opportunities in the region.