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) announced a significant initial order from Intelsat for its next-generation SkyEdge IV platform. This technology will enhance in-flight connectivity and cellular backhaul services across North America, leveraging the Intelsat IS-40e satellite. SkyEdge IV is designed for adaptability with very high throughput satellites (VHTS), ensuring unified operations and seamless integration. This partnership aims to elevate service levels for multiple aircraft and mobile network operators, marking a pivotal development in Gilat's strategic collaborations.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced the expansion of its partnership with SES, integrating its SkyEdge IV platform with SES-17, a very high throughput satellite (VHTS). This collaboration will support both fixed and mobility services across the Americas, Caribbean, and Atlantic Ocean. SkyEdge IV will interface with SES’s upcoming O3b mPOWER constellation, enhancing cellular-backhaul and enterprise service capabilities. The integration promises seamless operation, enabling a resilient network using Gilat's Elastix-Total NMS system.
Gilat Satellite Networks Ltd. (GILT) has launched SkyEdge IV, a next-generation satellite communication ground system poised to capture significant opportunities in the multibillion-dollar VHTS market. This software-centric platform enhances operational efficiency and offers VSAT backward compatibility, safeguarding existing customer investments. SkyEdge IV supports multi-orbit constellations and is compatible with cloud SDN infrastructures. The platform includes ultra-high-performance VSATs capable of over 2Gbps throughput, with substantial orders already secured.
Gilat Satellite Networks Ltd. (GILT) announced its expanded partnership with Intelsat to enhance in-flight connectivity (IFC) services in Asia. Utilizing the SkyEdge II-c system, this collaboration aims to meet the growing post-COVID demand in commercial aviation. Intelsat’s Senior VP highlighted the anticipated revenue growth in the IFC segment as travel recovers. Gilat's technology is set to streamline service fulfillment, improving user experiences for airline passengers, reflecting a robust response to the rising need for internet connectivity.
Gilat Satellite Networks (Nasdaq: GILT) will announce its fourth quarter and full year 2021 financial results on February 15, 2022. Following the release, a conference call will be held at 9:30 AM EST, led by CEO Adi Sfadia and CFO Gil Benyamini, discussing results and addressing questions. Interested parties can join via a webcast on the Gilat website. The event will also be archived for 30 days. Gilat is a leader in satellite communications, providing technology and services for various applications.
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) announced a strategic deal with a Eurasian satellite service provider aimed at enhancing maritime connectivity. This collaboration involves the deployment of Gilat's SkyEdge II-c platform to deliver reliable satellite communications for commercial fishing and maritime transport markets. The technology utilizes Gemini and Capricorn VSATs and positions Gilat as a leader in the maritime sector within the region, contributing to the company’s global mobility initiatives.
Gilat Satellite Networks (Nasdaq: GILT) announced a 12-month extension of its managed services 4G cellular backhaul project with a leading Mobile Network Operator (MNO) in Mexico. This project enables 3G and 4G services in regions lacking terrestrial connectivity and supports disaster recovery through transportable VSATs. Gilat's technology and local expertise were key factors in receiving this extension, highlighting the company's reliability and service quality.
Gilat Satellite Networks (Nasdaq: GILT) announced a significant order for additional VSATs from a major mobile network carrier in Japan on January 6, 2022. This order is set to enhance the carrier's 4G/LTE network by expanding cellular backhaul into rural areas lacking fiber connectivity. The deployment will utilize Gilat’s SkyEdge II-c system, showcasing the company’s capability to support advanced network architectures. This order underscores the demand for Gilat's solutions and their role in boosting connectivity for local populations.
Gilat Satellite Networks Ltd. (GILT) has announced a significant contract with a major Mobile Network Operator (MNO) in Asia to deploy its 4G cellular backhaul over satellite technology. This deployment, set for the first quarter of 2022, aims to enhance voice and data services for hundreds of millions of subscribers. The selected technology has an impressive market adoption rate of around 80%, highlighting its proven track record. This contract is viewed as a key market penetration success with potential for future expansions.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced the appointment of Gil Benyamini as CFO, effective February 1, 2022. He brings significant experience, most recently as CFO of Panaxia Pharmaceutical Industries. Benyamini is set to drive growth amid opportunities in the satellite communications sector. Bosmat Halpern, the outgoing CFO, contributed to Gilat's progress over the past eight years. Gilat specializes in satellite-based broadband communications, providing comprehensive solutions to various sectors including defense and public safety.