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 (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.
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) has announced additional orders worth $2 million to support gateways for Low Earth Orbit (LEO) constellations. These orders, part of a previously disclosed contract, were placed with Gilat's subsidiary Wavestream, which will supply Gateway Solid State Power Amplifiers (SSPAs) to a leading satellite operator. Wavestream is on track to deliver over 800 SSPAs within the next year, emphasizing its technical performance and reliability in challenging environments.
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.