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) 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.
Gilat Satellite Networks (NASDAQ: GILT) reported Q1 2021 revenues of $44.7 million, down from $47.7 million in Q1 2020, but up from $42.6 million in Q4 2020. The GAAP operating loss improved to $3.7 million from $10.8 million last year. Non-GAAP net loss was $5.2 million, compared to $8.6 million a year ago. CEO Adi Sfadia highlighted strong momentum in business units, excluding the IFC segment, and announced a multi-million dollar strategic agreement with a government in Asia Pacific. Gilat expects continued growth in 2021, particularly in NGSO and Cellular Backhaul.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) has secured a multi-year managed-services contract valued at tens of millions of dollars with a major government corporation in the Asia Pacific region. This strategic agreement focuses on enterprise connectivity, allowing for nationwide coverage across various applications, including cellular backhaul and emergency-response services. The deal is expected to foster significant project expansions, leveraging Gilat's SkyEdge II-c technology.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) has reached a milestone in Peru by entering the operational phase of a telecom project valued at $108M, initially awarded in 2015. This phase will enable broadband internet services for over 1.5 million people in Cusco, generating recurring revenue of multi-million dollars annually for a decade. The project will also train over 600 representatives from schools and health facilities and establish 71 internet hot spots in public areas.
Gilat Satellite Networks (NASDAQ, TASE: GILT) has secured a $3 million contract from a Tier-1 Telco in Latin America to deploy thousands of VSATs in remote schools, enhancing broadband connectivity to support children's education. This initiative aims to bridge the digital divide in the region. The SkyEdge II-c network was selected for its proven experience in delivering high-quality connectivity. As Gilat continues to expand its footprint in Latin America, this project exemplifies its commitment to leveraging technology for universal access to education.