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, TASE: GILT) has launched its new VSAT, Capricorn PLUS, achieving concurrent speeds of 400/100Mbps. This high-speed VSAT optimizes satellite network resource utilization and supports Multi Access Edge Computing for next-gen services like video caching and IoT gateways. Built for demanding applications, it maintains performance under congested conditions. Gilat’s extensive product portfolio enhances broadband access, cellular backhaul, and more, catering to multiple sectors including enterprise and maritime.
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) reported a significant drop in Q1 2020 revenues of $47.7 million, down from $62.1 million in Q1 2019. The company faced a GAAP operating loss of $10.8 million compared to a profit of $4.5 million the previous year. Net loss increased to $11.8 million or $0.21 per diluted share. The COVID-19 pandemic severely impacted operations, particularly in travel and aviation sectors. Despite these challenges, the acquisition by Comtech Telecommunications Corp. received a 99.7% shareholder approval and awaits regulatory clearance.