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Gilat Satellite Networks Ltd. announced a $17 million contract with Pronatel for the expansion of a regional telecommunications project in Peru, connecting 35 new localities and dozens of public institutions in the Amazonas region. The project includes free Wi-Fi hotspots, a community tele-center, and digital access centers for a 10-year period. The expansion aims to promote telehealth, tele-education, and digital literacy among citizens in rural areas.
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Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) announced the launch of a new brand identity reflecting the company’s commitment to the new space revolution and the right of all people to be connected. The new brand identity, with a newly-designed logo, encapsulates the exciting changes in the space industry, demonstrating strong growth and profitability over the past year. 2023 included important wins with satellite operators and global customers, the launch of new products, major in-flight connectivity expansions, expanded leadership in satellite-based cellular backhaul, a strategic defense acquisition, and additional growth in other areas.
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Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) has been awarded approximately three million dollars by a national police force for a multi-year project. The company's solution, based on the SkyEdge platform and a suite of services, was chosen for its ability to meet stringent security requirements and solve communication issues. Gilat will deploy a comprehensive solution to deliver reliable and secure connectivity to operators, with potential for further growth in public safety, military, and government sectors worldwide.
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Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) announces participation in the 26th Annual Needham Growth Conference in New York City from January 16-19, 2024. CEO Adi Sfadia and CFO Gil Benyamini will be available for one-on-one meetings with investors, with a presentation scheduled for January 17, 2024, at 2:15 pm Eastern Time.
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Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) has been awarded a nearly $20 million contract by the United States Army for the continuation of a program to sustain anytime, anywhere satellite connectivity. This contract is for the provision of 50W Ka-band Block Upconverters (BUCs) by the company’s US-based subsidiary, Wavestream. The BUCs are ruggedized to withstand harsh environments and enable the Satellite Transportable Terminals (STTs) to deliver a 'Communications-on-the-Pause' solution across diverse climates and conditions globally. With over a decade and a half of field-proven performance, the Wavestream 50W Ka SSPA continues to satisfy the Army’s need for dependable satellite communications in support of warfighters operating in harsh and hostile environments. This announcement showcases the company's commitment to providing proven technology for mission-critical telecommunications.
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Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) has completed the acquisition of DataPath, Inc., a market leader in trusted communications for the US DoD Military and Government sectors. The acquisition is a strong step forward in Gilat’s strategy to increase its presence in the growing defense communications market, with annual revenues in the defense sector forecasted to increase by approximately $50 million. The transaction was approved by both companies' boards and stockholders, and has received regulatory approvals, including from the Committee on Foreign Investment in the United States (CFIUS). With this acquisition, Gilat aims to leverage DataPath's presence in the US to create new opportunities for its advanced communication technologies in the defense sector, while DataPath will benefit from Gilat's international presence to expand its advanced solutions globally.
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Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) announces participation at the 17th Annual Needham Virtual Security, Networking & Communications Conference on November 14, 2023. Chief Financial Officer, Gil Benyamini, to give online presentation at 9:20am Eastern Time. One-on-one meetings with investors available via video-conferencing.
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Gilat Satellite Networks Ltd. reported a 6% revenue growth to $63.9 million, with a GAAP operating income of $12.7 million and Adjusted EBITDA of $9.5 million, marking a 30% year-over-year growth. The company narrowed its 2023 revenue guidance to $265-275 million, increased its GAAP operating income guidance to $29-31 million, and narrowed its Adjusted EBITDA guidance to $35-37 million, reflecting significant year-over-year growth. Gilat also announced being awarded a $20 million contract renewal and extension from a Tier-1 MNO in the USA and a contract for satellite network modernization at Ethio Telecom.
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Gilat Satellite Networks has been awarded a renewal and extension contract worth approximately $20 million from a Tier-1 MNO in the United States. The multi-year agreement allows Gilat to continue as the end-to-end managed services provider for satellite-based cellular backhaul and emergency response for this long-term leading customer. Gilat is known for its superior technology in 4G cellular backhaul over satellite and its ability to smoothly transition to 5G and next-generation satellites.
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Gilat Satellite Networks to release Q3 2023 financial results
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Gilat Satellite Networks Ltd
Nasdaq:GILT
GILT Rankings
GILT Stock Data
317.01M
56.00M
51.38%
0.05%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
United States of America
Kiryat Arye
About GILT
gilat satellite networks ltd. (nasdaq: gilt, tase: gilt) is a leading global provider of satellite-based broadband communications. with 30 years of experience, we design and manufacture cutting-edge ground segment equipment, and provide comprehensive solutions and end-to-end services, powered by our innovative technology. delivering high value competitive solutions, our portfolio comprises of a cloud based vsat network platform, high-speed modems, high performance on-the-move antennas and high efficiency, high power solid state amplifiers (sspa) and block upconverters (buc). gilat’s comprehensive solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense and public safety, all while meeting the most stringent service level requirements. for more information, please visit: www.gilat.com