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, TASE: GILT), a global leader in satellite networking technology, has announced its participation in the 27th Annual Needham Growth Conference on January 14, 2025. CEO Adi Sfadia and CFO Gil Benyamini will be available for one-on-one meetings with investors during the conference.
Management will conduct a fireside chat at 9:30 am Eastern Time on January 14, 2025. Investors can access the live webcast through www.gilat.com or via the direct webcast link at https://wsw.com/webcast/needham143/gilt/2252448. Interested parties can schedule meetings with management through a Needham representative or by contacting Gilat's investor relations team at GilatIR@allianceadvisors.com.
Gilat Satellite Networks (Nasdaq: GILT) has completed the acquisition of Stellar Blu Solutions, a US-based provider of next-generation SATCOM terminal solutions. The acquisition's initial consideration was $98 million in cash, with potential additional payments of up to $147 million based on achieving operational and strategic milestones.
The deal is expected to generate annual revenues between $120-150 million in 2025, with EBITDA margins projected to exceed 10% once Stellar Blu reaches target manufacturing capacity in H2 2025. The acquisition was funded through a combination of a $100 million secured credit line from HSBC Bank USA and Bank Hapoalim, and company resources.
This strategic move strengthens Gilat's position in the In-Flight Connectivity (IFC) market, with plans to ship hundreds of Stellar Blu's Sidewinder terminals in upcoming quarters. The acquisition aims to enhance Gilat's capability in providing multi-orbit LEO and GEO IFC solutions for commercial and business aviation.
Gilat Satellite Networks (NASDAQ, TASE: GILT) has secured $9 million in orders from major satellite operators for its SkyEdge IV and SkyEdge II-c platforms and services. The delivery is scheduled within the next 12 months.
The orders highlight Gilat's position in providing multi-orbit satellite communications solutions. The SkyEdge platforms are designed to deliver high-performance satellite communications across multiple applications, including maritime, cellular backhaul, and enterprise solutions. These platforms enable seamless multi-orbit integration and are utilized by leading satellite operators worldwide.
Gilat Satellite Networks (NASDAQ, TASE: GILT) has secured over $18 million in orders for In-Flight Connectivity (IFC) solutions. The orders primarily comprise Gilat SkyEdge platforms, related services, and SSPAs, with delivery scheduled within the next 12 months. The company's flexible architecture enables reliable satellite connectivity, supporting IFC network expansion. These orders demonstrate market confidence in Gilat's advanced technology and solutions for addressing unique challenges in IFC services.
Gilat Satellite Networks reported strong Q3 2024 results with revenues of $74.6 million, up 17% year-over-year. The company achieved GAAP operating income of $6.7 million and Adjusted EBITDA of $10.7 million, up 13% from Q3 2023. Non-GAAP net income nearly doubled to $8.1 million. The company narrowed its 2024 revenue guidance to $305-315 million, representing 17% growth at mid-point, and raised GAAP operating income guidance to $24-26 million. The adjustment reflects the termination of Russian operations and receipt of $11 million from a Peru arbitration. Growth was primarily driven by the Satellite Network segment and expanded defense opportunities following the DataPath acquisition.
Gilat Satellite Networks (Nasdaq: GILT) has secured contracts worth approximately $5 million from multiple U.S. defense organizations. The company will provide advanced satellite communications (SATCOM) technologies and services to enhance mission-critical connectivity for defense applications. The deliverables include X, Ku, and Ka-band Block Upconverters (BUCs) for Communications-on-the-Move (COTM) systems, along with test and evaluation, repair, upgrades, engineering services, and field service. Delivery is expected within the coming months.
Gilat Satellite Networks has secured a $4 million contract from the US Department of Defense through its US subsidiary, DataPath. The order is for DKET 3421 terminals, which are portable satellite communication hubs designed for mission-critical communications. The terminals, weighing under 5000 lbs, support multi-carrier operations with up to 32 modems and can be deployed in less than three hours. Delivery is expected in the first half of 2025. The DKET 3421's compact design allows for easy forklift transportation while providing flexible satellite network capabilities.
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) announced its attendance at the APEX/IFSA Global Expo in Long Beach, California, from October 28-30, 2024. The company will showcase its advanced in-flight connectivity (IFC) solutions, including:
- Innovative ESA (Electronically Steered Antenna) technology
- SSPA (Solid-State Power Amplifier)
- KPSU (Ka/KU Power Supply Unit)
- FCU (Frequency Converter Unit)
Gilat's ESA solutions are designed for commercial, business, and military aviation, offering robust and seamless satellite connectivity. The company's Wavestream subsidiary provides market-leading components to ensure optimal performance for high-speed internet services on both large commercial aircraft and private business jets. Gilat invites APEX/IFSA attendees to schedule meetings to discuss their IFC needs and explore how Gilat's technology can enhance their offerings.
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT), a global leader in satellite networking technology, solutions, and services, has announced the release of its third quarter 2024 financial results on Wednesday, November 13th, 2024. Following the release, the company will host a conference call and webcast to discuss the results and business achievements.
The conference call details are as follows:
- Date: Wednesday, November 13, 2024
- Start Time: 09:30 AM EST / 16:30 IST
- Dial-in: US: 1-888-407-2553, International: +972-3-918-0609
Gilat Satellite Networks (NASDAQ, TASE: GILT), a global leader in satellite networking technology, solutions, and services, has announced its participation in the 17th annual LD Micro Invitational. The event will take place on Wednesday, October 30, at the Luxe Sunset Boulevard Hotel in Los Angeles.
Gil Benyamini, Gilat's Chief Financial Officer, will deliver the company's presentation at 8 am PT. Both Benyamini and Mayrav Sher, Head of Finance & IR, will be available for one-on-one meetings with investors throughout the conference.
Investors interested in scheduling meetings can contact an LD Micro representative or email the Gilat investor relations team at Mayravs@gilat.com. For those unable to attend in person, remote viewing of the presentation is available through registration.