Gilat Receives Over $8 Million Follow-On Order for Support of Low Earth Orbit Constellation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 05 2022
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Source: globenewswire
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Analyst Views on GILT
About GILT
Gilat Satellite Networks Ltd. is an Israel-based provider of satellite-based broadband communications. The Company operates through three segments: Commercial, Mobility, and Services divisions. The Company designs and manufactures satellite ground segment and networking communications equipment, which it sells to its customers either as network components (modems, Block Up converters (BUCs), antennas) or as complete network solutions (which include hubs and related terminals and services) or turnkey projects. The equipment that the Company develops includes commercial Very Small Aperture Terminals (VSAT) systems, defense and homeland security satellite communications systems, solid-state power amplifiers (SSPAs), BUCs, low-profile antennas, on-the-move/on-the-pause terminals, and modems. The Company's equipment is used by satellite operators, service providers, telecommunications operators, system integrators, government and defense organizations, large corporations, and enterprises.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Gilat Satellite Networks to Attend Multiple Conferences
- Management Conference Schedule: Gilat Satellite Networks will participate in the Oppenheimer 11th Annual Emerging Growth Conference on February 3, 2026, with CFO Gil Benyamini engaging in one-on-one and small group meetings to enhance the company's visibility among investors.
- Defense and Aerospace Conference: CEO Adi Sfadia and CFO Gil Benyamini will attend the TD Cowen 47th Annual Aerospace & Defense Conference on February 11-12, 2026, showcasing their latest satellite technology advancements through live and archived presentations to strengthen industry influence.
- Showcasing Technical Strength: With over 35 years of experience in satellite broadband communications, Gilat offers a range of solutions including high-performance satellite terminals and software-defined satellites, aiming to meet stringent service level requirements in commercial and defense markets.
- Global Connectivity Vision: Gilat is committed to providing communication solutions worldwide, supporting government, enterprise, and critical infrastructure clients, demonstrating its determination to remain competitive in a rapidly changing market.
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Gilat Satellite Networks Secures $11M Contract for SkyEdge Platform Deployment
- Contract Award: Gilat Satellite Networks' commercial division has secured an approximately $11 million contract with a satellite operator in the Asia Pacific region, indicating strong demand and growth potential for the company in this market.
- Technology Application: The SkyEdge platform will be deployed to deliver services over Very High Throughput Satellites (VHTS), showcasing Gilat's technological advantage in efficient satellite communication solutions to meet increasing market demands.
- Delivery Timeline: Deliveries are expected over the next 12 months, allowing Gilat to quickly respond to customer needs and enhance its competitive position in the market while laying a solid foundation for future contracts.
- Market Reaction: GILT's stock rose 1.73% in premarket trading to $17.55, reflecting investor optimism regarding the new contract, which may drive future stock price appreciation.
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