Gilat Awarded Over $5 Million to Support Critical Connectivity for Defense Forces
Gilat Satellite Networks (NASDAQ, TASE: GILT) has secured contracts worth over $5 million through its US subsidiary, Gilat DataPath, from the US Department of Defense and other international Defense Forces. The contracts, to be delivered over the next 12 months, cover DKET terminals and Field Service Representative support worldwide.
The agreements include both contract extensions and new partnerships, demonstrating the trust in Gilat DataPath's ability to provide reliable connectivity solutions for military and defense end-users in challenging environments. The company's technical and field services are specifically designed to maintain mission-critical communications systems across diverse operational settings.
Gilat Satellite Networks (NASDAQ, TASE: GILT) ha ottenuto contratti del valore di oltre $5 milioni attraverso la sua filiale statunitense, Gilat DataPath, dal Dipartimento della Difesa degli Stati Uniti e da altre Forze Armate internazionali. I contratti, che saranno consegnati nei prossimi 12 mesi, riguardano i terminali DKET e il supporto di Rappresentanti di Servizio sul Campo in tutto il mondo.
Gli accordi comprendono sia estensioni di contratto che nuove partnership, dimostrando la fiducia nella capacità di Gilat DataPath di fornire soluzioni di connettività affidabili per gli utenti militari e della difesa in ambienti difficili. I servizi tecnici e di campo dell'azienda sono specificamente progettati per mantenere i sistemi di comunicazione critici per la missione in diverse impostazioni operative.
Gilat Satellite Networks (NASDAQ, TASE: GILT) ha asegurado contratos por más de $5 millones a través de su subsidiaria estadounidense, Gilat DataPath, del Departamento de Defensa de EE.UU. y otras Fuerzas de Defensa internacionales. Los contratos, que se entregarán en los próximos 12 meses, abarcan terminales DKET y soporte de Representantes de Servicios en el Campo a nivel mundial.
Los acuerdos incluyen tanto extensiones de contratos como nuevas asociaciones, demostrando la confianza en la capacidad de Gilat DataPath para proporcionar soluciones de conectividad confiables para usuarios militares y de defensa en entornos desafiantes. Los servicios técnicos y de campo de la empresa están diseñados específicamente para mantener sistemas de comunicación críticos a la misión en diversos entornos operativos.
Gilat Satellite Networks (NASDAQ, TASE: GILT)는 미국 자회사인 Gilat DataPath를 통해 미국 국방부 및 기타 국제 방위군으로부터 $5 백만 달러 이상의 계약을 확보했습니다. 이 계약은 향후 12개월 동안 전달될 예정이며, DKET 단말기 및 전 세계 현장 서비스 지원을 포함합니다.
계약에는 계약 연장이 포함되어 있으며, Gilat DataPath가 어려운 환경에서 군사 및 방위 최종 사용자에게 신뢰할 수 있는 연결 솔루션을 제공할 수 있다는 신뢰를 보여주는 새로운 파트너십도 포함됩니다. 회사의 기술 및 현장 서비스는 다양한 작업 환경에서 미션 크리티컬 통신 시스템을 유지하기 위해 특별히 설계되었습니다.
Gilat Satellite Networks (NASDAQ, TASE: GILT) a obtenu des contrats d'une valeur de plus de $5 millions par l'intermédiaire de sa filiale américaine, Gilat DataPath, du Département de la Défense des États-Unis et d'autres Forces de défense internationales. Les contrats, qui seront livrés au cours des 12 prochains mois, portent sur des terminaux DKET et un soutien de Représentants de services sur le terrain dans le monde entier.
Les accords comprennent à la fois des extensions de contrat et de nouveaux partenariats, démontrant la confiance dans la capacité de Gilat DataPath à fournir des solutions de connectivité fiables pour les utilisateurs militaires et de défense dans des environnements difficiles. Les services techniques et de terrain de l'entreprise sont spécifiquement conçus pour maintenir des systèmes de communication critiques pour la mission dans des contextes opérationnels divers.
Gilat Satellite Networks (NASDAQ, TASE: GILT) hat Verträge im Wert von über $5 Millionen über ihre US-Tochtergesellschaft Gilat DataPath mit dem US-Verteidigungsministerium und anderen internationalen Streitkräften abgeschlossen. Die Verträge, die in den nächsten 12 Monaten geliefert werden, umfassen DKET-Terminals und Unterstützung durch Field Service Representatives weltweit.
Die Vereinbarungen beinhalten sowohl Vertragsverlängerungen als auch neue Partnerschaften, die das Vertrauen in die Fähigkeit von Gilat DataPath demonstrieren, zuverlässige Konnektivitätslösungen für militärische und verteidigungstechnische Endbenutzer in herausfordernden Umgebungen bereitzustellen. Die technischen und vor Ort erbrachten Dienstleistungen des Unternehmens sind speziell darauf ausgelegt, kritische Kommunikationssysteme in einer Vielzahl von Einsatzumgebungen aufrechtzuerhalten.
- Secured new contracts worth over $5 million
- Expanded customer base including US DoD and international Defense Forces
- Contract duration spans 12 months ensuring steady revenue stream
- Mix of new agreements and contract extensions indicating customer retention
- None.
Insights
This
The contract structure, combining both extensions and new agreements, indicates strong customer satisfaction and growing trust in Gilat's capabilities. For a company with a market cap of
The involvement of both US DoD and international defense forces points to Gilat's expanding footprint in the military satellite communications (MILSATCOM) sector. This diversification across multiple defense customers helps mitigate dependency risks and enhances the company's competitive position in the global defense market.
The contract's structure reveals important nuances about Gilat's market position. Defense contracts typically have high barriers to entry due to stringent security requirements and complex certification processes. Winning extensions demonstrates Gilat's proven track record in meeting these demanding standards. The inclusion of Field Service Representative support is particularly noteworthy as it positions Gilat personnel directly within military operations, creating valuable relationships and insights for future opportunities.
For investors, defense contracts offer several advantages: they're typically immune to economic cycles, have strong payment security being government-backed and often lead to long-term relationships with potential for expanded scope. The
Technical and Field Services to Ensure Reliable, Mission-Critical Communications Worldwide
PETAH TIKVA, Israel, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that its wholly owned US-based subsidiary, Gilat DataPath, has been awarded over
Gilat DataPath’s technical and field services are specifically designed to meet the demanding connectivity requirements of military and defense end-users in diverse and challenging environments. The orders include both contract extensions and new agreements with various agencies and partners, underscoring the trust placed in Gilat DataPath to deliver consistent, high-quality support.
“These contracts highlight Gilat DataPath’s unwavering dedication to supporting military and government operations worldwide,” said Nicole Robinson, President of Gilat DataPath. “By working closely with national and international Defense organizations, we ensure that our equipment is expertly deployed and maintained on-site, enabling seamless, reliable communication when and where it’s needed most.”
Gilat DataPath continues to solidify its position as a trusted partner for defense organizations by providing comprehensive, reliable solutions and services that ensure mission-critical systems perform flawlessly under any conditions.
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we create and deliver deep technology solutions for satellite, ground, and new space connectivity and provide comprehensive, secure end-to-end solutions and services for mission-critical operations, powered by our innovative technology. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.
Our portfolio includes a diverse offering to deliver high-value solutions for multiple orbit constellations with very high throughput satellites (VHTS) and software-defined satellites (SDS). Our offering is comprised of a cloud-based platform and high-performance satellite terminals; high-performance Satellite On-the-Move (SOTM) antennas; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense, field services, network management software, and cybersecurity services.
Gilat’s comprehensive offering supports multiple applications with a full portfolio of products and tailored solutions to address key applications including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect Gilat’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the war and hostilities between Israel and Hamas, Hezbollah, Iran and Yemen and the instability in the middle east; and other factors discussed under the heading “Risk Factors” in Gilat’s most recent annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and Gilat undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Gilat Satellite Networks
Hagay Katz, Chief Products and Marketing Officer
hagayk@gilat.com
Alliance Advisors:
GilatIR@allianceadvisors.com
Phone: +1 212 838 3777
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