Gilat Receives Over $18 Million in Orders for its In-Flight Connectivity Solutions
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 (NASDAQ, TASE: GILT) ha ottenuto oltre 18 milioni di dollari in ordini per soluzioni di Connettività in Volo (IFC). Gli ordini comprendono principalmente piattaforme Gilat SkyEdge, servizi correlati e SSPAs, con consegne programmate entro i prossimi 12 mesi. L’architettura flessibile dell'azienda consente una connettività satellitare affidabile, supportando l'espansione della rete IFC. Questi ordini dimostrano la fiducia del mercato nella tecnologia avanzata di Gilat e nelle sue soluzioni per affrontare sfide uniche nei servizi IFC.
Gilat Satellite Networks (NASDAQ, TASE: GILT) ha asegurado más de 18 millones de dólares en pedidos para soluciones de Conectividad en Vuelo (IFC). Los pedidos consisten principalmente en plataformas Gilat SkyEdge, servicios relacionados y SSPAs, con entrega programada dentro de los próximos 12 meses. La arquitectura flexible de la empresa permite una conectividad satelital confiable, apoyando la expansión de la red IFC. Estos pedidos demuestran la confianza del mercado en la tecnología avanzada de Gilat y sus soluciones para abordar desafíos únicos en los servicios IFC.
길랏 위성 네트워크 (NASDAQ, TASE: GILT)는 1800만 달러 이상의 항공 중계(IFE) 솔루션 주문을 확보했습니다. 이 주문은 주로 길랏 스카이엣지 플랫폼, 관련 서비스 및 SSPAs로 구성되며, 배송은 향후 12개월 이내에 예정되어 있습니다. 회사의 유연한 아키텍처는 신뢰할 수 있는 위성 연결을 가능하게 하여 IFC 네트워크의 확장을 지원합니다. 이러한 주문은 IFC 서비스에서 고유한 문제를 해결하기 위한 길랏의 첨단 기술과 솔루션에 대한 시장의 신뢰를 보여줍니다.
Gilat Satellite Networks (NASDAQ, TASE: GILT) a sécurisé plus de 18 millions de dollars de commandes pour des solutions de connectivité en vol (IFC). Les commandes comprennent principalement des plateformes Gilat SkyEdge, des services associés et des SSPAs, avec une livraison prévue dans les 12 prochains mois. L'architecture flexible de l'entreprise permet une connectivité satellitaire fiable, soutenant l'expansion du réseau IFC. Ces commandes témoignent de la confiance du marché dans la technologie avancée de Gilat et dans ses solutions pour relever des défis uniques dans les services IFC.
Gilat Satellite Networks (NASDAQ, TASE: GILT) hat über 18 Millionen Dollar an Aufträgen für In-Flight Connectivity (IFC) Lösungen gesichert. Die Aufträge bestehen hauptsächlich aus Gilat SkyEdge-Plattformen, zugehörigen Dienstleistungen und SSPAs, mit einer Lieferung, die innerhalb der nächsten 12 Monate geplant ist. Die flexible Architektur des Unternehmens ermöglicht eine zuverlässige Satellitenkonnektivität und unterstützt die Erweiterung des IFC-Netzwerks. Diese Aufträge zeigen das Vertrauen des Marktes in die fortschrittliche Technologie und die Lösungen von Gilat zur Bewältigung einzigartiger Herausforderungen im IFC-Service.
- Secured new orders worth over $18 million
- Delivery scheduled within next 12 months, indicating strong near-term revenue visibility
- Strategic expansion in the growing IFC market
- None.
Insights
The
The 12-month delivery timeline suggests robust supply chain management and manufacturing capabilities, critical for maintaining market share in the satellite communications sector. Notably, the SkyEdge platform's flexible architecture positions Gilat advantageously as airlines increasingly demand scalable solutions to handle growing bandwidth requirements. For context, the IFC market is projected to grow at a CAGR of
The technical specifications of Gilat's solutions, particularly their scalable architecture, address a critical pain point in the aviation industry - the need for reliable, high-bandwidth satellite connectivity that can adapt to varying passenger loads and flight routes. This technology differentiation is important for maintaining pricing power and margins in a competitive market.
This
The order's focus on both hardware (SkyEdge platforms, SSPAs) and services indicates a healthy mix of immediate revenue recognition and potential recurring revenue streams. This diversification in revenue sources enhances earnings visibility and could positively impact valuation multiples. The strategic nature of these IFC solutions typically commands higher margins compared to standard satellite equipment, potentially contributing to improved profitability metrics in upcoming quarters.
These orders further solidify Gilat’s position in the IFC market and positions it as a single source provider for a wide range of IFC technologies and services
PETAH TIKVA, Israel, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company has secured over
These orders highlight the confidence in Gilat’s advanced technology and solutions to address the unique challenges and opportunities in IFC services. Gilat’s flexible architecture enables reliable satellite connectivity, supporting the rapid expansion of IFC networks.
"These orders reflect the growing demand for advanced connectivity solutions for the IFC market, which is a strategic market for us," said Amir Yafe, VP of Mobility & Global Accounts at Gilat. "Gilat’s technology is designed to equip service providers with the scalability and performance needed to meet this demand head-on."
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 the Company’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 and the general instability in the region. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.
Contact:
Gilat Satellite Networks
Hagay Katz, Chief Products and Marketing Officer
FAQ
What is the value of Gilat's new IFC orders announced in December 2024?
What products are included in Gilat's $18 million IFC orders?
When will Gilat (GILT) deliver the new IFC orders?
How will these orders impact Gilat's (GILT) position in the IFC market?
