Gilat Secures Approximately $15 Million in Orders from Leading Satellite Operators for GEO, MEO and LEO Constellations
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) has secured approximately $15 million in orders from several major satellite operators for its advanced satellite communications solutions. These orders cover GEO, MEO, and LEO constellations, demonstrating the company's wide state-of-the-art ground segment portfolio.
The orders are expected to be delivered over the upcoming 18 months. This development reinforces Gilat's position as a trusted provider of cutting-edge satellite technology and underscores the strong partnerships it has developed with key industry players. Gilat's solutions are critical in enabling a broad range of connectivity and enterprise services globally.
Hagay Katz, Chief Product and Marketing Officer, noted the continuous demand for Gilat's innovative satellite communications solutions as operators expand their networks to meet increasing user needs worldwide.
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) ha assicurato circa 15 milioni di dollari in ordini da diversi importanti operatori satellitari per le sue soluzioni avanzate di comunicazione satellitare. Questi ordini coprono costellazioni GEO, MEO e LEO, dimostrando il vasto portafoglio di segmenti a terra all'avanguardia dell'azienda.
Si prevede che gli ordini vengano consegnati nel prossimo anno e mezzo. Questo sviluppo rafforza la posizione di Gilat come fornitore fidato di tecnologia satellitare all'avanguardia e sottolinea le solide partnership che ha sviluppato con i principali attori del settore. Le soluzioni di Gilat sono fondamentali per abilitare una vasta gamma di servizi di connettività e aziendali a livello globale.
Hagay Katz, Chief Product and Marketing Officer, ha sottolineato la continua domanda per le innovative soluzioni di comunicazione satellitare di Gilat, mentre gli operatori espandono le loro reti per soddisfare le crescenti esigenze degli utenti in tutto il mondo.
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) ha asegurado aproximadamente 15 millones de dólares en pedidos de varios importantes operadores de satélites para sus soluciones avanzadas de comunicaciones satelitales. Estos pedidos cubren constelaciones GEO, MEO y LEO, demostrando el amplio portafolio de segmentos terrestres de última generación de la empresa.
Se espera que los pedidos se entreguen en los próximos 18 meses. Este desarrollo refuerza la posición de Gilat como proveedor de confianza de tecnología satelital de vanguardia y subraya las sólidas asociaciones que ha desarrollado con actores clave de la industria. Las soluciones de Gilat son críticas para habilitar una amplia gama de conectividad y servicios empresariales a nivel global.
Hagay Katz, Director de Producto y Marketing, destacó la demanda continua de las soluciones innovadoras de comunicación satelital de Gilat, mientras los operadores expanden sus redes para satisfacer las crecientes necesidades de los usuarios en todo el mundo.
길라트 위성 네트워크 (Nasdaq: GILT, TASE: GILT)는 여러 주요 위성 운영자로부터 1500만 달러의 주문을 확보했습니다. 이 주문은 GEO, MEO 및 LEO 별자리를 포함하여 회사의 최첨단 지상 시스템 포트폴리오를 보여줍니다.
주문은 향후 18개월에 걸쳐 전달될 예정입니다. 이번 개발은 길라트가 첨단 위성 기술의 신뢰할 수 있는 공급자로서의 입지를 강화하고 주요 산업 플레이어와의 강력한 파트너십을 강조합니다. 길라트의 솔루션은 전 세계적으로 다양한 연결성과 기업 서비스를 가능하게 하는 데 필수적입니다.
해가이 카츠 제품 및 마케팅 총괄은 운영자들이 전 세계 사용자 요구 증가에 맞추어 네트워크를 확장함에 따라 길라트의 혁신적인 위성 통신 솔루션에 대한 지속적인 수요를 언급했습니다.
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) a sécurisé environ 15 millions de dollars de commandes de plusieurs grands opérateurs de satellites pour ses solutions avancées de communications satellitaires. Ces commandes couvrent des constellations GEO, MEO et LEO, démontrant le vaste portefeuille de segments terrestres à la pointe de la technologie de l'entreprise.
Les commandes devraient être livrées au cours des 18 mois à venir. Ce développement renforce la position de Gilat en tant que fournisseur de confiance de technologies satellitaires de pointe et souligne les solides partenariats qu'elle a établis avec les principaux acteurs de l'industrie. Les solutions de Gilat sont essentielles pour permettre une large gamme de connectivité et de services d'entreprise à l'échelle mondiale.
Hagay Katz, Directeur des produits et du marketing, a noté la demande continue pour les solutions innovantes de communications satellitaires de Gilat, alors que les opérateurs étendent leurs réseaux pour répondre aux besoins croissants des utilisateurs dans le monde entier.
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) hat etwa 15 Millionen Dollar an Aufträgen von mehreren großen Satellitenbetreibern für seine fortschrittlichen Satellitenkommunikationslösungen gesichert. Diese Aufträge decken GEO, MEO und LEO-Konstellationen ab und zeigen das breite Spektrum an modernen Bodensegmenten des Unternehmens.
Die Aufträge werden voraussichtlich in den nächsten 18 Monaten geliefert. Diese Entwicklung festigt Gilats Position als vertrauenswürdigen Anbieter von Spitzentechnologie im Bereich Satellitentechnologie und hebt die starken Partnerschaften hervor, die mit wichtigen Akteuren der Branche aufgebaut wurden. Die Lösungen von Gilat sind entscheidend für die Ermöglichung einer breiten Palette von Konnektivitäts- und Unternehmensdiensten weltweit.
Hagay Katz, Chief Product and Marketing Officer, stellte die anhaltende Nachfrage nach Gilats innovativen Satellitenkommunikationslösungen fest, während Betreiber ihre Netzwerke erweitern, um den wachsenden Bedürfnissen der Nutzer weltweit gerecht zu werden.
- Secured approximately $15 million in new orders
- Orders span GEO, MEO, and LEO constellations, showcasing product versatility
- Delivery expected over 18 months, indicating near-term revenue potential
- Reinforces partnerships with major satellite operators
- None.
Insights
The
The 18-month delivery timeline suggests a steady revenue stream over the near term, which could help stabilize cash flows. However, investors should note that this order size, while significant, may not dramatically alter Gilat's financial outlook given its scale.
The diverse customer base, including "several major satellite operators," indicates strong industry relationships and reduced concentration risk. This could position Gilat well for future contract wins as the satellite communications market continues to expand.
While positive, the impact on the stock may be unless this signals the beginning of a larger trend in order growth. Investors should monitor future announcements for signs of accelerating momentum in Gilat's order book.
Gilat's success in securing orders across GEO, MEO and LEO constellations demonstrates the company's technological adaptability. This is important in the rapidly evolving satellite communications industry, where different orbital configurations are being deployed to meet various connectivity needs.
The company's "wide state-of-the-art ground segment portfolio" suggests a strong competitive position in providing critical infrastructure for satellite networks. This diversification across orbital types could help Gilat maintain relevance as the industry shifts towards more LEO and MEO deployments.
The emphasis on "future-ready connectivity" indicates that Gilat's solutions are designed with scalability and longevity in mind, which is essential for satellite operators making long-term infrastructure investments. This forward-thinking approach could lead to sustained demand for Gilat's products.
Investors should consider how Gilat's technology stack compares to competitors and whether it can maintain its edge in this fast-paced sector. The company's ability to continue innovating across multiple satellite architectures will be key to its long-term success.
The orders demonstrate the company’s wide state-of-the-art ground segment portfolio
PETAH TIKVA, Israel, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that it has been awarded approximately
These new orders underscore the strong, ongoing partnerships Gilat has developed with key industry players, reinforcing the company’s position as a trusted provider of cutting-edge satellite technology. Gilat’s solutions are critical in enabling a broad range of connectivity and enterprise services across the globe.
“We are witnessing continuous demand for our innovative satellite communications solutions, as operators continue to expand their networks to meet the increasing needs of users worldwide,” said Hagay Katz Chief Product and Marketing Officer. “Our portfolio ensures future-ready connectivity, serving diverse markets and applications with unparalleled reliability and reach.”
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 current terrorist attacks by Hamas, and the war and hostilities between Israel and Hamas, and Israel and Hezbollah and Iran; 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
FAQ
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