Gilat Secures Approximately $15 Million in Orders from Leading Satellite Operators for GEO, MEO and LEO Constellations
Rhea-AI Summary
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.
Positive
- 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
Negative
- 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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