Gilat Satellite Networks Ltd - GILT STOCK NEWS

Gilat Satellite Networks has secured a multimillion-dollar contract with Intelsat to provide satellite cellular backhaul solutions in the Democratic Republic of the Congo. This initiative aims to enhance mobile connectivity, serving nearly 1,000 remote sites in a country with over 90 million residents. The deal involves Gilat's SkyEdge II-c platform and Capricorn VSATs, addressing areas where traditional backhaul networks are not feasible. This partnership emphasizes both companies' commitment to closing the digital divide through innovative satellite technology.

Gilat Satellite Networks has made significant advancements in electronically steerable antenna (ESA) technology for in-flight connectivity (IFC), successfully completing flight tests in collaboration with Airbus Defence and Space as part of the Clean Sky 2 project. The tests showcased Gilat's ESA operating with the SkyEdge II-c platform and Taurus aero MODMAN on the AMOS-17 satellite, demonstrating high performance and robustness during flight. The technology is poised for widespread adoption in the IFC market, supporting advancements in aerospace efficiency.

Gilat Satellite Networks (Nasdaq: GILT) announced a multimillion-dollar order from Intelsat to enhance in-flight connectivity (IFC) capabilities with its SkyEdge IV Taurus modems. These modems provide high-quality Wi-Fi and IPTV services for commercial and regional aircraft. The SkyEdge IV platform is backward compatible, allowing Intelsat to leverage existing technologies while expanding their service offerings. This strategic partnership aims to capture a larger share of the recovering global IFC market, responding to increasing passenger demand for reliable connectivity.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) has announced that TIM Brasil has achieved over 1,000 sites using its SkyEdge II-c platform. This milestone establishes the largest 4G satellite cellular backhaul network in Latin America, enhancing rural and agriculture IoT connectivity. TIM Brasil's Sky Coverage program has benefitted from Gilat’s local support, helping to meet regulatory requirements while addressing the IoT market. The partnership exemplifies Gilat's commitment to bridging the digital divide in Brazil.

Gilat Satellite Networks Ltd. (NASDAQ: GILT) reported strong fourth quarter results, with revenue of $67.3 million, a 58% increase YoY. GAAP operating income reached $5.6 million, while non-GAAP operating income was $6.8 million. The company recorded a GAAP net income of $2.4 million or $0.04 per diluted share. For the full year 2021, revenue grew to $218.9 million, a 32% increase compared to 2020. Adjusted EBITDA also improved, reaching $15.7 million.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced a significant initial order from Intelsat for its next-generation SkyEdge IV platform. This technology will enhance in-flight connectivity and cellular backhaul services across North America, leveraging the Intelsat IS-40e satellite. SkyEdge IV is designed for adaptability with very high throughput satellites (VHTS), ensuring unified operations and seamless integration. This partnership aims to elevate service levels for multiple aircraft and mobile network operators, marking a pivotal development in Gilat's strategic collaborations.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced the expansion of its partnership with SES, integrating its SkyEdge IV platform with SES-17, a very high throughput satellite (VHTS). This collaboration will support both fixed and mobility services across the Americas, Caribbean, and Atlantic Ocean. SkyEdge IV will interface with SES’s upcoming O3b mPOWER constellation, enhancing cellular-backhaul and enterprise service capabilities. The integration promises seamless operation, enabling a resilient network using Gilat's Elastix-Total NMS system.

Gilat Satellite Networks Ltd. (GILT) has launched SkyEdge IV, a next-generation satellite communication ground system poised to capture significant opportunities in the multibillion-dollar VHTS market. This software-centric platform enhances operational efficiency and offers VSAT backward compatibility, safeguarding existing customer investments. SkyEdge IV supports multi-orbit constellations and is compatible with cloud SDN infrastructures. The platform includes ultra-high-performance VSATs capable of over 2Gbps throughput, with substantial orders already secured.

Gilat Satellite Networks Ltd. (GILT) announced its expanded partnership with Intelsat to enhance in-flight connectivity (IFC) services in Asia. Utilizing the SkyEdge II-c system, this collaboration aims to meet the growing post-COVID demand in commercial aviation. Intelsat’s Senior VP highlighted the anticipated revenue growth in the IFC segment as travel recovers. Gilat's technology is set to streamline service fulfillment, improving user experiences for airline passengers, reflecting a robust response to the rising need for internet connectivity.