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Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a global leader in satellite-based broadband communications. With over 35 years of experience, Gilat designs and manufactures advanced ground segment equipment and delivers comprehensive solutions and end-to-end services. Their innovative portfolio includes a cloud-based VSAT network platform, high-speed modems, high-performance antennas, and high-power solid-state amplifiers (SSPA) and block upconverters (BUC).
Gilat’s solutions support a wide range of applications, including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense, and public safety. The company's products are known for their reliability and efficiency, meeting the most stringent service level requirements.
Recent achievements include:
- Providing additional 50W Ka-band BUCs for mobile Satellite Transportable Terminals (STTs).
- Supplying baseband equipment for comprehensive satellite communication architecture.
- Supporting social inclusion projects that provide internet connectivity in remote areas.
- Expanding In-Flight Connectivity (IFC) footprint into business aviation and government markets with the Taurus modem.
- Developing next-generation software-defined radio modems for military applications.
- Enabling SES's O3b mPOWER constellation with the SkyEdge IV platform for unparalleled service flexibility and scale.
Gilat's strong financial performance is highlighted by a 29% year-over-year revenue growth, GAAP operating income of $5.4 million, and an adjusted EBITDA of $9.3 million.
For more information, please visit: www.gilat.com
Gilat Satellite Networks Ltd. (Nasdaq: GILT) has signed a strategic agreement valued at over $5 million with Pacific Dataport Inc. (PDI) to enhance broadband coverage in Alaska. Gilat's SkyEdge II-c multi-service platform will facilitate various applications, including direct-to-home broadband and enterprise services. PDI aims to deploy a robust multiservice network utilizing new GEO HTS/VHTS satellites, significantly increasing Alaska's middle mile capacity by 110 Gbps and serving approximately 98,000 users.
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) has announced additional orders worth $2 million to support gateways for Low Earth Orbit (LEO) constellations. These orders, part of a previously disclosed contract, were placed with Gilat's subsidiary Wavestream, which will supply Gateway Solid State Power Amplifiers (SSPAs) to a leading satellite operator. Wavestream is on track to deliver over 800 SSPAs within the next year, emphasizing its technical performance and reliability in challenging environments.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) will announce its second quarter 2021 financial results on August 10, 2021. CEO Adi Sfadia and CFO Bosmat Halpern will host a conference call at 9:30 AM EST to discuss the results and business achievements. Investors can participate by dialing 1-866-744-5399 in the US or (972) 3-918-0610 internationally. A webcast of the event will also be available on the company's website and archived for 30 days.
Gilat is a leader in satellite-based broadband communications, offering innovative solutions across various applications.
Gilat Satellite Networks announced a multi-million-dollar contract to supply satellite communication equipment to a system integrator for a customer in Asia. The deal leverages Gilat's SkyEdge II-c platform and Capricorn VSATs to enhance defense forces' tactical SATCOM capabilities, especially for emergency response and C4I needs. The deployment includes multiple hubs and numerous VSATs in redundant configurations to meet security and regulatory standards. Gilat aims to expand its presence in the defense sector and other markets like education and oil & gas.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) announced receiving orders worth $9 million to support Low Earth Orbit (LEO) constellation gateways through its subsidiary, Wavestream.
The orders are part of a previously announced contract and include over 800 Gateway-Class SSPAs. Wavestream plans to complete all deliveries within the next 12 months, marking an unprecedented production rate for these complex systems, which are tailored for non-geostationary satellite orbit applications.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) has secured multiple projects with its local partner Newsat to provide advanced military communication solutions in Latin America. These solutions encompass fixed, airborne, maritime, and mobile military applications. Gilat's comprehensive offerings leverage the SyEdge II-c platform, ensuring high network availability and support for critical operations. The partnership aims to enhance communication capabilities for the armed forces across various operational needs, reaffirming their long-term collaboration spanning over 15 years.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) has secured a contract as the sole provider of satellite communication equipment for military applications. This contract aims to meet advanced defense connectivity requirements, particularly in net-centric warfare. The company's SkyEdge II-c platform will deliver critical infrastructure for battlefield communication. Gilat expressed pride in its capabilities to address stringent demands in the global defense market, marking a significant strategic advancement.
Gilat Satellite Networks has secured a $13M contract from Pronatel to provide public free WI-FI services across Ayacucho, Apurímac, Huancavelica, and Cusco in Peru over the next two years. This initiative aligns with the Peruvian government's efforts to enhance internet access for education during the pandemic, supplying students with the necessary tools to connect remotely. Gilat's infrastructure will support hundreds of hotspots aimed at improving educational resources, presenting potential for significant future revenue growth.
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) announces the expansion of its IoT project in Latin America with a Tier-1 mobile network operator. The multi-million dollar initiative enhances the Agriculture IoT network through Gilat's 4G cellular backhaul solution, improving communication between fields and offices, thus supporting real-time monitoring of agricultural machinery. This advancement aims to increase productivity in rural farming, aligning with the growing demand for IoT solutions in agribusiness.
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) announced over $4 million in orders for Low Earth Orbit (LEO) constellation gateway support. Their subsidiary Wavestream is supplying Gateway Solid State Power Amplifiers (SSPAs) to a leading satellite operator. The SSPAs are designed for high-performance networks, showcasing reliability in harsh environments. Manufacturing is proceeding at a high rate, indicating strong production capacity. Gilat's experience and technology position it favorably in the competitive satellite communication market.
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