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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
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Gilat Satellite Networks secures a $5 million contract from the US Department of Defense to provide baseband equipment to its subsidiary, DataPath, for satellite communication architecture. The baseband networking solution will enhance operational flexibility and connectivity for transportable satcom hubs, ensuring success globally.
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Gilat Satellite Networks subsidiary, DataPath, Inc., secures a $12 million contract from the United States Army for Wavestream's Solid State Amplifiers for Satellite Transportable Terminals. The contract aims to ensure reliable satellite connectivity for warfighters in harsh environments globally.
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Gilat Satellite Networks secures over $13M in orders from satellite operators to enhance global SATCOM networks with SkyEdge IV technology, showcasing the company's leadership in satellite networking solutions.
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Gilat Satellite Networks secures a $5 million order from the US Department of Defense for DKET 3421 terminals, enhancing its position as a leader in satellite networking technology. The terminals offer operational flexibility, capacity, and connectivity for mission-critical communications, supporting multi-carrier operations with scalable architecture. The order highlights the company's ability to deliver reliable solutions meeting stringent requirements.
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Gilat Satellite Networks will be presenting at the 14th Annual LD Micro Invitational on April 9, 2024. Mr. Gil Benyamini, CFO, will present to investors at 8:00 am ET. The event will include 80 companies presenting and private one-on-one meetings. Interested parties can register to watch the presentation virtually.
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Gilat Satellite Networks files Annual Report on Form 20-F with the SEC for the year ended December 31, 2023.
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Gilat Satellite Networks announces Cloud and 5G NTN evolution strategy to support Satellite Operators and service providers, focusing on efficiency, adaptability, and strategic evolution.
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Gilat Satellite Networks Ltd. has been chosen by Safran Passenger Innovations for a strategic in-flight connectivity program, leading to the development of new Ku band Power Supply Unit (KPSU) products. These products will support Safran's Ku-band electronically steerable antenna (ESA) and aim to meet the increasing demand for in-flight connectivity solutions in the market.
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Gilat Satellite Networks Ltd. reports strong financial results for Q4 2023 and full year 2023 with revenue of $75.6 million and $266.1 million respectively. The company's GAAP operating income and Adjusted EBITDA show significant growth, indicating a positive outlook for the future.
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Gilat Satellite Networks Ltd. announced a $10 million follow-on order from the US Department of Defense for DKET 3421 terminals, transportable satcom hubs that provide operational flexibility, capacity, and connectivity. The field-proven terminal supports multi-carrier operations and can be deployed in less than three hours. The order reflects the company's dedication to meeting and exceeding customer expectations in government and military operations.
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FAQ
What is the current stock price of Gilat Satellite Networks (GILT)?
The current stock price of Gilat Satellite Networks (GILT) is $4.875 as of November 14, 2024.
What is the market cap of Gilat Satellite Networks (GILT)?
The market cap of Gilat Satellite Networks (GILT) is approximately 282.8M.
What does Gilat Satellite Networks Ltd. specialize in?
Gilat specializes in satellite-based broadband communications, designing and manufacturing ground-based satellite equipment and providing comprehensive solutions and services.
What are the key products in Gilat's portfolio?
Gilat's portfolio includes a cloud-based VSAT network platform, high-speed modems, on-the-move antennas, and high-power solid-state amplifiers (SSPA) and block upconverters (BUC).
What applications do Gilat's solutions support?
Gilat's solutions support broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense, and public safety applications.
Can you provide recent achievements of Gilat?
Recent achievements include providing additional Ka-band BUCs for mobile STTs, supplying baseband equipment for satellite communication, and expanding IFC footprint with the Taurus modem.
What is the SkyEdge IV platform?
SkyEdge IV is Gilat's next-generation multi-service platform supporting multi-orbit operations with MEO and GEO satellites for high-performance communications.
How is Gilat contributing to social inclusion?
Gilat is involved in government-sponsored projects providing internet connectivity to rural areas not supported by terrestrial networks.
What financial performance highlights can you share about Gilat?
Gilat reported a 29% year-over-year revenue growth, a GAAP operating income of $5.4 million, and an adjusted EBITDA of $9.3 million.
Who are some of Gilat's key partners?
Gilat partners with industry leaders like SES for the O3b mPOWER constellation and provides technology for mission-critical military applications.
How does Gilat support in-flight connectivity?
Gilat's Taurus modem delivers high-performance connectivity solutions for commercial airlines and business aviation, supporting multi-orbit satellite constellations.
Where can I find more information about Gilat Satellite Networks Ltd.?
For more detailed information, visit their official website at www.gilat.com.
Gilat Satellite Networks Ltd
Nasdaq:GILT
GILT Rankings
GILT Stock Data
282.76M
57.02M
31.21%
0.09%
Communication Equipment
Technology
United States of America
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