World-Leading UAV Manufacturer Selects Gilat in Multi-Year, Multimillion-Dollar Strategic Agreement for UAV Terminals
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) announced a multi-year, multimillion-dollar agreement with a leading UAV manufacturer to integrate its next-generation BRP60 satellite communication terminals into high/medium altitude long-endurance unmanned aerial vehicles. The BRP60 offers enhanced features and is designed for various applications worldwide. This partnership marks a significant milestone in Gilat's progress within the UAV sector, underscoring its commitment to innovative satellite-based communication solutions.
- Multi-year, multimillion-dollar agreement with a leading UAV manufacturer.
- Introduction of BRP60 terminals enhances UAV capabilities.
- Partnership represents a significant milestone in Gilat's business growth.
- None.
Gilat's next generation satellite communication terminals to enable advanced capabilities in high/medium altitude, long-endurance unmanned aerial vehicles from the world-leading manufacturer
PETAH TIKVA, Israel, Nov. 10, 2022 (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 entered into a multi-year, multimillion-dollar strategic framework agreement with a world-leading UAV manufacturer.
High/Medium Altitude Long Endurance (HALE/MALE) Unmanned Aerial Vehicles (UAVs) will be empowered with innovative capabilities enabled by next generation BRP60 satellite communication terminals from Gilat.
The BRP60 is a modular SATCOM terminal that has recently been optimized with advanced capabilities increasing system robustness and reliability. With a multi-axis, 60cm parabolic dish, it is configurable to operate with Ku or Ka-band satellites. Designed for new platforms and evolving UAV designs, Gilat's BRP60 is ready to adapt to sophisticated missions anywhere in the world.
“We are proud to have the latest generation of our satellite communication terminals in these UAVs, which are serving a variety of applications all over the world,” said Michal Aharonov, Chief Commercial Officer at Gilat. “This new agreement represents an important milestone in our long-term partnership and continuing success in the industry.”
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications.
With over 30 years of experience, we create and deliver deep technology solutions for satellite, ground and new space connectivity and provide comprehensive end-to-end solutions and services, 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.
Delivering high value solutions, our portfolio is comprised of a cloud-based platform and high performance satellite terminals designed to work in harmony with satellite constellations, including Very High Throughput Satellites (VHTS) and Software-Defined Satellites (SDS) in multiple orbits; high performance Satellite On-the-Move (SOTM) antennas; and highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC).
Gilat’s comprehensive solutions support multiple applications with a full portfolio of products to address key applications including broadband access, mobility, cellular backhaul, military, government, and enterprise, all while meeting the most stringent service level requirements. For more information, please visit: 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, risks associated with the outbreak and global spread of the coronavirus (COVID-19) pandemic; 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. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.
Contact:
Gilat Satellite Networks
Doreet Oren, Senior Director Corporate Communications
DoreetO@gilat.com
EK Global IR
Ehud Helft, Managing Partner
ehud@ekgir.com
FAQ
What is the latest agreement involving Gilat Satellite Networks and UAVs?
What are the features of Gilat's BRP60 terminal?
What date was the agreement announced for Gilat and UAVs?
How does the BRP60 terminal benefit unmanned aerial vehicles?
What stock symbol is associated with Gilat Satellite Networks?
