Gilat expands its HLS and Defense strategic footprint with investment in cutting-edge deep-tech companyPETAH TIKVA, Israel, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a global leader in satellite networking technology, solutions, and services, today announced an investment of up to $3.5 million in Crosense, an early-stage startup revolutionizing drone detection and tracking. The investment is part of a funding round co-led by Frontier Capital, reinforcing str ...

Core Viewpoint - Gilat Satellite Networks Ltd. has established a new Defense Division to meet the rising demand for secure government and military satellite communications (SATCOM) solutions [1][4]. Company Developments - The newly formed Gilat Defense combines the expertise of Gilat, Gilat DataPath, and Gilat Wavestream to provide comprehensive SATCOM solutions for military and government agencies, focusing on the U.S. Department of Defense, NATO, and allied forces [2]. - Gilat Defense will showcase its innovations, including the GLT 1500 terminal and the DataPath 2.6m antenna, at the Satellite 2025 event in Washington, DC [3]. - The company plans to increase investments in research and development, sales, and marketing within the Defense segment to capitalize on emerging opportunities [6]. - Gilat has restructured its organization into three divisions: Gilat Defense, Gilat Commercial, and Gilat Peru, effective January 1, 2025, to enhance market focus and transparency for investors [8]. Financial Performance - In the fourth quarter of 2024, Gilat's Satellite Network revenues were $49.1 million, accounting for 62.8% of total net sales, a decrease from $53.5 million in the previous year due to the exit from the Russian market [7]. - Despite the revenue decline, the company remains committed to expanding its portfolio of secure satellite solutions for government and military applications [7]. Market Position - Gilat's stock has performed well, with shares increasing by 45.8% over the past six months, outperforming the Zacks Satellite and Communication industry's growth of 43.5% [9].

PETAH TIKVA, Israel, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT)), a worldwide leader in satellite networking technology, solutions and services, today announced the formation of its new Defense Division, a strategic move designed to target the increasing demand for government and defense SATCOM solutions. Gilad Landsberg has been appointed President of Gilat's Defense Division, bringing over 20 years of experience in the defense industry. Gilat Defense provides ...

Gilat Defense integrates technologies from Gilat, Gilat DataPath, Gilat Wavestream & Gilat Stellar Blu to deliver mission-critical defense solutions and servicesPETAH TIKVA, Israel, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced the formation of its new Defense Division, a strategic move designed to target the increasing demand for government and defense SATCOM solution ...

Gilat Satellite Networks Ltd. (NASDAQ:GILT) Q4 2024 Earnings Conference Call February 12, 2025 9:30 AM ET Company Participants Mayrav Sher - Head of Finance and IR Adi Sfadia - CEO Gil Benyamini - CFO Conference Call Participants Sergey Gleimyamov - Freedom Brokers Louie DiPalma - William Blair Ryan Koontz - Needham & Company Chris Quilty - Quilty Space Gunther Karger - Discovery Group Operator Ladies and gentlemen, thank you for standing by. Welcome to Gilat's Fourth Quarter 2024 Results Conference Call. A ...

Gilat Satellite Networks Ltd. (NASDAQ:GILT) Q4 2024 Earnings Conference Call February 12, 2025 9:30 AM ET Company Participants Mayrav Sher - Head of Finance and IR Adi Sfadia - CEO Gil Benyamini - CFO Conference Call Participants Sergey Gleimyamov - Freedom Brokers Louie DiPalma - William Blair Ryan Koontz - Needham & Company Chris Quilty - Quilty Space Gunther Karger - Discovery Group Operator Ladies and gentlemen, thank you for standing by. Welcome to Gilat's Fourth Quarter 2024 Results Conference Call. [ ...

Q4 Revenue of $78.1 million, GAAP Operating Income of $12.8 million and Adjusted EBITDA of $12.1 million 2024 Revenue of $305.4 million, GAAP Operating Income of $27.7 million and a 25-year Record Adjusted EBITDA of $42.2 million Expects 2025 Revenues to increase by 36%-50% Announces New Reporting Segments PETAH TIKVA, Israel, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today report ...

Gilat Satellite Networks Ltd. (GILT) is scheduled to report fourth-quarter 2024 results on Feb. 12.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for fourth-quarter earnings per share (EPS) has been steady at 14 cents in the past 60 days, suggesting growth of 27.3% from the year-ago quarter’s figure. The consensus mark for revenues is pegged at $83.7 million, indicating a rise of 10.7% from the year-earlier quarter’s actuals. In the last reported quarte ...

Gilat Satellite Networks Ltd. (GILT) recently announced that its wholly owned U.S.-based subsidiary, Gilat DataPath, has secured $4 million in contracts from global defense clients. The orders include the CCT200, CCT120 and QCT90 portable satellite terminals, which will be delivered over the next year.The advanced antenna technology in the CCT200, CCT120 and QCT90 ensures high-speed and reliable connectivity, even in difficult operational conditions. Increasing exposure and rising demand for Gilat DataPath’ ...

PETAH TIKVA, Israel, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that its wholly owned US-based subsidiary, Gilat DataPath, has been awarded $4M contracts from global Defense customers. These orders, for the company's CCT200, CCT120 and QCT90 portable terminals, are slated for delivery over the next 12 months. Gilat DataPath's C-Series and Q-Series Portable Satellite Ante ...