Contracts and Revenue Growth - Gilat Satellite Networks' subsidiary, Gilat DataPath, secured contracts exceeding $5 million from the US Department of Defense and international defense forces, involving DKET terminals and Field Service Representative support [1] - Gilat's revenues increased 17% year over year to $74.6 million in the last reported quarter, driven by acquisitions and strong demand for defense and in-flight connectivity solutions [5] - Gilat received $3 million in orders for Gateway Solid State Power Amplifiers (SSPAs) and $9 million in orders for SkyEdge IV and SkyEdge II-c communication platforms [6] Defense Sector and Market Position - Gilat DataPath is recognized as a trusted partner for defense organizations, providing reliable, high-quality support for mission-critical systems [2] - The company's equipment is effectively deployed and maintained on-site, ensuring reliable communication for national and international defense organizations [3] - Gilat's strength in the defense sector is bolstered by growing demand for defense SATCOM solutions due to NGSO expansion and geopolitical events [4] Acquisitions and Future Prospects - Gilat completed the acquisition of Stellar Blu Solutions, a premium provider of advanced SATCOM terminal solutions, expected to generate $120-$150 million in revenues in 2025 [7] - Stellar Blu's EBITDA margin is projected to exceed 10% once it reaches full manufacturing capacity in late 2025 [7] Stock Performance and Industry Comparison - Gilat's stock price surged 49.1% in the past six months, outperforming the industry's growth of 29.7% [8] - Other technology stocks like Ubiquiti Inc, InterDigital Inc, and Intrusion Inc have shown strong performance, with Ubiquiti's shares surging 143.3% in the past six months [9][10][11][12]

PETAH TIKVA, Israel, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced that it will release its fourth quarter and full year 2024 financial results on Wednesday, February 12, 2025. Conference Call and Webcast Following the release, Adi Sfadia, Chief Executive Officer, and Gil Benyamini, Chief Financial Officer, will discuss Gilat’s fourth quarter and full year 2024 result ...

Technical and Field Services to Ensure Reliable, Mission-Critical Communications WorldwidePETAH TIKVA, Israel, Jan. 21, 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 over $5 Million in contracts from the US Department of Defense (DoD) and additional international Defense Forces. These contracts, for DKET ter ...

Quick response ensured continuity of critical communications services by Southern Linc for first responders and utilitiesPETAH TIKVA, Israel, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a world leader in satellite networking technology, solutions, and services, in partnership with Hispasat, swiftly responded to Southern Linc’s urgent request for additional satellite capacity in the wake of Hurricane Helene. This Category 5 hurricane—a rare 100-year event—severely im ...

Company Overview - GILT is a leading provider of satellite-based broadband services, offering advanced equipment and innovative technology for applications such as broadband access, cellular backhaul, enterprise services, In-Flight Connectivity (IFC), maritime, trains, defense, and public safety [1] - The company's strength in the defense sector is bolstered by growing demand for defense SATCOM solutions due to NGSO expansion and geopolitical events [1] Recent Developments - On Jan 6, 2025, GILT received $9 million in orders from leading satellite operators for its SkyEdge IV and SkyEdge II-c platforms, with delivery expected within the next 12 months [2] - On Jan 8, 2025, GILT completed the acquisition of Stellar Blu Solutions LLC, a U.S.-based provider of advanced SATCOM terminal solutions, to strengthen its position in the In-Flight Connectivity market and enhance its commercial and business aviation space [3] - GILT secured additional orders worth over $3 million for its Gateway Solid State Power Amplifiers (SSPAs), designed to support Low Earth Orbit (LEO) satellite constellations, with deliveries scheduled within the next 12 months [11] Product and Technology - GILT's SkyEdge technology supports applications like maritime, cellular backhaul, and enterprise solutions [2] - The company's SSPAs are known for high efficiency, reliability, and performance, offering high-power, lightweight, and energy-efficient solutions for seamless connectivity in challenging environments [12] Market Position and Growth Prospects - Increasing adoption of GILT's solutions reinforces its leadership in satellite communication innovation, enabling service providers to enhance capabilities and meet the growing demand for global connectivity [4] - The company's strategic acquisitions and increasing orders position it well to capture a larger share of the satellite-based broadband services market, driving revenue growth and stock performance [5] Stock Performance - GILT currently holds a Zacks Rank 2 (Buy), with its shares surging 38.1% in the past six months, outperforming the industry's growth of 16.3% [8] - Following the announcement of the $3 million SSPA orders, GILT's shares rose 2.3% in the last trading session, closing at $6.43 [11]

Company Performance and Orders - Gilat Satellite Networks announced orders exceeding $3 million for its Gateway Solid State Power Amplifiers (SSPAs) from leading service providers, expected to be delivered within the next 12 months [1] - The orders reinforce Gilat's position as a key provider of high-performance RF solutions for Non-Geostationary Satellite Orbit (NGSO) networks, particularly for Low Earth Orbit (LEO) constellations [1] Product and Technology - Gilat's high-performance SSPAs are critical components of its innovative product portfolio, offering exceptional efficiency, reliability, and performance [2] - The SSPAs are designed to meet the stringent requirements of LEO constellations, where high-power, lightweight, and energy-efficient solutions are essential for seamless connectivity and optimal performance [2] - Gilat's product portfolio includes a cloud-based platform, high-performance satellite terminals, Satellite On-the-Move (SOTM) antennas, SSPAs, Block Upconverters (BUCs), and integrated ground systems for commercial and defense applications [4] Industry and Market Position - The orders highlight Gilat's leadership in satellite communication innovation, enabling service providers to expand their capabilities and meet the growing demand for global connectivity [3] - Gilat's SSPAs are well-positioned to play a critical role in powering the next generation of satellite networks, especially with the increasing adoption of LEO constellations [3] - The company's comprehensive offering supports multiple applications, including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure, while meeting stringent service level requirements [5] Company Overview - Gilat Satellite Networks is a leading global provider of satellite-based broadband communications with over 35 years of experience [3] - The company delivers deep technology solutions for satellite, ground, and new space connectivity, providing secure end-to-end solutions and services for mission-critical operations [3]

PETAH TIKVA, Israel, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced management’s participation in the 27th Annual Needham Growth Conference on Tuesday, January 14, 2025. Mr. Adi Sfadia, the Company’s CEO, and Mr. Gil Benyamini, the Company’s CFO, will be available for one-on-one meetings with investors at the conference. Management will also host a fireside chat on Tue ...

Acquisition Overview - Gilat Satellite Networks Ltd (GILT) has acquired Stellar Blu Solutions LLC, a US-based provider of advanced SATCOM terminal solutions and satellite connectivity [1] - The acquisition was announced in June 2024 and is expected to enhance Gilat's position in the In-Flight Connectivity (IFC) market and adjacent high-end mobility sectors [2] Financial Impact - The acquisition is expected to generate annual revenues between $120 million and $150 million by 2025 [3] - Stellar Blu's EBITDA margin is projected to exceed 10% once it reaches planned manufacturing capacity in the second half of 2025 [3] - The deal was finalized with an adjusted cash payment of $98 million, utilizing $60 million from a $100 million secured credit line [4] - The acquisition payment may increase by up to $147 million if specific operational and strategic milestones are met within two years [4] Strategic Benefits - The acquisition aligns with the growing demand for high-quality in-flight Wi-Fi and leverages Stellar Blu's expertise in multi-orbit IFC solutions [5] - Gilat plans to ship hundreds of Stellar Blu's Sidewinder terminals in the coming quarters, creating new growth opportunities in the aviation industry [5] - The acquisition strengthens Gilat's leadership in the satellite networking industry, particularly in aviation and mobility markets [7] Company Background - Gilat is a leading provider of satellite-based broadband services, offering advanced equipment and innovative technology for various applications, including IFC, maritime, defense, and public safety [6] - The company's strength in the defense sector is bolstered by increasing demand for defense SATCOM solutions due to NGSO expansion and geopolitical events [6] Recent Developments - On Jan 6, 2025, Gilat received $9 million in orders for its SkyEdge IV and SkyEdge II-c platforms from leading satellite operators, with delivery expected within the next 12 months [8] Stock Performance - Gilat's stock has surged 45.3% in the past six months, outperforming the industry's growth of 27% [9]

Gilat Satellite (GILT) shares soared 9.8% in the last trading session to close at $6.70. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.2% gain over the past four weeks.The increase in share price can be attributed to the lucrative deals that the company secured over the past week. Recently, Gilat won $9 million in orders from key satellite operators for its SkyEdge IV and SkyEdge II-c communication platforms, with delivery pl ...

Acquisition Overview - Gilat Satellite Networks successfully closed the acquisition of Stellar Blu Solutions LLC, a leading US-based provider of next-generation SATCOM terminal solutions [2] - The acquisition is expected to add $120-150 million in annual revenues for Gilat by 2025, based on Stellar Blu's robust backlog [3] - The acquisition is expected to be accretive on non-GAAP results for 2025 and Stellar Blu's EBITDA margin is projected to exceed 10% once it reaches target manufacturing capacity in the second half of 2025 [3] Strategic Impact - The acquisition is a pivotal step in Gilat's strategy to expand its presence in the growing In-Flight Connectivity (IFC) market [3] - Combining Stellar Blu's cutting-edge technologies with Gilat's advanced IFC solutions positions the company as a market leader in commercial and business aviation, as well as adjacent high-end mobility markets ideal for Electronically Steered Antenna (ESA) applications [3] - The acquisition enhances Gilat's ability to meet demanding service level agreements in the industry, opening new growth opportunities in aviation and beyond [3] Financial Details - The acquisition consideration at closing was $98 million in cash, adjusted [3] - Gilat used a new secured credit line of $100 million from HSBC Bank USA and Bank Hapoalim to fund $60 million of the consideration, with the remaining $40 million expected to cover potential earn-out payments [3] - The consideration payment may increase by up to an additional $147 million in cash, contingent upon Stellar Blu achieving operational and strategic business milestones within the first two years post-acquisition [4] Product and Market Focus - Stellar Blu specializes in developing cutting-edge connectivity, network, and avionics solutions for next-generation satellite networks, focusing on aircraft communications technologies for leading airlines and other aerospace and mobility markets [5] - Gilat expects to ship hundreds of Stellar Blu's Sidewinder terminals in the upcoming quarters [3] Company Background - Gilat Satellite Networks is a global provider of satellite-based broadband communications with over 35 years of experience, offering deep technology solutions for satellite, ground, and new space connectivity [7] - The company's portfolio includes high-value solutions for multiple orbit constellations, cloud-based platforms, high-performance satellite terminals, and integrated ground systems for commercial and defense applications [8] - Gilat supports multiple applications with a full portfolio of products and tailored solutions for broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure clients [9]