Gilat Secures Order of More Than $3M for its Cutting Edge SSPAs

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$6.43 [11]