Gilat Satellite Networks .(GILT) ZACKS·2025-02-20 15:20Core 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 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].