Core Insights - Gilat Satellite Networks Ltd. (GILT) has secured a 6millioncontractforitsSkyEdgeII−csatellitecommunicationsplatformfromamilitaryorganizationintheAsia−Pacificregion,enhancingitspositioninthedefensesector[1][2]−Thecontractissetfordeliverywithinthreemonthsandwillsupportbothfixedandmobilemilitaryoperations,featuringadvancedcybersecuritymeasures[2]−GILT′ssharesroseby13.647.58 on March 5 [2] Company Developments - GILT is focusing on the emerging defense SATCOM market, which is expected to grow as military forces adopt next-generation satellite communication technologies [3] - In February 2025, GILT formed a new Defense Division to meet the increasing demand for secure government and military SATCOM solutions, consolidating expertise from various subsidiaries [4] - The company’s U.S.-based subsidiary, Gilat DataPath, secured contracts exceeding 5millionfromtheU.S.DepartmentofDefenseandinternationaldefenseforces[6]FinancialPerformance−Inthelastreportedquarter,GILT′snetsalesreached78.1 million, a 3% increase year-over-year, driven by growth in the defense and in-flight connectivity sectors [7] - Management projects 2025 revenues between 415millionand455 million, with adjusted EBITDA expected to range from 47millionto53 million [7] - GILT has restructured its organization into three divisions effective January 1, 2025, to enhance focus on key markets and provide better insights into business opportunities [8] Market Position - GILT currently holds a Zacks Rank 2 (Buy) and has seen its shares surge 72.1% over the past six months, outperforming the Zacks Satellite and Communication industry's growth of 37.1% [9]
Gilat Satellite Networks .(GILT) ZACKS·2025-03-06 15:10