Latest news with #GilatSatelliteNetworksLtd
Yahoo
3 days ago
- Business
- Yahoo
Gilat Defense Lands Multimillion-Dollar Israeli SATCOM Contract
Gilat Satellite Networks Ltd. GILT has announced that its defense division, Gilat Defense, secured a multimillion-dollar contract from Israel's Ministry of Defense. Under the agreement, the company will deliver and integrate advanced satellite communication (SATCOM) systems and related services. The deliveries are scheduled to be completed by the end of 2025. The contract involves the swift deployment of advanced SATCOM systems designed to meet the specific operational needs of Israel's defense forces. These systems are well-suited for a broad spectrum of military communication requirements, built and engineered to function in challenging and unpredictable conditions. Management stated that SATCOM is increasingly proving to be a vital and indispensable tool for defense forces worldwide. As a leading developer and supplier of mission-critical solutions, the company expressed pride in delivering a customized, time-sensitive solution for the Israeli Ministry of Defense. This accomplishment showcases the company's capability to address complex operational requirements with both speed and precision. Gilat Strengthens Defense Unit GILT, a leading provider of satellite-based broadband services, offers advanced solutions across sectors like In-Flight Connectivity (IFC), defense and public safety. With rising global demand for defense SATCOM, driven by NGSO growth and geopolitical tensions, Gilat is well-positioned to capitalize on these trends through its deep expertise and continued investment in secure, high-performance satellite communication technologies. The company's Defense unit is gaining healthy momentum, driven by increased global investment in secure, mission-critical communication technologies. In a world increasingly shaped by geopolitical uncertainties, nations and agencies are expanding their communication infrastructure to ensure security, resilience and operational agility. Gilat's wide-ranging portfolio positions it well to meet this rising demand, making defense a more prominent revenue stream. Gilat Satellite Networks Ltd. Price and Consensus Gilat Satellite Networks Ltd. price-consensus-chart | Gilat Satellite Networks Ltd. Quote In the second quarter of 2025, Gilat's Defense division strengthened its growth foundation amid rising global defense spending and demand for secure SATCOM solutions. The company engaged customers across North America, Europe and Asia-Pacific, leveraging synergies between Gilat DataPath and Wavestream. The Israeli Ministry of Defense placed orders exceeding $8 million for Gilat DataPath systems in the second quarter, underscoring the strength and versatility of its technology. In addition, Gilat DataPath secured a contract to provide field and technical services for the U.S. Army, starting with an initial order of more than $7 million. The program includes an option to extend for up to five years, with a potential total value of approximately $70 million. Gilat Defense also advanced its focused roadmap and broadened sales initiatives to enhance awareness of its technological expertise and its critical role in supporting the satellite connectivity needs of the U.S. and allied defense agencies. Second-quarter revenues totaled $105 million, marking a 37% increase from the same period last year. Commercial revenues (65.8% of second-quarter net sales) rose 59.1% year over year, fueled by the Stellar Blu acquisition, acquired in early January, adding $36 million in revenues, partly offset by the end of its operations in Russia in 2024. Defense revenues (19%) decreased a marginal 0.9% year over year. Peru revenues (15.2%) increased 21.9% year over year. Buoyed by strong first-half results, a solid backlog and a healthy pipeline across all major segments, management has raised its 2025 outlook. Revenues are now expected to be in the range of $435 million to $455 million, up from the previous forecast of $415 million to $455 million. Adjusted EBITDA is projected between $50 million and $53 million compared with the earlier range of $47 million to $53 million. Gilat's Zacks Rank & Stock Price Performance GILT currently carries a Zacks Rank #1 (Strong Buy). Shares of the company have soared 98.3% in the past year compared with the Zacks Satellite and Communication industry's growth of 50.9%. Image Source: Zacks Investment Research Stocks to Consider From the Computer and Technology Space Some better-ranked stocks from the broader technology space are CDW Corporation CDW, ExlService Holdings, Inc. EXLS and Genpact Limited G. CDW, EXLS and G carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here. CDW Corporation's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing in one, with the average surprise being 3.29%. In the last reported quarter, CDW delivered an earnings surprise of 4.42%. Its shares have declined 13.3% in the past six months. ExlService's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 7.55%. In the last reported quarter, EXLS delivered an earnings surprise of 8.89%. Its shares have increased 23% in the past year. Genpact's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 5.15%. In the last reported quarter, G delivered an earnings surprise of 3.53%. Its shares have increased 15.3% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Genpact Limited (G) : Free Stock Analysis Report ExlService Holdings, Inc. (EXLS) : Free Stock Analysis Report Gilat Satellite Networks Ltd. (GILT) : Free Stock Analysis Report CDW Corporation (CDW) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
10-06-2025
- Business
- Yahoo
Gilat Secures $27 Million for Gilat's Stellar Blu Portfolio
Orders and deliveries highlight continued interest in Stellar Blu Sidewinder ESA terminal for commercial, business and defense aviation markets PETAH TIKVA, Israel, June 10, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that its Commercial Division secured $27 million for Gilat Stellar Blu's ESA Terminal technology. Deliveries are expected primarily over the next 12 months. Gilat Stellar Blu's compact, high-performance, multi-orbit ESA terminal, technology, products and solutions are gaining traction across the aviation market as they are designed to meet the increasing connectivity demands of commercial, business and defense airborne platforms. The platform enables high-capacity communications with the agility and scalability required for next-generation aviation networks. The market for airborne communications is seeing strong momentum, with sustained investment from all sectors. This trend supports continued demand for innovative, high-value connectivity solutions worldwide. 'These orders and deliveries represent an important step forward in the continued expansion of our Sidewinder platform,' said Tracy Trent, President of Gilat Stellar Blu. With Gilat Stellar Blu's innovation and momentum, we're enabling more and more agile, scalable, and mission-critical airborne communications solutions for commercial, business and defense sectors.' About Gilat Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world. Together with our wholly owned subsidiaries—Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu—we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a cloud-based platform and modems; high-performance satellite terminals; advanced Satellite On-the-Move (SOTM) antennas and ESAs; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services. Gilat's products and tailored solutions support multiple applications including government and defense, IFC and mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words 'estimate', 'project', 'intend', 'expect', 'believe' and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat's products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat's products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company's proprietary technology and risks associated with Gilat's international operations and its location in Israel, including those related to the hostilities between Israel and Hamas. For additional information regarding these and other risks and uncertainties associated with Gilat's business, reference is made to Gilat's reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason. Contact: Gilat Satellite NetworksHagay Katz, Chief Product and Marketing Officerhagayk@ Alliance Advisors:GilatIR@ +1 212 838 3777Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Gilat: Q1 Earnings Snapshot
PETAH TIKVA, Israel (AP) — PETAH TIKVA, Israel (AP) — Gilat Satellite Networks Ltd. (GILT) on Monday reported a loss of $6 million in its first quarter. On a per-share basis, the Petah Tikva, Israel-based company said it had a loss of 11 cents. Earnings, adjusted for non-recurring costs, came to 3 cents per share. The satellite broadband communications company posted revenue of $92 million in the period. Gilat expects full-year revenue in the range of $415 million to $455 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on GILT at Sign in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
Gilat: Q1 Earnings Snapshot
PETAH TIKVA, Israel (AP) — PETAH TIKVA, Israel (AP) — Gilat Satellite Networks Ltd. (GILT) on Monday reported a loss of $6 million in its first quarter. On a per-share basis, the Petah Tikva, Israel-based company said it had a loss of 11 cents. Earnings, adjusted for non-recurring costs, came to 3 cents per share. The satellite broadband communications company posted revenue of $92 million in the period. Gilat expects full-year revenue in the range of $415 million to $455 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on GILT at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
15-04-2025
- Business
- Associated Press
Gilat Receives a Multimillion Order from a Global Defense Organization
PETAH TIKVA, Israel, April 15, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today its Defense Division received a Multimillion order from a Global Defense Organization for the supply of advanced antenna technology to be integrated into the organization's advanced defense communication systems. Deliveries are scheduled towards the end of 2025. Gilat's antenna solutions are designed to support secure and resilient connectivity under the most demanding conditions, helping defense organizations stay connected, anywhere, anytime. This win reflects Gilat's ongoing commitment to delivering high-performance solutions that meet the stringent requirements of defense applications worldwide. 'This order builds on our strong partnership, reflecting the trust earned through consistent performance and technological excellence,' said Gilad Landsberg, President of Gilat Defense. 'It highlights the value our partners place on our advanced defense communications and our ongoing commitment to their missions.' About Gilat Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world. Together with our wholly owned subsidiaries—Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu—we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a cloud-based platform and modems; high-performance satellite terminals; advanced Satellite On-the-Move (SOTM) antennas and ESAs; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services. Gilat's products and tailored solutions support multiple applications including government and defense, IFC and mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: Gilat Satellite Networks Hagay Katz, Chief Product and Marketing Officer [email protected] Alliance Advisors: [email protected] Phone: +1 212 838 3777
