Gilat Satellite Networks Ltd. (GILT) has announced that it has secured orders worth more than $3 million from prominent service providers. These orders are for Gilat’s state-of-the-art Gateway Solid State Power Amplifiers (SSPAs), designed to support Low Earth Orbit (LEO) satellite constellations. Deliveries are scheduled to be completed within the next 12 months. Following the announcement, shares were up 2.3% in the last trading, closing the session at $6.43.Known for their high efficiency, reliability an ...

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]

Gilat’s SkyEdge IV and SkyEdge II-c Platforms are used to deliver the widest range of connectivity applicationsPETAH TIKVA, Israel, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company has received $9 million in orders from major satellite operators. The orders are for its advanced satellite communications platforms, SkyEdge IV and SkyEdge II-c equipment and servi ...

Company Overview - Gilat Satellite Networks Ltd is a global leader in satellite networking technology, solutions, and services with over 35 years of experience [6] - The company provides comprehensive, secure end-to-end solutions and services for mission-critical operations, powered by innovative technology [6] - Gilat's portfolio includes high-value solutions for multiple orbit constellations with very high throughput satellites (VHTS) and software-defined satellites (SDS) [5] - The company offers a cloud-based platform, high-performance satellite terminals, Satellite On-the-Move (SOTM) antennas, Solid State Power Amplifiers (SSPA), Block Upconverters (BUC), and integrated ground systems for commercial and defense applications [5] Recent Developments - Gilat has secured over $18 million in orders for IFC solutions, mainly for SkyEdge platforms, related services, and SSPAs, with delivery scheduled within the next 12 months [2] - These orders reflect the growing demand for advanced connectivity solutions in the IFC market, which is a strategic market for the company [4] - Gilat's technology is designed to equip service providers with the scalability and performance needed to meet the increasing demand for IFC services [4][10] Product and Service Offerings - Gilat's comprehensive offering supports multiple applications, including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure clients [4] - The company provides a full portfolio of products and tailored solutions to address key applications while meeting stringent service level requirements [4] - Gilat's flexible architecture enables reliable satellite connectivity, supporting the rapid expansion of IFC networks [10] Market Position and Strategy - Gilat is a leading global provider of satellite-based broadband communications, creating and delivering deep technology solutions for satellite, ground, and new space connectivity [6] - The company believes in the right of all people to be connected and is committed to providing communication solutions to all reaches of the world [6] - Gilat's advanced technology and solutions address the unique challenges and opportunities in IFC services, highlighting the confidence in the company's capabilities [10]

Satellite and Communication industry players have gained healthy momentum over the past few years, driven by increasing commercial space exploration and Earth observation. With the advent of 5G, the expansion of IoT and reliance on real-time data, satellite technologies are playing a crucial role in providing connectivity to remote locations and supporting global communications networks. As the satellite industry evolves, stocks like Gilat Satellite Networks (GILT) , Globalstar (GSAT) and Iridium Communicat ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks i ...