Core 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 $49.1 million, accounting for 62.8% of total net sales, a decrease from $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].

Core Insights - Gilat Satellite Networks Ltd. has established a new Defense Division to address the growing demand for government and defense SATCOM solutions [1][2] - The division will focus on providing secure, rapid-deployment SATCOM solutions for military and homeland security organizations, emphasizing support for the U.S. Department of Defense and allied forces [2][4] - Gilat Defense will showcase its advanced SATCOM solutions at the Satellite 2025 show in Washington, D.C., including the GLT 1500 terminal and the DataPath 2.6m antenna solution [3][4] Company Overview - Gilat Satellite Networks is a leading global provider of satellite-based broadband communications with over 35 years of experience [5] - The company offers a comprehensive portfolio that includes high-performance satellite terminals, advanced antennas, and integrated ground systems for both commercial and defense markets [6] - Gilat's products support various applications, including government and defense, broadband access, and critical infrastructure [7]

Core Viewpoint - Gilat Satellite Networks Ltd. has established a new Defense Division to address the growing demand for government and defense SATCOM solutions, led by Gilad Landsberg, who has over 20 years of experience in the defense industry [1][2][4]. Group 1: Company Overview - Gilat Satellite Networks Ltd. is a global leader in satellite-based broadband communications with over 35 years of experience [5]. - The company develops and delivers technology solutions for satellite, ground, and new space connectivity, focusing on both commercial and defense applications [5][6]. - Gilat's integrated solutions support multi-orbit constellations and Very High Throughput Satellites (VHTS) [6]. Group 2: Defense Division Details - The newly formed Defense Division provides secure, rapid-deployment SATCOM solutions tailored for military, homeland security organizations, and government agencies [2]. - The division combines expertise and technologies from Gilat and its subsidiaries, ensuring maximum operational availability through multiple layers of communication redundancy [2]. - Gilat Defense's solutions are trusted by the U.S. Department of Defense, NATO, and global defense forces, offering reliable connectivity in challenging environments [2]. Group 3: Product Offerings - Gilat Defense will showcase its solutions at the Satellite 2025 show, including the GLT 1500 terminal and DataPath 2.6m antenna solution [3]. - The Aquarius DS Family of products, compliant with FAR 889 and future DFAR 5949 regulations, will also be featured [3]. - The division emphasizes innovation and flexible business models to adapt to evolving defense requirements [2][4].

Gilat Satellite Networks Ltd. (NASDAQ:GILT) Q4 2024 Earnings Conference Call February 12, 2025 9:30 AM ET Company Participants Mayrav Sher - Head of Finance and IR Adi Sfadia - CEO Gil Benyamini - CFO Conference Call Participants Sergey Gleimyamov - Freedom Brokers Louie DiPalma - William Blair Ryan Koontz - Needham & Company Chris Quilty - Quilty Space Gunther Karger - Discovery Group Operator Ladies and gentlemen, thank you for standing by. Welcome to Gilat's Fourth Quarter 2024 Results Conference Call. [ ...

Core Viewpoint - Gilat Satellite Networks Ltd. is conducting its Q4 2024 earnings conference call, indicating a focus on financial performance and future outlook [1][3]. Group 1: Company Overview - The conference call is hosted by key company executives, including the Head of Finance and IR, CEO, and CFO, highlighting the importance of leadership in communicating financial results [1][2]. - The earnings press release is available on the company's website, emphasizing transparency and accessibility of financial information to stakeholders [3]. Group 2: Financial Communication - The call includes a formal presentation followed by a Q&A session, which is a standard practice for engaging with investors and analysts [1]. - A recording of the call will be available for 30 days, allowing for continued access to the information shared during the conference [3].

Q4 Revenue of $78.1 million, GAAP Operating Income of $12.8 million and Adjusted EBITDA of $12.1 million 2024 Revenue of $305.4 million, GAAP Operating Income of $27.7 million and a 25-year Record Adjusted EBITDA of $42.2 million Expects 2025 Revenues to increase by 36%-50% Announces New Reporting Segments PETAH TIKVA, Israel, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today report ...

Gilat Satellite Networks Ltd. (GILT) is scheduled to report fourth-quarter 2024 results on Feb. 12.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for fourth-quarter earnings per share (EPS) has been steady at 14 cents in the past 60 days, suggesting growth of 27.3% from the year-ago quarter’s figure. The consensus mark for revenues is pegged at $83.7 million, indicating a rise of 10.7% from the year-earlier quarter’s actuals. In the last reported quarte ...

Gilat Satellite Networks Ltd. (GILT) recently announced that its wholly owned U.S.-based subsidiary, Gilat DataPath, has secured $4 million in contracts from global defense clients. The orders include the CCT200, CCT120 and QCT90 portable satellite terminals, which will be delivered over the next year.The advanced antenna technology in the CCT200, CCT120 and QCT90 ensures high-speed and reliable connectivity, even in difficult operational conditions. Increasing exposure and rising demand for Gilat DataPath’ ...

Core Insights - Gilat Satellite Networks Ltd. has secured $4 million contracts for portable satellite terminals from global defense customers, with deliveries expected over the next 12 months [1][3][4] Company Overview - Gilat Satellite Networks Ltd. is a leading provider of satellite-based broadband communications with over 35 years of experience, offering deep technology solutions for satellite and ground connectivity [5][6] - The company’s portfolio includes high-performance satellite terminals, antennas, and integrated ground systems for both commercial and defense applications [6][7] Product Details - The awarded contracts include the CCT200, CCT120, and QCT90 portable terminals, known for their robust performance and rugged design, capable of withstanding harsh environmental conditions [2][3] - These terminals are designed to meet the MIL-STD-810G standard, ensuring reliability and high-speed connectivity in challenging operational environments [2][3] Market Position - The follow-on orders reflect the continued trust and satisfaction of defense organizations worldwide in Gilat DataPath's solutions, reinforcing the company's position as a trusted partner in mission-critical communications [3][4]

Contracts and Revenue Growth - Gilat Satellite Networks' subsidiary, Gilat DataPath, secured contracts exceeding $5 million from the US Department of Defense and international defense forces, involving DKET terminals and Field Service Representative support [1] - Gilat's revenues increased 17% year over year to $74.6 million in the last reported quarter, driven by acquisitions and strong demand for defense and in-flight connectivity solutions [5] - Gilat received $3 million in orders for Gateway Solid State Power Amplifiers (SSPAs) and $9 million in orders for SkyEdge IV and SkyEdge II-c communication platforms [6] Defense Sector and Market Position - Gilat DataPath is recognized as a trusted partner for defense organizations, providing reliable, high-quality support for mission-critical systems [2] - The company's equipment is effectively deployed and maintained on-site, ensuring reliable communication for national and international defense organizations [3] - Gilat's strength in the defense sector is bolstered by growing demand for defense SATCOM solutions due to NGSO expansion and geopolitical events [4] Acquisitions and Future Prospects - Gilat completed the acquisition of Stellar Blu Solutions, a premium provider of advanced SATCOM terminal solutions, expected to generate $120-$150 million in revenues in 2025 [7] - Stellar Blu's EBITDA margin is projected to exceed 10% once it reaches full manufacturing capacity in late 2025 [7] Stock Performance and Industry Comparison - Gilat's stock price surged 49.1% in the past six months, outperforming the industry's growth of 29.7% [8] - Other technology stocks like Ubiquiti Inc, InterDigital Inc, and Intrusion Inc have shown strong performance, with Ubiquiti's shares surging 143.3% in the past six months [9][10][11][12]