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Gilat Satellite Networks Ltd. (GILT) Lands New Defense and Aviation Orders
Yahoo Finance· 2026-03-26 14:42
Core Insights - Gilat Satellite Networks Ltd. (NASDAQ:GILT) is currently viewed as a stock to sell by Cathie Wood, with ARK Investment reducing its stake by 40% from Q3 2025 to Q4 2025 [1][7] Group 1: Financial Performance and Stake Changes - By Q3 2025, ARK Investment held 246,235 shares of Gilat valued at $3.2 million, which decreased to 148,721 shares worth $1.9 million by the end of Q4 2025 [1] Group 2: Recent Contracts and Orders - Gilat's unit, Gilat DataPath, secured a $6 million contract with the US Army, which will support field and technical services over the next six months [3][4] - The $6 million order is part of a multiyear engagement under the GTACS II contract vehicle with the U.S. Army's Program Executive Office for Command, Control, and Communications Networks (PEO C3N) [4] - On March 4, Gilat received a multi-million-dollar order for AeroStream Ka Band wideband amplifiers aimed at enhancing commercial aviation connectivity, with deliveries scheduled over the next 24 months [5] Group 3: Company Overview - Gilat Satellite Networks Ltd. is a global leader in satellite-based broadband communications, focusing on designing and manufacturing ground segment equipment, satellite terminals, and network management software [6] - The company specializes in end-to-end connectivity solutions for various applications, including commercial, defense, and government sectors [6]