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Gilat Announces an Oversubscribed Private Placement of US$ 100 Million to Institutional and Accredited Investors
Globenewswire· 2025-12-16 12:22
Core Points - Gilat Satellite Networks Ltd. has announced a private placement of Ordinary Shares to Israeli institutional and accredited investors, following the approval of its Board of Directors [1][2] - The company plans to issue 8,888,889 Ordinary Shares at a price of US$11.25 per Share, reflecting a 7.9% discount to the 10-day Volume Weighted Average Price [2] - The newly issued Shares will represent approximately 12.15% of the company's total issued and outstanding Ordinary Shares post-transaction [2] - The expected net proceeds from the sale are approximately US$98.8 million, which will be used for general corporate purposes, including potential strategic acquisitions [3] Company Overview - Gilat Satellite Networks Ltd. is a leading global provider of satellite-based broadband communications, with over 35 years of experience in the industry [7] - The company offers a range of integrated solutions supporting multi-orbit constellations and Very High Throughput Satellites (VHTS) through its Commercial and Defense Divisions [8] - Gilat's product portfolio includes cloud-based platforms, high-performance satellite terminals, and advanced antennas, catering to various applications such as government, defense, broadband access, and critical infrastructure [9][10]
Gilat Receives $42 Million in Orders from a leading Satellite Operator for its Multi-Orbit SkyEdge IV Platform
Globenewswire· 2025-10-15 11:09
Core Insights - Gilat Satellite Networks Ltd. has received $42 million in orders for its SkyEdge IV platform from a leading satellite operator, with delivery scheduled over the next 12 months [1][2][3] - The SkyEdge IV platform is designed to support various applications, including In-Flight Connectivity (IFC), maritime mobility, enterprise broadband, and cellular backhaul, driven by the increasing demand for seamless, high-speed broadband [3][4] - The growing adoption of free Wi-Fi on commercial flights is significantly contributing to global investments in satellite infrastructure [3][4] Company Overview - Gilat Satellite Networks is a global leader in satellite-based broadband communications, with over 35 years of experience in developing technology solutions for satellite and ground connectivity [4][5] - The company offers a comprehensive portfolio that includes cloud-based platforms, high-performance satellite terminals, and advanced antennas, catering to both commercial and defense markets [5][6] - Gilat's products support multiple applications, including government and defense, broadband access, and critical infrastructure, while adhering to stringent service level requirements [6]
Gilat Receives Over $7 Million Orders to Supply Transportable SATCOM Terminals to the U.S. Army
Globenewswire· 2025-09-30 11:06
Core Insights - Gilat Satellite Networks Ltd. has received orders exceeding $7 million to supply Transportable SATCOM Terminals to the U.S. Army, indicating strong demand for its DKET technology [1][3] - The DKET 3421 terminal is designed for high-throughput, resilient connectivity, showcasing its capability to meet the rigorous requirements of defense operations [2][4] Company Overview - Gilat Satellite Networks is a leading provider of satellite-based broadband communications with over 35 years of experience, focusing on critical connectivity solutions for both commercial and defense applications [3][4] - The company offers a comprehensive portfolio that includes cloud-based platforms, high-performance satellite terminals, and advanced antennas, catering to various sectors such as government, defense, and critical infrastructure [4][5] Product Features - The DKET 3421 terminal features multi-carrier capability and a scalable modem architecture of up to 32 modems, making it suitable for dynamic environments and forward-deployed forces [2] - The product is recognized for its combat-proven reliability and has been integrated into mission-critical communications for the U.S. Army [3]
Gilat Receives More Than $7 Million Order to Provide the U.S. DoD with Transportable SATCOM Terminals
Globenewswire· 2025-09-03 11:05
Core Insights - Gilat Satellite Networks Ltd. has been awarded a contract to provide Transportable SATCOM Terminals to the U.S. Department of Defense, valued at over $7 million, with deliveries expected by the end of 2025 [1][2][3] Company Overview - Gilat Satellite Networks Ltd. is a leading global provider of satellite-based broadband communications, with over 35 years of experience in developing technology solutions for satellite, ground, and new space connectivity [3][4] - The company offers a comprehensive portfolio that includes cloud-based platforms, high-performance satellite terminals, and integrated ground systems for both commercial and defense markets [4][5] Product Details - The DKET 3421 terminal is a rugged, field-proven solution that supports multi-carrier operations with a scalable modem architecture of up to 32 modems, catering to the growing demand for transportable SATCOM solutions [2][3] - Gilat's products support various applications, including government and defense, broadband access, cellular backhaul, and critical infrastructure, while meeting stringent service level requirements [5]
Gilat to Present at the 28th Annual Oppenheimer Technology, Internet & Communications Virtual Conference on Monday, August 11
Globenewswire· 2025-07-31 11:02
Company Overview - Gilat Satellite Networks Ltd. is a leading global provider of satellite-based broadband communications with over 35 years of experience [3] - The company develops and delivers technology solutions for satellite, ground, and new space connectivity, focusing on critical connectivity across commercial and defense applications [3] Product and Service Offerings - Gilat offers integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) [4] - The product portfolio includes cloud-based platforms, high-performance satellite terminals, advanced Satellite On-the-Move (SOTM) antennas, Solid State Power Amplifiers (SSPA), Block Upconverters (BUC), and integrated ground systems for various markets [4][5] - Solutions cater to multiple applications such as government and defense, broadband access, cellular backhaul, enterprise, aerospace, and critical infrastructure [5] Upcoming Events - The company will present at the 28th Annual Oppenheimer Technology, Internet & Communications Virtual Conference on August 11, 2025, at 9:55 am Eastern Time [1][2] - CEO Adi Sfadia will be available for one-on-one meetings with investors on August 11 and 12, 2025 [2]
Gilat Awarded Over $8 Million from Israel's Ministry of Defense for Strategic Defense Communication Solutions
Globenewswire· 2025-07-29 11:04
Core Insights - Gilat Satellite Networks Ltd. has secured a contract worth over $8 million from Israel's Ministry of Defense for satellite communication systems and services, with deliveries expected within the next 12 months [1][2]. Company Overview - Gilat Satellite Networks is a leading global provider of satellite-based broadband communications, with over 35 years of experience in developing technology solutions for satellite, ground, and new space connectivity [3][4]. - The company offers a comprehensive portfolio that includes cloud-based platforms, high-performance satellite terminals, and advanced antennas, catering to both commercial and defense markets [4][5]. Defense Division Focus - The contract awarded to Gilat Defense emphasizes the strategic importance of the Israeli defense market for the company, showcasing its unified defense offering that integrates capabilities from Gilat, Gilat Wavestream, and Gilat DataPath [2][3]. - The advanced SATCOM systems provided under this contract are designed for operation in harsh environments, addressing a wide range of military communication needs [2].
Gilat Secures $27 Million for Gilat's Stellar Blu Portfolio
Globenewswire· 2025-06-10 11:04
Core Insights - Gilat Satellite Networks Ltd. has secured $27 million for its Stellar Blu ESA Terminal technology, with deliveries expected over the next 12 months [1][2][4] - The company's ESA terminal technology is gaining traction in the aviation market, addressing the increasing connectivity demands of commercial, business, and defense airborne platforms [2][3] - The airborne communications market is experiencing strong momentum, supported by sustained investment across all sectors, indicating a continued demand for innovative connectivity solutions [3][4] Company Overview - Gilat Satellite Networks Ltd. is a leading global provider of satellite-based broadband communications, with over 35 years of experience in developing technology solutions for satellite and ground connectivity [4][5] - The company offers a comprehensive portfolio that includes high-performance satellite terminals, cloud-based platforms, and integrated ground systems for both commercial and defense markets [5][6] - Gilat's products support various applications, including government and defense, broadband access, and critical infrastructure, while meeting stringent service level requirements [6]