Core Insights - Gilat Satellite Networks Ltd. (GILT) has secured $27 million in new orders for its advanced electronically steered antenna (ESA) terminal technology, with deliveries planned primarily over the next 12 months [1][11]. Company Performance - The Gilat Stellar Blu ESA terminal is gaining traction in the aviation industry due to its compact design, high performance, and multi-orbit capability, catering to the demand for seamless in-flight connectivity [2]. - In Q1 2025, Gilat reported adjusted earnings per share of 3 cents, down from 11 cents a year ago, while revenues reached $92 million, reflecting a 21% increase year over year, primarily driven by the Commercial segment and the acquisition of Stellar Blu [6][8]. - Commercial revenues accounted for 70% of net sales in Q1 2025, rising 56% year over year, largely due to the Stellar Blu acquisition, which contributed $25 million in revenues [8][11]. - The Defense segment also showed strong performance, with revenues increasing 34% year over year, supported by robust delivery volumes to defense customers in the United States and Asia [8]. Market Trends - The market for airborne connectivity solutions is experiencing robust growth, driven by strong investment across various sectors, indicating a rising global demand for advanced communication technologies [3][5]. - Gilat's Defense unit is benefiting from increased global investment in secure communication technologies, positioning the company to capitalize on geopolitical uncertainties and the need for enhanced communication infrastructure [7]. Future Outlook - Management projects 2025 revenues to be between $415 million and $455 million, with adjusted EBITDA expected to range from $47 million to $53 million [9]. - Despite the positive outlook, the company faces challenges from global macroeconomic uncertainty and changing international trade policies [9].