黑料网

STOCK TITAN

Gilat Receives Approximately $5 Million in Orders from US Defense Customers

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Gilat Satellite Networks (Nasdaq: GILT) has secured contracts worth approximately $5 million from multiple U.S. defense organizations. The company will provide advanced satellite communications (SATCOM) technologies and services to enhance mission-critical connectivity for defense applications. The deliverables include X, Ku, and Ka-band Block Upconverters (BUCs) for Communications-on-the-Move (COTM) systems, along with test and evaluation, repair, upgrades, engineering services, and field service. Delivery is expected within the coming months.

Gilat Satellite Networks (Nasdaq: GILT) ha ottenuto contratti del valore di circa 5 milioni di dollari da diverse organizzazioni della difesa statunitensi. L'azienda fornir脿 tecnologie e servizi avanzati di comunicazione satellitare (SATCOM) per migliorare la connettivit脿 cruciale per le applicazioni di difesa. Le forniture includono convertitori di blocco (BUC) a bande X, Ku e Ka per sistemi di Comunicazione in Movimento (COTM), insieme a servizi di test e valutazione, riparazione, aggiornamenti, servizi ingegneristici e assistenza sul campo. La consegna 猫 prevista nei prossimi mesi.

Gilat Satellite Networks (Nasdaq: GILT) ha logrado contratos por un valor de aproximadamente 5 millones de d贸lares de m煤ltiples organizaciones de defensa de EE. UU. La empresa proporcionar谩 tecnolog铆as y servicios avanzados de comunicaciones por sat茅lite (SATCOM) para mejorar la conectividad cr铆tica en aplicaciones de defensa. Las entregas incluyen convertidores de bloque (BUC) de bandas X, Ku y Ka para sistemas de Comunicaciones en Movimiento (COTM), junto con servicios de prueba y evaluaci贸n, reparaci贸n, actualizaciones, servicios de ingenier铆a y servicio de campo. Se espera que la entrega se realice en los pr贸ximos meses.

Gilat Satellite Networks (Nasdaq: GILT)電 鞐煬 氙戈淡 氚╈渼 旮瓣磤鞙茧攵韯 鞎 500毵 雼煬 攴滊鞚 瓿勳暯鞚 觳搓舶頄堨姷雼堧嫟. 鞚 須岇偓電 氚╈渼 鞚戩毄 頂勲攴鸽灗鞚 鞛勲 欷戩嫭 鞐瓣舶靹膘潉 頄レ儊鞁滍偆旮 鞙勴暣 觳嫧 鞙勳劚 韱奠嫚(SATCOM) 旮办垹 氚 靹滊箘鞀るゼ 鞝滉车頃╇媹雼. 鞝滉车 頀堧鞐愲姅 鞚措彊 韱奠嫚 鞁滌姢韰(Communications-on-the-Move, COTM)鞚 鞙勴暅 X, Ku, Ka 氚措摐 敫旊 鞐呾花氩勴劙(BUC)臧 韽暔霅橂┌, 韰岇姢韸 氚 韽夑皜, 靾橂Μ, 鞐呹犯霠堨澊霌, 鞐旍雼堨柎毵 靹滊箘鞀 氚 順勳灔 靹滊箘鞀る弰 韽暔霅╇媹雼. 氚办啞鞚 頄ロ泟 氇 雼 鞚措偞鞐 鞚措(鞏挫 瓴冹溂搿 鞓堨儊霅╇媹雼.

Gilat Satellite Networks (Nasdaq: GILT) a obtenu des contrats d'une valeur d'environ 5 millions de dollars de plusieurs organisations de d茅fense am茅ricaines. L'entreprise fournira des technologies et des services avanc茅s de communications par satellite (SATCOM) pour am茅liorer la connectivit茅 critique pour les applications de d茅fense. Les livrables comprennent des convertisseurs de fr茅quences (BUC) en bandes X, Ku et Ka pour les syst猫mes de Communications en Mouvement (COTM), ainsi que des services de test et d'茅valuation, de r茅paration, de mise 脿 niveau, de services d'ing茅nierie et de service sur le terrain. La livraison est attendue dans les mois 脿 venir.

Gilat Satellite Networks (Nasdaq: GILT) hat Vertr盲ge im Wert von etwa 5 Millionen Dollar von mehreren US-Verteidigungsorganisationen gesichert. Das Unternehmen wird fortschrittliche Satellitenkommunikations(SATCOM)-Technologien und -Dienstleistungen bereitstellen, um die mission-critical Konnektivit盲t f眉r Verteidigungsanwendungen zu verbessern. Zu den Lieferungen geh枚ren X-, Ku- und Ka-Band Block Upconverter (BUC) f眉r Communications-on-the-Move (COTM)-Systeme sowie Test- und Evaluierungsdienste, Reparaturen, Upgrades, Ingenieurdienstleistungen und Au脽endienst. Die Lieferung wird in den kommenden Monaten erwartet.

Positive
  • Secured new defense contracts worth $5 million
  • Orders expected to be delivered within months, indicating near-term revenue
Negative
  • None.

Insights

This $5 million defense contract win represents a strategic advancement in Gilat's military market position. The multi-band BUC orders (X, Ku and Ka-band) for COTM systems demonstrate the company's technological versatility in mission-critical defense communications. The comprehensive service package, including testing and field support, indicates a long-term revenue opportunity beyond the initial hardware sales.

The timing is particularly relevant given the increasing global demand for secure, mobile military communications. While the $5 million contract value is relatively modest compared to Gilat's overall revenue, the strategic importance lies in strengthening relationships with U.S. defense customers, potentially leading to larger future contracts. The delivery timeline within "coming months" suggests near-term revenue recognition, positively impacting cash flow.

Gilat鈥檚 Strategic Focus on Defense Strengthened by Recent Wins for Advanced Mission Critical SATCOM Solutions

PETAH TIKVA, Isreal, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that it has been awarded contracts valued at approximately $5 million from multiple U.S. based defense organizations. These orders are for Gilat鈥檚 cutting-edge satellite communications (SATCOM) technologies and comprehensive services, set to enhance mission-critical connectivity and operational capabilities for defense applications worldwide. The orders are expected to be delivered within the coming months.

The equipment and services provided will ensure reliable, high-performance communication in a variety of challenging environments. Gilat will supply X, Ku, and Ka-band Block Upconverters (BUCs) for Communications-on-the-Move (COTM) systems, along with test and evaluation, repair, upgrades and engineering services, and field service.

鈥淲e are honored to support U.S. defense organizations with our cutting-edge SATCOM technology and full suite of essential services that meet the stringent requirements of mission-critical defense operations,鈥 said Nicole Robinson, President of DataPath. 鈥淭hese orders reflect the confidence our defense customers place in our comprehensive approach to SATCOM connectivity, ensuring they remain connected in even the most challenging environments.鈥

About Gilat

Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we create and deliver deep technology solutions for satellite, ground, and new space connectivity and provide comprehensive, secure end-to-end solutions and services for mission-critical operations, powered by our innovative technology. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

Our portfolio includes a diverse offering to deliver high-value solutions for multiple orbit constellations with very high throughput satellites (VHTS) and software-defined satellites (SDS). Our offering is comprised of a cloud-based platform and high-performance satellite terminals; high-performance Satellite On-the-Move (SOTM) antennas; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense, field services, network management software, and cybersecurity services.

Gilat鈥檚 comprehensive offering supports multiple applications with a full portfolio of products and tailored solutions to address key applications including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit:

Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words 鈥渆stimate鈥, 鈥減roject鈥, 鈥渋ntend鈥, 鈥渆xpect鈥, 鈥渂elieve鈥 and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat鈥檚 products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat鈥檚 products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company鈥檚 proprietary technology and risks associated with Gilat鈥檚 international operations and its location in Israel, including those related to the current terrorist attacks by Hamas, and the war and hostilities between Israel and Hamas and Israel and Hezbollah. For additional information regarding these and other risks and uncertainties associated with Gilat鈥檚 business, reference is made to Gilat鈥檚 reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

Contact:

Gilat Satellite Networks
Hagay Katz, Chief Products and Marketing Officer


FAQ

What is the value of Gilat's recent defense contracts?

Gilat received contracts valued at approximately $5 million from multiple U.S. defense organizations.

What products will Gilat (GILT) deliver under the new defense contracts?

Gilat will deliver X, Ku, and Ka-band Block Upconverters (BUCs) for Communications-on-the-Move systems, along with testing, repair, upgrade services, and field support.

When will Gilat (GILT) deliver the defense contract orders?

The orders are expected to be delivered within the coming months from October 2024.

Gilat Satellite Networks Ltd

NASDAQ:GILT

GILT Rankings

GILT Latest News

GILT Stock Data

367.76M
57.02M
31.69%
0.13%
Communication Equipment
Technology
United States of America
Petah Tikva