Gilat Receives Over $18 Million in Orders for its In-Flight Connectivity Solutions
Gilat Satellite Networks (NASDAQ, TASE: GILT) has secured over $18 million in orders for In-Flight Connectivity (IFC) solutions. The orders primarily comprise Gilat SkyEdge platforms, related services, and SSPAs, with delivery scheduled within the next 12 months. The company's flexible architecture enables reliable satellite connectivity, supporting IFC network expansion. These orders demonstrate market confidence in Gilat's advanced technology and solutions for addressing unique challenges in IFC services.
Gilat Satellite Networks (NASDAQ, TASE: GILT) ha ottenuto oltre 18 milioni di dollari in ordini per soluzioni di Connettivit脿 in Volo (IFC). Gli ordini comprendono principalmente piattaforme Gilat SkyEdge, servizi correlati e SSPAs, con consegne programmate entro i prossimi 12 mesi. L鈥檃rchitettura flessibile dell'azienda consente una connettivit脿 satellitare affidabile, supportando l'espansione della rete IFC. Questi ordini dimostrano la fiducia del mercato nella tecnologia avanzata di Gilat e nelle sue soluzioni per affrontare sfide uniche nei servizi IFC.
Gilat Satellite Networks (NASDAQ, TASE: GILT) ha asegurado m谩s de 18 millones de d贸lares en pedidos para soluciones de Conectividad en Vuelo (IFC). Los pedidos consisten principalmente en plataformas Gilat SkyEdge, servicios relacionados y SSPAs, con entrega programada dentro de los pr贸ximos 12 meses. La arquitectura flexible de la empresa permite una conectividad satelital confiable, apoyando la expansi贸n de la red IFC. Estos pedidos demuestran la confianza del mercado en la tecnolog铆a avanzada de Gilat y sus soluciones para abordar desaf铆os 煤nicos en los servicios IFC.
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Gilat Satellite Networks (NASDAQ, TASE: GILT) a s茅curis茅 plus de 18 millions de dollars de commandes pour des solutions de connectivit茅 en vol (IFC). Les commandes comprennent principalement des plateformes Gilat SkyEdge, des services associ茅s et des SSPAs, avec une livraison pr茅vue dans les 12 prochains mois. L'architecture flexible de l'entreprise permet une connectivit茅 satellitaire fiable, soutenant l'expansion du r茅seau IFC. Ces commandes t茅moignent de la confiance du march茅 dans la technologie avanc茅e de Gilat et dans ses solutions pour relever des d茅fis uniques dans les services IFC.
Gilat Satellite Networks (NASDAQ, TASE: GILT) hat 眉ber 18 Millionen Dollar an Auftr盲gen f眉r In-Flight Connectivity (IFC) L枚sungen gesichert. Die Auftr盲ge bestehen haupts盲chlich aus Gilat SkyEdge-Plattformen, zugeh枚rigen Dienstleistungen und SSPAs, mit einer Lieferung, die innerhalb der n盲chsten 12 Monate geplant ist. Die flexible Architektur des Unternehmens erm枚glicht eine zuverl盲ssige Satellitenkonnektivit盲t und unterst眉tzt die Erweiterung des IFC-Netzwerks. Diese Auftr盲ge zeigen das Vertrauen des Marktes in die fortschrittliche Technologie und die L枚sungen von Gilat zur Bew盲ltigung einzigartiger Herausforderungen im IFC-Service.
- Secured new orders worth over $18 million
- Delivery scheduled within next 12 months, indicating strong near-term revenue visibility
- Strategic expansion in the growing IFC market
- None.
Insights
The
The 12-month delivery timeline suggests robust supply chain management and manufacturing capabilities, critical for maintaining market share in the satellite communications sector. Notably, the SkyEdge platform's flexible architecture positions Gilat advantageously as airlines increasingly demand scalable solutions to handle growing bandwidth requirements. For context, the IFC market is projected to grow at a CAGR of
The technical specifications of Gilat's solutions, particularly their scalable architecture, address a critical pain point in the aviation industry - the need for reliable, high-bandwidth satellite connectivity that can adapt to varying passenger loads and flight routes. This technology differentiation is important for maintaining pricing power and margins in a competitive market.
This
The order's focus on both hardware (SkyEdge platforms, SSPAs) and services indicates a healthy mix of immediate revenue recognition and potential recurring revenue streams. This diversification in revenue sources enhances earnings visibility and could positively impact valuation multiples. The strategic nature of these IFC solutions typically commands higher margins compared to standard satellite equipment, potentially contributing to improved profitability metrics in upcoming quarters.
These orders further solidify Gilat鈥檚 position in the IFC market and positions it as a single source provider for a wide range of IFC technologies and services
PETAH TIKVA, Israel, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company has secured over
These orders highlight the confidence in Gilat鈥檚 advanced technology and solutions to address the unique challenges and opportunities in IFC services. Gilat鈥檚 flexible architecture enables reliable satellite connectivity, supporting the rapid expansion of IFC networks.
"These orders reflect the growing demand for advanced connectivity solutions for the IFC market, which is a strategic market for us," said Amir Yafe, VP of Mobility & Global Accounts at Gilat. "Gilat鈥檚 technology is designed to equip service providers with the scalability and performance needed to meet this demand head-on."
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 war and hostilities between Israel and Hamas and the general instability in the region. 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 new IFC orders announced in December 2024?
What products are included in Gilat's $18 million IFC orders?
When will Gilat (GILT) deliver the new IFC orders?
How will these orders impact Gilat's (GILT) position in the IFC market?
