Gilat Expands Global SATCOM Network with $12 Million Order
![Gilat Expands Global SATCOM Network with $12 Million Order](https://investorshangout.com/images/blog/ihnews-Gilat%20Expands%20Global%20SATCOM%20Network%20with%20%2412%20Million%20Order.jpg)
Gilat Satellite Networks Secures Major Orders for SkyEdge Platforms
In a significant development, Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a frontrunner in satellite networking technology and services, has been awarded over $12 million in orders from a prominent satellite operator. This strategic partnership aims to enhance the operator’s global SATCOM network by incorporating Gilat's innovative SkyEdge Family of VSAT Platforms. The implementation of this deal is expected within a year.
Significance of the Order
This order marks a vital expansion for the satellite operator, opening avenues for substantial future revenues. The adoption of Gilat’s flexible networking architecture promises to deliver uninterrupted and robust communications across various satellite assets in orbit.
CEO's Insight on the Collaboration
Hagay Katz, Chief Product and Marketing Officer at Gilat, expressed enthusiasm about extending their collaboration with this key client. He emphasized the company’s commitment to advancing satellite communications technology, highlighting the trust that clients have in Gilat’s solutions. Katz stated, “Our continuous innovation enhances the capabilities of our leading SkyEdge platforms, ensuring satellite operators receive the functionality and scalability essential for their operations.”
About Gilat Satellite Networks
Gilat Satellite Networks, recognized as a global leader in satellite-based broadband communications, has over 35 years of experience providing technology solutions that span satellite, ground systems, and new space connectivity. Their mission revolves around ensuring that communication is accessible to all corners of the world through secure and comprehensive end-to-end services.
Technology and Solutions Offered
Gilat's extensive product portfolio caters to various orbit constellations with high-throughput satellites (VHTS) and software-defined satellites (SDS). This includes a cloud-based platform, high-performance satellite terminals, and Satellite On-the-Move (SOTM) antennas, along with essential components like Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC).
Applications and Market Reach
The company’s offerings are tailored to meet a diverse range of applications, including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, and critical infrastructure. Gilat remains dedicated to fulfilling the stringent service demands of its clients across various sectors while maintaining its reputation for excellence and innovation.
Contact Information
For further inquiries, you can reach out to:
Gilat Satellite Networks
Hagay Katz, Chief Products and Marketing Officer
hagayk@gilat.com
EK Global IR
Ehud Helft, Managing Partner
ehud@ekgir.com
Frequently Asked Questions
What is the main goal of the recent Gilat orders?
The primary goal is to enhance the satellite operator's capabilities in their global SATCOM network using Gilat's advanced technology.
How much revenue are the orders from Gilat expected to generate?
The orders amount to over $12 million, indicating significant future revenue potential for the operator.
What makes Gilat's SkyEdge platforms unique?
The SkyEdge platforms are designed to ensure robust, flexible, and seamless satellite communications across a range of orbital assets.
Which markets does Gilat serve?
Gilat serves diverse markets including broadband access, enterprise, defense, government, broadcast, and critical infrastructure.
How can I get in touch with Gilat for business inquiries?
Interested parties can contact Hagay Katz at hagayk@gilat.com for inquiries related to Gilat's offerings.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- PCB Financial Expands Deadline for Election Form Submissions
- P2P Group Strengthens Leadership with Expert Advisory Board
- Freight Technologies Shows Growth with Notable Product Advancements
- Revolutionizing Talent Acquisition with AI-Driven Solutions
- StealthGas Inc. Achieves Record Q2 2024 Results with Growth
- Elevate Your Skincare with HA Intensifier Multi-Glycan
- EisnerAmper Expands by Welcoming Tighe, Kress & Orr Partners
- US Signal Expands Leadership Team with New Executive Appointments
- Analyst Forecasts Indicate Potential Gains for S&P Global
- Volato Soars with Strategic Management Deal and Expansion
Recent Articles
- Insider Sales Insights: Nvidia, Western Digital and Others
- Discover AutoZone's Recent Power Inflow Impact on Stocks
- Navigating Market Volatility: Insights on U.S. and India Stocks
- Insights from CNBC's 'Final Trades' Featuring Major Stocks
- Top Oversold Consumer Staples Stocks Worth Considering Now
- Nvidia Stock Faces Challenges Amid Market Volatility
- Top Financial Stocks to Consider for High Dividend Returns
- Verizon's Bold Move: Acquiring Frontier for Growth
- Understanding Enovix's Short Interest Trends and Insights
- Understanding Short Interest Trends for Healthpeak Properties
- Insights into Equinix's Short Interest Trends and Implications
- PCB Financial Expands Deadline for Election Form Submissions
- P2P Group Strengthens Leadership with Expert Advisory Board
- StealthGas Inc. Achieves Record Results in Latest Financials
- Northrop Grumman's Upcoming Presence at Morgan Stanley Event
- Freight Technologies Shows Growth with Notable Product Advancements
- Exploring XHANCE's Impact on Chronic Sinus Issues
- Transforming Compliance: Zanko ComplianceAssist by Spring Labs
- Insights on AUGA Group's Financial Performance for 2024
- ChannelEngine Empowers Brands to Recover Lost Amazon Revenue
- Rivian CEO to Speak at Key Finance Conference
- Discover the Revolutionary Volumizing Tinted Brow Gel from ABH
- Shell plc Launches Comprehensive Exchange Offers for USD Notes
- Revolutionizing Talent Acquisition with AI-Driven Solutions
- Clip Money Inc. Welcomes New Leadership to its Board
- ILGM Unveils Exclusive Seed Collection in Collaboration
- StealthGas Inc. Achieves Record Q2 2024 Results with Growth
- Angel Kids AI Raises $1.1M in Continued Seed Financing
- Innovations for Women's Health: A Coalition for Change
- Republic Services Earns Eighth Year of Great Workplace Honor
- Elevate Your Skincare with HA Intensifier Multi-Glycan
- First Connect and Root Enhance Insurance Agent Experience
- Actuate Therapeutics to Showcase Innovations at Key Conference
- Kait Dinunzio Joins Pyxis Advisory Group as Managing Director
- Blenders Eyewear Unveils Special Sunglasses for SDSU Players
- BDHEA Secures $1.5M Grant to Enhance Health Equity Efforts
- HanaByte's New Role as a Trusted Cloud Consultant
- New Research Highlights Improved Chemotherapy Tolerability
- Phagenesis Welcomes Chad Hoskins as New CEO to Drive Growth
- NetDiligence Launches Innovative Career Pathways Initiative
- EisnerAmper Expands by Welcoming Tighe, Kress & Orr Partners
- BNY's Acquisition of Archer Enhances Wealth Management Services
- US Signal Expands Leadership Team with New Executive Appointments
- S&P 500 Futures Recover Slightly Amid Jobless Claims Report
- Nordstrom's Strategic Shift: Exploring New Horizons
- Tadawul All Share Index Sees Slight Decline Amid Mixed Trades
- Disney Data Leak: Insights into Financial Strategies and Risks
- Blackstone Secures A$5.5 Billion Loan for AirTrunk Purchase
- US Labor Market Data Influences Stock Market Trends
- Analyst Forecasts Indicate Potential Gains for S&P Global