Gilat Satellite Networks Ltd.

Gilat Secures Over $8 Million in Additional Orders from the U.S. Department of War

Gilat DataPath, a Gilat Satellite Networks subsidiary, received more than $8 million in orders from the U.S. Department of War for field services and SATCOM system upgrades supporting deployed military communications. Deliveries are expected over the next 12 months, extending Gilat Defense's footprint across U.S. defense programs. The orders signal recurring demand for Gilat's defense services and upgrade capabilities but are incremental in size relative to the company's overall business.

•1mo ago

Gilat Secures Over $10 Million in Additional SkyEdge IV Orders from a Leading Satellite Operator

Gilat secured over $10 million in additional SkyEdge IV orders from a leading satellite operator. Systems are scheduled for delivery over the next 12 months, supporting high-capacity satellite networks including In-Flight Connectivity applications. The orders reinforce continued adoption of the multi-orbit SkyEdge IV platform among major satellite operators.

•1mo ago

Gilat Awarded $28 Million Contract to Expand Connectivity in Peru

Gilat Satellite Networks won a $28 million contract from Peru's Pronatel to upgrade broadband connectivity across the Ica region, its fifth regional project in Peru since 2025. Construction is expected to complete by mid-2027, followed by a seven-year operational phase covering 116 public institutions with 20x faster internet and free Wi-Fi in 30 public squares. The award reinforces Gilat Perú's recurring-revenue position in large-scale government network deployments, though the contract is modest relative to the company's global business.

•1mo ago

Gilat Awarded Over $32 Million for Multi-Band DKET Systems Supporting U.S. Defense Network Resilience

Gilat DataPath, a wholly owned subsidiary of Gilat Satellite Networks (NASDAQ: GILT, TASE: GILT), received an order valued at more than $32 million from the U.S. Department of War for multi-band DKET systems. Deliveries are expected over the next 12 months, with the transportable platforms operating across Ku, Ka and X-band networks to maintain continuity of operations and restore high-capacity communications in dynamic environments. The award expands a long-running DKET franchise and reinforces Gilat Defense's push into larger, more complex U.S. and allied mission-critical communications programs.

•1mo ago

Gilat Announces $100 Million Five-Year Convertible Notes at 60% Conversion Premium

Gilat Satellite Networks secured commitments for a $100M private placement of 3.75% senior unsecured convertible notes due 2031. The notes are convertible at $16.00 per share, a 60% premium to the prior close of $9.94, offering favorable financing terms without immediate dilution. Proceeds will fund general corporate purposes with a focus on next-generation satellite and space technologies, multi-orbit connectivity, and defense capabilities.

•2mo ago

Gilat Signs $14 Million Agreement to Expand Broadband Internet Access in Peru

Gilat Perú, a subsidiary of Gilat Satellite Networks, signed a $14 million agreement with the Regional Government of Ayacucho to deploy fiber-optic broadband infrastructure in southern Peru under the Works for Taxes program. The 18-month project will deploy over 1,060 kilometers of optical fiber to connect 273 public institutions, including schools and healthcare facilities, serving approximately 20,000 residents across 109 localities. Management highlighted the deal as a continuation of Gilat's extensive experience in Peru, aimed at advancing digital inclusion and improving access to essential public services.

•2mo ago

Gilat Demonstrates Breakthrough AI-Based Interference Detection and Cancellation Technology for Satellite Links

Gilat Satellite Networks demonstrated a patent-pending AI-based technology designed to detect and cancel interference in satellite communication links. The preliminary results showed up to a 10x improvement in performance compared to conventional techniques while maintaining signal quality in non-static scenarios. Gilat plans to adapt the technology for dedicated AI accelerator hardware to enable low-power edge solutions in operational terminals.

•3mo ago

Gilat Reports Second Quarter 2026 Results

Gilat reported Q2 2026 revenue of $122.7 million, up 17% year-over-year, with Adjusted EBITDA increasing 31% to $15.4 million. The company reaffirmed its 2026 financial guidance, targeting revenue of $500 million to $520 million and Adjusted EBITDA of $61 million to $66 million. Management noted that the acquisition of Comtech's Satellite & Space Communications segment is progressing toward a year-end close, which would create a combined entity with over $700 million in pro forma annual revenue.

•3mo ago

Leading Global Satellite Operator Awards Gilat Over $20 Million in SkyEdge Orders

Gilat Satellite Networks secured over $20 million in orders from a leading global satellite operator for its SkyEdge services and systems. Deliveries are expected within the next 24 months, covering advanced ground segment systems and network management capabilities designed for multi-orbit connectivity. Ron Levin, President of Gilat’s Commercial Division, stated the orders reflect operator confidence in the company's technology and the strength of their long-term relationships.

•3mo ago

Gilat Receives $11 Million in U.S. Department of War Orders, Reinforcing Role in Mission-Critical Defense Connectivity

Gilat Satellite Networks, through its subsidiary Gilat DataPath, secured $11 million in orders from the U.S. Department of War for field services and custom SATCOM terminals. Deliveries are scheduled over the next 12 months, expanding Gilat Defense's footprint in the U.S. market and validating its ruggedized, multi-orbit capabilities. Management highlighted the awards as evidence of continued confidence in their ability to deliver mission-critical communications solutions in demanding environments.

•4mo ago

Gilat Receives $43 Million of Additional Sidewinder ESA Orders from Leading In-flight Connectivity Service Provider

Gilat Satellite Networks secured $43 million in additional orders for its Sidewinder electronically steered antenna terminals from a major in-flight connectivity provider. Deliveries are scheduled over the next 18 months in both line-fit and retrofit configurations, adding meaningful backlog visibility. Management highlighted that the orders reflect the industry's shift toward high-performance, scalable, multi-orbit network architectures.

•4mo ago

Gilat Receives Multi-Million Dollar Order for Customized SATCOM Terminals Supporting European Defense Communications

Gilat Satellite Networks secured a multi-million dollar order from a European Ministry of Defense to supply custom SATCOM terminals. The terminals, engineered by subsidiary Gilat DataPath, are designed to provide resilient connectivity in mission-critical defense environments with deliveries expected over the next 12 months. This award highlights the company's growing role in the defense sector and its ability to meet stringent operational requirements.

•4mo ago

Gilat to Acquire Comtech’s Satellite & Space Communications Segment¹ Creating a Leading Provider of Advanced Defense and Satellite Communications Solutions

Gilat Satellite Networks (GILT) has agreed to acquire Comtech’s (CMTL) Satellite & Space Communications segment for $157.5 million in cash. The deal is funded from Gilat’s existing cash reserves and is expected to close by the end of 2026, subject to CFIUS, FTC, and DOJ regulatory approvals. For Comtech, this divestiture marks a strategic shift, exiting the satellite and space hardware business to focus on other segments, while significantly reducing its revenue base. The acquired segment generated $195.2 million in adjusted revenue and $16.8 million in adjusted EBITDA for the trailing twelve months ended January 2026.

•4mo ago

Gilat Presents Expanded Portfolio for Tactical Unmanned Platforms at Eurosatory 2026

Gilat Defense is showcasing its expanded portfolio for tactical unmanned platforms at Eurosatory 2026, highlighting the new Viper Ka Electronically Steered Antenna from subsidiary RaySat. The Viper Ka antenna supports multi-orbit operations across LEO, MEO, and GEO constellations, offering secure, low-latency connectivity with minimal size, weight, and power impact for mission-critical unmanned operations. Gilad Landsberg, President of Gilat Defense, emphasized that the addition of Viper Ka to their ground infrastructure provides defense customers with a comprehensive, adaptable portfolio for continuous communications across air, land, and maritime missions.

•5mo ago

Gilat Reports First Quarter 2026 Results

Gilat Satellite Networks reported Q1 2026 revenue of $110.5 million, a 20% increase from $92 million in Q1 2025. GAAP operating income improved to $4.4 million, compared to a loss of $2.7 million in Q1 2025, while adjusted EBITDA doubled to $15.1 million from $7.6 million. The company reaffirmed its 2026 guidance, projecting revenue between $500 and $520 million, representing a 13% growth rate at the midpoint, and adjusted EBITDA between $61 and $66 million, a 19% growth rate at the midpoint. CEO Adi Sfadia highlighted strong execution and momentum across key growth initiatives, including expanded defense and commercial markets and the successful demonstration of virtualized SATCOM solutions with Amazon AWS and SES Space & Defense.

•5mo ago

Gilat Signs Strategic Multimillion Partnership with Nelco in India to Deploy SkyEdge IV

Gilat secured a strategic multimillion-dollar order from Nelco to deploy its SkyEdge IV hub platform in India. The project will utilize the GSAT-N2 Ka-band HTS satellite to enable high-performance connectivity across aero IFC, cellular backhaul, and enterprise segments. Deliveries are scheduled over the next 12 months, extending Gilat's reach in the Indian Satcom market.

•6mo ago

Gilat Awarded over $7 Million for its New EnduroStream Solution to Support the U.S. Department of War

Gilat Defense secured an order worth over $7 million for its EnduroStream solid-state power amplifier solution to support the U.S. Department of War. This award marks the entry into a new market category within the defense sector, positioning EnduroStream as a high-resilience alternative to traditional traveling wave tube amplifiers. Delivery is expected to take place over the next 24 months, reinforcing the product's viability for mission-critical SATCOM environments.

•6mo ago