Gilat Satellite Networks

Gilat Satellite Networks Ltd. engages in the provision of broadband satellite communication and networking solutions and services. It operates through the following business segments: Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects. The Fixed Networks segment provides advanced fixed broadband satellite communication networks, satellite communication systems and associated professional services and comprehensive turnkey solutions and fully managed satellite network services solutions. The Mobility Solutions segment provides advanced on-the-move satellite communications equipment, systems, and solutions, including airborne, maritime and ground-mobile satellite systems and solutions. The Terrestrial Infrastructure Projects segment provides network infrastructure construction of the fiber and microwave network of PRONATEL in Peru. The company was founded by Yoel Gat, Gideon Kaplan, Amiram Levinberg, Joshua Levinberg, and Shlomo Tirosh in 1987 and is headquartered in Petah Tikva, Israel.

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Gilat Satellite Networks reports robust earnings, poised for market expansion

Gilat Satellite Networks delivered strong financial performance in Q4 2022, with notable revenue growth and improved EBITDA. The company's strategic partnerships, diverse revenue streams, and focus on key market segments position it well for future success.
While facing challenges such as managing costs and optimizing profitability, Gilat has opportunities to capitalize on its strengths in the satellite communication market, expand into new markets, and drive innovation.
With a solid financial position, no debt, and positive cash flow, Gilat is well-equipped to navigate market dynamics, leverage growth opportunities, and deliver value to shareholders.

Gilat Satellite Networks reports robust Q1 performance and strategic growth

Gilat Satellite Networks delivered strong financial results in Q1 2023, driven by revenue growth, improved margins, and strategic initiatives.
The company's focus on partnerships, acquisitions, and product development positions it for continued growth and market expansion.
While facing challenges such as project cancellations and market dynamics, Gilat remains optimistic about its performance and future prospects.
With a solid balance sheet, strong guidance, and a diverse product portfolio, Gilat is well-positioned for sustained success and profitability.

Gilat Satellite Networks excels in Q2, eyes growth opportunities

Gilat Satellite Networks delivered a robust performance in Q2 2023, with increased revenue, profitability, and strategic achievements. The company's financial health remains strong, supported by a solid cash position and no debt. While facing working capital challenges, Gilat is well-positioned to capitalize on growth opportunities.

Gilat Satellite Networks (GILT) excels in Q3 2023 earnings call

Gilat Satellite Networks (GILT) reported a strong Q3 2023 performance, marked by revenue growth, profitability improvements, and strategic initiatives for future growth.
The company's focus on the Satellite Network segment, IFC market strength, and upcoming acquisition of DataPath position Gilat for continued success and expansion.
While challenges in maintaining margins and integrating acquisitions exist, Gilat's financial health, market presence, and growth opportunities paint a positive outlook for investors.

Gilat Satellite Networks reports robust 2023 results and eyes defense market growth

Gilat Satellite Networks had a strong performance in 2023, marked by revenue and EBITDA growth, strategic acquisitions, and advancements in key verticals. While facing the challenge of meeting ambitious 2024 targets, the company remains optimistic about growth opportunities in defense and new product development.

Gilat Satellite Networks (GILT) reports robust Q1 growth and eyes new market opportunities

Gilat Satellite Networks (GILT) delivered a stellar performance in Q1 2024, marked by strong revenue growth and improved profitability. The company's strategic acquisitions, leadership in satellite technologies, and diverse market presence position it well for future growth. While challenges exist in maintaining momentum, Gilat's focus on innovation and market expansion presents significant opportunities for continued success.

Gilat Satellite Networks reports robust Q2 growth and strategic acquisitions

Gilat's Q2 2024 earnings call showcased strong financial performance, market leadership in satellite technology, and strategic growth initiatives. The company's focus on defense, mobility, and expansion projects positions it well for future success.

Gilat Satellite Networks reports robust Q3 performance and eyes growth

Gilat Satellite Networks demonstrated strong financial performance in Q3 2024, driven by revenue growth and operational efficiency.
While facing challenges such as narrowed revenue guidance and geopolitical uncertainties, the company maintains a strong cash position and growth opportunities.
Strategic acquisitions, successful defense contracts, and expansion into new markets position Gilat for continued growth and profitability.

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Contract calls for providing coverage to half a million people in rural areas, with significant expansion potential valued at additional tens of millions of dollars over time Contract calls for providing coverage to half a million people in rural areas, with significant expansion potential valued at additional tens of millions of dollars over time

Gilat Awarded Over $10 Million for a Five-Year Service Project for 4G Backhaul Services in Latin America

Gilat completed the LTE cellular backhaul satellite migration project according to schedule, during these challenging times imposed by the COVID-19 pandemic Gilat completed the LTE cellular backhaul satellite migration project according to schedule, during these challenging times imposed by the COVID-19 pandemic

US Tier-1 Mobile Operator Awards Gilat a Multi-Million Dollar Service Contract for Cellular Backhaul

AMN's network enabled by Gilat's technology serves multiple Tier-1 Telcos in over ten countries throughout Africa AMN's network enabled by Gilat's technology serves multiple Tier-1 Telcos in over ten countries throughout Africa

Africa Mobile Networks (AMN) Extends Gilat's Contract of Powering Africa's Largest Satellite Cellular Backhaul Network

Capacity increase of 40% will enable Gilat to provide a superior end-to-end solution to expand its service into remote villages cost-effectively Capacity increase of 40% will enable Gilat to provide a superior end-to-end solution to expand its service into remote villages cost-effectively

Gilat Selected to Extend and Expand Managed Service Cellular Backhaul Project by a Leading Mobile Operator in Mexico

Gilat's expertise and presence in Latin America, together with its local partner, Planex, enabled fast delivery during the challenging times imposed by the COVID-19 pandemic Gilat's expertise and presence in Latin America, together with its local partner, Planex, enabled fast delivery during the challenging times imposed by the COVID-19 pandemic

Telefonica International Wholesale Services (TIWS) Selects Gilat for Broadband and Cellular Backhaul Project in Argentina

PETAH TIKVA, Israel, July  12, 2020  (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced that further to its announcement of July 8, 2020, it was notified on July 11, 2020 that an amended complaint was filed by Comtech Telecommunications Corp. and its subsidiary, Convoy Ltd., against Gilat in the Court of Chancery of the State of Delaware. The amended complaint seeks an additional declaratory judgment that Gilat has suffered a “Material Adverse Effect” as defined in the Merger Agreement, as a result of the Covid-19 pandemic and, as a consequence, Comtech is not required to consummate the merger because certain closing conditions of the Merger Agreement cannot be satisfied.

Gilat Intends to File Counterclaims Seeking Enforcement of the Merger Agreement or Hundreds of Millions of Dollars in Monetary Damages following Comtech’s Filing of an Amended Complaint

Gilat's one-time merger suitor may be getting cold feet.

Why Gilat Satellite Networks Stock Dropped 14% Today

PETAH TIKVA, Israel, July  08, 2020  (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announces that it was advised that a complaint was filed by Comtech Telecommunications Corp. and by its subsidiary, Convoy Ltd., against Gilat in the Court of Chancery in the State of Delaware, on a confidential basis, allegedly seeking a declaratory judgment that (i) any unilateral actions taken by Gilat relating to the disposition or restructuring of its subsidiary in Russia or (ii) any unilateral action taken by Gilat concerning Comtech’s pending application to the Russian regulatory authorities, constitute violations of the Merger Agreement between Gilat and Comtech.

Gilat Updates on Purported Filing of Complaint

Passengers flying with China's Qingdao Airlines are enjoying In-Flight Entertainment and Connectivity (IFEC) service, provided by FTS over China Satcom's Ka-HTS satellite, and powered by Gilat's Taurus aero modem Passengers flying with China's Qingdao Airlines are enjoying In-Flight Entertainment and Connectivity (IFEC) service, provided by FTS over China Satcom's Ka-HTS satellite, and powered by Gilat's Taurus aero modem

Gilat's Airborne Technology Enables Opening-up of the Chinese Ka-Band IFEC Market and Driving a Multi-Million Dollar Market Opportunity

Mr. Sfadia will also retain his position as Chief Integration Officer overseeing the integration with Comtech Mr. Sfadia will also retain his position as Chief Integration Officer overseeing the integration with Comtech

Yona Ovadia Steps Down as Gilat's CEO, Adi Sfadia Named as Interim CEO of Gilat

Capricorn PLUS provides highest RTN Speed over MF-TDMA channel of up to 100Mbps, enabling full satellite network resource utilization, under any link condition and service needs Capricorn PLUS provides highest RTN Speed over MF-TDMA channel of up to 100Mbps, enabling full satellite network resource utilization, under any link condition and service needs

Gilat Announces Availability of its Flagship VSAT, Achieving Half a Gigabit of Concurrent Speeds

PETAH TIKVA, Israel, June  03, 2020  (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the first quarter ended March 31, 2020.

Gilat Reports Q1 2020 Results

PETAH TIKVA, Israel, March  23, 2020  (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announces that it has filed its Annual Report on Form 20-F containing audited consolidated financial statements for the year ended December 31, 2019 with the U.S. Securities and Exchange Commission.

Gilat Announces Filing of 2019 Annual Report

Uniquely designed small form factor ESA terminal is on display at Carlisle Interconnect Technologies booth # 309 at Satellite 2020 in Washington DC Uniquely designed small form factor ESA terminal is on display at Carlisle Interconnect Technologies booth # 309 at Satellite 2020 in Washington DC

ESA Collaboration between Gilat and Carlisle Interconnect Technologies Now Presented at Satellite 2020

High performance and instantaneous multi-orbit LEO-GEO switchover between Telesat's satellites over Ka-band capacity was achieved onboard Honeywell's commercial test aircraft High performance and instantaneous multi-orbit LEO-GEO switchover between Telesat's satellites over Ka-band capacity was achieved onboard Honeywell's commercial test aircraft 

Gilat's First-to-Flight ESA Terminal Achieves Another Industry-First with In-Flight Connectivity over NGSO, Well-Positioning Gilat to Win the Vast Opportunities in the ESA Market

Outstanding accomplishment well positions Gilat to win the vast opportunities in the ESA market

Gilat's ESA Terminal Demonstrates First-ever In-Flight Operation on Commercial Aircraft

Wavestream's state-of-the-art GaN BUCs will be supplied as the first award of a five-year base-period of potentially over $10 million of deliveries to the US DoD Wavestream's state-of-the-art GaN BUCs will be supplied as the first award of a five-year base-period of potentially over $10 million of deliveries to the US DoD

Gilat’s Wavestream Awarded Contract for Over $6 Million from US Department of Defense

Industry milestone recorded for maximizing potential of high throughput NGSO satellites Industry milestone recorded for maximizing potential of high throughput NGSO satellites

Gilat Achieves Fastest Ever Modem Speeds of 1.2 Gbps Total Throughput over Telesat's Phase 1 LEO Satellite

Gilat Satellite Networks Ltd. (GILT) CEO Yona Ovadia on Q3 2019 Results - Earnings Call Transcript

Multi-million-dollar contract establishes Gilat as a significant NGSO player through the technological innovation of its multi-orbit GEO/NGSO platform Multi-million-dollar contract establishes Gilat as a significant NGSO player through the technological innovation of its multi-orbit GEO/NGSO platform

Gilat Signs Significant Contract with SES to Develop and Deploy O3b mPOWER MEO Communications System

Wavestream's high power 25 Watt Ku-band transceivers are line fit for Boeing 737 aircraft Wavestream's high power 25 Watt Ku-band transceivers are line fit for Boeing 737 aircraft

Global Eagle places $5m order with Gilat's Wavestream for In-Flight Connectivity Transceivers

Gilat expects significant expansion over time to additional multiple millions of dollars in this region, as well as in other regions operated by Gilat Gilat expects significant expansion over time to additional multiple millions of dollars in this region, as well as in other regions operated by Gilat

Gilat Awarded $10 Million for a Five-Year Project for 3G/4G Backhaul Services in Peru

Technology upgrade to DVB-S2X further positions China Satcom at the forefront for providing the most efficient, high throughput satellite communication across all verticals Technology upgrade to DVB-S2X further positions China Satcom at the forefront for providing the most efficient, high throughput satellite communication across all verticals

Gilat and China Satcom Lay Foundation for Future Chinese Satellite Communication for Aero, Maritime, Land Mobility and Fixed Applications

Gilat Satellite Networks Ltd. (GILT) CEO Yona Ovadia on Q1 2019 Results - Earnings Call Transcript

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