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Gilat Satellite Networks Ltd. GILT has announced that it has secured orders worth more than $3 million from prominent service providers. These orders are for Gilat’s state-of-the-art Gateway Solid State Power Amplifiers (SSPAs), designed to support Low Earth Orbit (LEO) satellite constellations. Deliveries are scheduled to be completed within the next 12 months. Following the announcement, shares were up 2.3% in the last trading, closing the session at $6.43.
Known for their high efficiency, reliability and performance, Gilat’s SSPAs form a crucial part of its advanced product lineup. With “high-power, lightweight and energy-efficient solutions,” these SSPAs ensure seamless connectivity and peak performance in challenging environments.
Increasing adoption of its solutions reinforces its position as a leader in satellite communication innovation, empowering service providers to enhance their capabilities and address the increasing demand for seamless global connectivity.
Gilat Satellite Networks Ltd. Price and Consensus
Gilat Satellite Networks Ltd. price-consensus-chart | Gilat Satellite Networks Ltd. Quote
Based in Petah Tikva, Israel, GILT is a top provider of satellite-based broadband services, including designing and manufacturing advanced equipment and innovative technology. Gilat’s solutions support a range of applications, including broadband access, cellular backhaul, enterprise services, In-Flight Connectivity (IFC), maritime, trains, defense and public safety, all while meeting high service standards. Strength in the defense sector also bodes well for Gilat as demand for defense SATCOM solutions grows due to NGSO expansion and geopolitical events.
On Jan. 6, 2025, Gilat received $9 million in orders from leading satellite operators for its SkyEdge IV and SkyEdge II-c platforms. The company’s cutting-edge SkyEdge technology supports applications like maritime, cellular backhaul and enterprise solutions, with delivery set for within the next 12 months.
The company’s strategic acquisitions further strengthen its growth prospects. On Jan 8, 2025, Gilat closed the deal to acquire Stellar Blu Solutions LLC, a U.S.-based provider of advanced SATCOM terminal solutions and satellite connectivity. The company announced the acquisition in June 2024. This move is set to bolster Gilat’s position in the growing In-Flight Connectivity market and enhance its commercial and business aviation space. Additionally, the acquisition is expected to drive growth in adjacent high-end mobility sectors, particularly those well-suited for Electronically Steered Antenna applications.