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An update from Gilat ( (GILT) ) is now available.
On January 21, 2025, Gilat Satellite Networks Ltd. announced that its US-based subsidiary, Gilat DataPath, received over $5 million in contracts from the US Department of Defense and other international Defense Forces. These contracts, involving DKET terminals and Field Service Representative support, are intended to enhance connectivity for military and defense operations across the globe over the next year. This development underscores Gilat DataPath’s role as a trusted partner in providing reliable solutions and services for defense organizations, ensuring mission-critical communications are maintained effectively worldwide.
More about Gilat
Gilat Satellite Networks Ltd. is a leading global provider of satellite-based broadband communications, offering deep technology solutions for satellite, ground, and new space connectivity. With over 35 years of experience, the company provides comprehensive, secure end-to-end solutions and services for mission-critical operations. Gilat’s portfolio includes high-value solutions for multiple orbit constellations, cloud-based platforms, high-performance satellite terminals, and integrated ground systems for various sectors including commercial, defense, government, and critical infrastructure.
YTD Price Performance: 8.46%
Average Trading Volume: 331,552
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $380.3M
See more insights into GILT stock on TipRanks’ Stock Analysis page.
