Gilat ( (GILT) ) has provided an announcement.
On February 25, 2025, Gilat Satellite Networks Ltd. announced an investment of up to $3.5 million in Crosense, a startup specializing in drone detection and tracking technology. This strategic investment aligns with Gilat’s focus on expanding its presence in the Homeland Security and Defense sectors. Crosense’s innovative technology addresses the urgent need for effective drone detection solutions, providing 24/7 coverage for securing critical infrastructure. This collaboration is expected to enhance Gilat’s role in the defense sector and support Crosense’s growth and market impact.
More about Gilat
Gilat Satellite Networks Ltd. is a global leader in satellite-based broadband communications, providing deep technology solutions for satellite, ground, and new space connectivity. With over 35 years of experience, Gilat offers next-generation solutions and services for critical connectivity across commercial and defense applications. The company, along with its subsidiaries, supports multi-orbit constellations, Very High Throughput Satellites, and Software-Defined Satellites, serving various sectors including government, defense, enterprise, and critical infrastructure.
YTD Price Performance: 20.98%
Average Trading Volume: 476,487
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $424.2M
See more data about GILT stock on TipRanks’ Stock Analysis page.