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Gilat ( (GILT) ) has provided an update.
On January 28, 2025, Gilat Satellite Networks Ltd. announced that its US-based subsidiary, Gilat DataPath, secured $4 million in contracts for advanced portable satellite terminals from global defense customers. These orders, intended for delivery over the next 12 months, underscore Gilat DataPath’s reputation for providing reliable, high-performance communication solutions capable of operating under extreme conditions, thereby strengthening the company’s position as a trusted partner in the defense sector.
More about Gilat
Gilat Satellite Networks Ltd. is a leading global provider of satellite-based broadband communications. The company provides comprehensive end-to-end solutions and services for mission-critical operations, leveraging over 35 years of experience in satellite, ground, and new space connectivity. Gilat’s product portfolio includes high-performance satellite terminals, mobility solutions, and integrated ground systems for various applications such as broadband access, enterprise, defense, and critical infrastructure.
YTD Price Performance: 10.08%
Average Trading Volume: 367,003
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $415.7M
See more insights into GILT stock on TipRanks’ Stock Analysis page.
