Gilat ( (GILT) ) has issued an announcement.
On March 5, 2025, Gilat Satellite Networks Ltd. announced a $6 million defense contract to supply its SkyEdge II-c platform to a military organization in the Asia-Pacific region. This contract, expected to be delivered over the next three months, highlights Gilat’s expertise in providing secure and resilient satellite communications solutions for defense operations. The deal reinforces Gilat’s position as a trusted provider in the defense market, expanding its operations and supporting military forces with advanced connectivity solutions.
More about Gilat
Gilat Satellite Networks Ltd. is a global leader in satellite-based broadband communications, offering advanced technology solutions for satellite, ground, and new space connectivity. With over 35 years of experience, the company provides next-generation solutions and services for commercial and defense applications. Gilat’s comprehensive portfolio includes satellite terminals, antennas, amplifiers, and integrated ground systems, supporting a wide range of applications such as government, defense, mobility, and critical infrastructure.
YTD Price Performance: 8.46%
Average Trading Volume: 435,526
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $380.3M
For an in-depth examination of GILT stock, go to TipRanks’ Stock Analysis page.