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Gilat Satellite Networks’ subsidiary Wavestream received a multi-million-dollar order from a customer to support a U.S. Department of Defense military communications program.
Amir Yafe, Head of Global Accounts at Gilat, values the partnership with SES and supports expanding collaboration to bring high-end modems to O3b mPOWER’s market segments.
Eyal Zelinger will assume his responsibilities as head of Gilat’s Defense business effective 2020-12-01.
SES selected Gilat and ST Engineering iDirect as technology partners to develop the core infrastructure modem platforms for O3b mPOWER.
The demonstrations tested both Standalone (SA) and Non-Standalone (NSA) 0.005 kg architecture options using Capricorn PLUS with adaptation of Gilat’s patented GTP acceleration.
Comtech Telecommunications sought to call off its merger with Gilat on 2020-07-07.
Comtech expects the combined company with Gilat to generate close to $1,000,000,000 in annual sales.
Comtech is buying Gilat for $10.25 per share, with payment 70% in cash and 30% in Comtech stock.
Comtech is acquiring Gilat Satellite Networks for $532,500,000.
Comtech announced the Gilat and CGC Technology transactions on 2024-01-29.
Gilat Satellite Networks was selected in 2018 to provide the ground network for ChinaSat-18, as it did for ChinaSat-16.
Gilat Satellite Networks was selected in 2018 to provide the ground network for ChinaSat-18, as it did for ChinaSat-16.
Gilat reported operating income of $4,900,000 for the quarter ended 2019-06-30, a 17.9% increase from $4,100,000 in the same quarter last year.
Gilat expects full-year revenue of between $275,000,000 and $295,000,000 and full-year operating income between $23,000,000 and $27,000,000.
Gilat reported $59,700,000 in revenue for the quarter ended 2019-06-30, down from $66,500,000 in the same quarter last year.
A significant amount of Gilat's investment in R&D is directed towards non-geosynchronous satellite constellations.
Gilat tested one of its modems with Global Eagle Entertainment and Telesat in October.
Gilat released an upgraded version of its SkyEdge 2-c solution that supports 5G backhaul.
Gilat projects recurring service revenue from Fitel’s network in excess of $23 million a year.
Additional Peruvian networks coming online are expected to generate $50 million in annual service revenue for Gilat.