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These endorsements give Gilat a foothold in the Chinese market.
Gilat projects recurring service revenue from Fitel’s network in excess of $23 million a year.
A significant amount of Gilat's investment in R&D is directed towards non-geosynchronous satellite constellations.
China Satcom selected Gilat to provide the ground network for ChinaSat-18 in 2018.
Additional Peruvian networks coming online are expected to generate $50 million in annual service revenue for Gilat.
Gilat tested one of its modems with Global Eagle Entertainment and Telesat in October.
Fitel, Peru’s Telecommunications Investment Fund, found issues with the network supplied by Gilat that require fixing.
Gilat will have sufficient resources for significant financial investments after paying the dividend.
Gilat reported a 6 percent decrease in revenue to $266.4 million for 2018.
Gilat released an upgraded version of its SkyEdge 2-c solution that supports 5G backhaul.
Gilat will pay shareholders a $25 million dividend this quarter.
Gilat announced another modem test with an unnamed maritime connectivity provider operating a teleport in Northern Europe.
Gilat increased its research and development (R&D) spending from 9.9 percent of revenues in 2017 to 12.4 percent in 2018.
Gilat projected revenues for 2019 of between $275 million and $295 million.
Hughes, Gilat, and Viasat are developing aviation antennas that support both Ku-band and Ka-band frequencies.
Gazprom Space Systems signed an $18,000,000 contract with Gilat for gateways and VSAT terminals for the operator’s upcoming Ka-band satellite Yamal-601.
Gilat will provide two SkyEdge 2-c gateways and tens of thousands of user terminals to enable new broadband services across the European and Asian regions of Russia.