All verified mentions of this organization in source documents.
Gilat Satellite Networks Ltd. has signed a definitive agreement to acquire Stellar Blu Solutions LLC.
Gilat expects annual revenues from the acquired Stellar Blu business to range between $100,000,000 and $150,000,000 starting in 2025 based on Stellar Blu’s existing backlog.
Gilat may pay up to an additional $147,000,000 in cash contingent on achievement of post-closing financial and business goals.
Gilat will pay Stellar Blu $98,000,000 after closing the transaction before the end of 2024 and up to $147,000,000 more over two years if the combined group achieves business and financial objectives.
Gilat Satellite Networks announced plans on 2024-06-17 to acquire Stellar Blu Solutions in a deal worth up to $245,000,000.
Gilat expects a low-profile, multi-orbit ESA market with no moving parts to create an inflight connectivity market worth between $700,000,000 and $1,000,000,000 annually over the next 10 years.
Gilat is developing a LEO-only ESA targeting business and government customers.
Gilat plans to start shipping nearly 200 ESA antennas to Florida-based inflight connectivity provider Satcom Direct next year.
Gilat Satellite Networks Ltd. acquired DataPath in November 2023.
Gilat’s product portfolio includes a cloud-based platform and high-performance satellite terminals designed to work with satellite constellations in multiple orbits.
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) received a multi-million-dollar award from a leading defense organization to develop a next-generation SATCOM-on-the-Move (SOTM) and SATCOM-on-the-Pause (SOTP) modem.
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) was awarded more than $3,000,000 for a public Wi-Fi solution in Latin America.
Gilat Satellite Networks subsidiary DataPath has been awarded a $12,000,000 contract to continue a program sustaining anytime, anywhere satellite connectivity for the United States Army.
Gilat Satellite Networks has been awarded more than $13,000,000 in cumulative orders from multiple satellite operators to expand their global SATCOM networks.
The U.S. Department of Defense awarded a $5,000,000 order to DataPath, a U.S.-based subsidiary of Gilat Satellite Networks Ltd.
Gilat’s Wavestream subsidiary will develop, qualify, and produce a new line of Ku-band Power Supply Unit (KPSU) products to support Safran Passenger Innovations’ Ku-band electronically steerable antenna (ESA).
The U.S. Department of Defense awarded a $10,000,000 follow-on order to DataPath, a U.S.-based subsidiary of Gilat Satellite Networks Ltd.
Gilat’s SkyEdge IV platform will augment satellite communications capabilities for a leading governmental defense organization as part of the awarded project.
Gilat’s Taurus-M modems will augment satellite communications capabilities for a leading governmental defense organization as part of the awarded project.
SkyEdge IV is Gilat’s next-generation multi-service platform designed to operate with multi-orbit (GEO, MEO, and LEO) software-defined satellite constellations.