Gilat Defense secures a multimillion-dollar contract for satellite communication systems from Israel’s Ministry of Defense, set for 2025 delivery.
Quiver AI Summary
Gilat Satellite Networks Ltd. announced that its defense division, Gilat Defense, has secured a multimillion dollar contract from Israel's Ministry of Defense for the provision and integration of advanced satellite communication systems. The contract entails the rapid deployment of these systems, designed to meet the operational needs of Israel's defense forces, and is expected to be fulfilled by the end of 2025. The systems are specifically engineered to work in harsh environments, making them suitable for a variety of military communication applications. Gilat's President, Gilad Landsberg, emphasized the growing importance of satellite communications for defense forces globally and expressed pride in delivering a tailored solution for the Ministry of Defense.
Potential Positives
- Gilat Defense has been awarded a multimillion dollar contract by Israel’s Ministry of Defense, indicating strong demand for its satellite communication systems.
- The contract includes the rapid deployment of advanced SATCOM systems, showcasing the company's capability to meet urgent and complex operational needs.
- Gilat's solutions are designed for harsh and unpredictable environments, reinforcing its position as a leader in mission-critical defense communications.
- The award further establishes Gilat as a trusted supplier for government and defense applications, supporting its brand reputation in a competitive industry.
Potential Negatives
- The press release openly acknowledges significant risks associated with Gilat's international operations and its location in Israel, particularly in relation to hostilities with Hamas, which could impact the company's stability and investor confidence.
- It mentions the inability to maintain market acceptance for Gilat's products and potential pressure on prices due to competition, indicating possible challenges in sustaining business growth.
- The forward-looking statements caution that many factors could lead to results differing materially from predictions, pointing to uncertainties that may exist for investors and stakeholders.
FAQ
What is the recent contract awarded to Gilat Defense?
Gilat Defense has been awarded a multimillion dollar contract by Israel’s Ministry of Defense for satellite communication systems and services.
When are the deliveries for the new satellite systems expected?
Deliveries of the satellite communication systems are expected before the end of 2025.
What are the features of the satellite communication systems?
The SATCOM systems are designed for rapid deployment and operation in harsh environments, meeting military communication needs.
Who is the president of Gilat Defense?
Gilad Landsberg is the President of Gilat Defense, emphasizing the importance of SATCOM in defense operations.
What does Gilat Satellite Networks specialize in?
Gilat specializes in satellite-based broadband communications, providing solutions for both commercial and defense applications.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GILT Hedge Fund Activity
We have seen 36 institutional investors add shares of $GILT stock to their portfolio, and 52 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CSM ADVISORS, LLC added 876,735 shares (+inf%) to their portfolio in Q2 2025, for an estimated $6,216,051
- PENN CAPITAL MANAGEMENT COMPANY, LLC added 433,931 shares (+inf%) to their portfolio in Q1 2025, for an estimated $2,755,461
- ACADIAN ASSET MANAGEMENT LLC removed 433,090 shares (-67.8%) from their portfolio in Q2 2025, for an estimated $3,070,608
- ROYCE & ASSOCIATES LP added 367,661 shares (+52.7%) to their portfolio in Q2 2025, for an estimated $2,606,716
- WELLINGTON MANAGEMENT GROUP LLP removed 357,331 shares (-26.2%) from their portfolio in Q1 2025, for an estimated $2,269,051
- MARSHALL WACE, LLP added 357,007 shares (+240.0%) to their portfolio in Q1 2025, for an estimated $2,266,994
- CITADEL ADVISORS LLC removed 188,163 shares (-76.1%) from their portfolio in Q1 2025, for an estimated $1,194,835
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$GILT Analyst Ratings
Wall Street analysts have issued reports on $GILT in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Needham issued a "Buy" rating on 08/06/2025
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Full Release
PETAH TIKVA, Israel, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its defense division, Gilat Defense, has been awarded a multimillion dollar contract by Israel’s Ministry of Defense for the delivery and integration of satellite communication systems and services. Deliveries are expected before the end of 2025.
The contract includes the rapid deployment of advanced SATCOM systems tailored to meet the operational requirements of Israel’s defense forces. These systems are developed and engineered for operation in harsh and unpredictable environments, making them ideal for a wide range of military communication needs.
“We continue witnessing the fact that SATCOM is becoming a very important and critical tool for Defense forces around the world. As a leading developer and supplier of such mission critical solutions we are proud to deliver a tailor-made, time-sensitive solution for the Israeli Ministry of Defense,” said Gilad Landsberg, President of Gilat Defense . “This achievement reflects our ability to meet complex operational needs with speed and precision.”
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.
Together with our wholly owned subsidiaries, Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu, we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a cloud-based platform and modems; high-performance satellite terminals; advanced Satellite On-the-Move (SOTM) antennas and ESAs; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services.
Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the hostilities between Israel and Hamas. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.
Contact:
Gilat Satellite Networks
Hagay Katz
, Chief Product and Marketing Officer
[email protected]
Alliance Advisors:
[email protected]
Phone: +1 212 838 3777
