Gilat Satellite Networks received over $60 million in orders for its in-flight connectivity terminals to enhance airborne connectivity.
Quiver AI Summary
Gilat Satellite Networks Ltd. announced it has secured over $60 million in orders from a major satellite operator for its Stellar Blu ESA Sidewinder in-flight connectivity terminals, with deliveries anticipated within the next year. These orders will supply additional Sidewinder terminals for airline fleet retrofits and the initial production for Boeing's OEM linefit terminal. Tracy Trent, President of Gilat Stellar Blu, highlighted that the Sidewinder ESA is enhancing airborne connectivity to meet evolving aviation demands, while also creating opportunities in high-value markets like VVIP and special mission aircraft. Gilat, a leader in satellite communications, offers a range of solutions for various sectors including commercial and defense, and emphasizes its commitment to global connectivity.
Potential Positives
- Gilat Satellite Networks has secured over $60 million in orders from a leading satellite operator, indicating strong demand for its in-flight connectivity solutions.
- The awarded contracts will facilitate the delivery of hundreds of Sidewinder ESA terminals, thus expanding the company's market presence in the aviation sector.
- These orders support both retrofit projects and the first production run for Boeing's OEM linefit terminal, signaling collaboration with key industry players.
- The press release highlights the company's commitment to advancing airborne connectivity, positioning Gilat for growth in high-value markets such as VVIP and special mission aircraft.
Potential Negatives
- Potential risks associated with Gilat's operations in Israel amid ongoing hostilities could affect business stability and investor confidence.
- Forward-looking statements highlight uncertainties, including inability to maintain market acceptance and pressure from competition, which could impact future growth.
- Heavy reliance on a major order from a leading satellite operator raises concerns about dependency on a limited number of clients for revenue.
FAQ
What recent order has Gilat Satellite Networks announced?
Gilat announced over $60 million in orders for Stellar Blu ESA Sidewinder in-flight connectivity terminals from a leading satellite operator.
What is the Stellar Blu ESA Sidewinder used for?
The Stellar Blu ESA Sidewinder is designed for in-flight connectivity, providing advanced airborne communication solutions for airlines.
How is Gilat expanding its market reach?
Gilat is expanding into high-value markets like VVIP and special mission aircraft, enhancing connectivity solutions for demanding applications.
What experience does Gilat have in satellite communications?
Gilat has over 35 years of experience in satellite-based broadband communications, offering innovative solutions for commercial and defense sectors.
Who can I contact for more information about Gilat's products?
For inquiries, you can contact Hagay Katz, Gilat's Chief Products and Marketing Officer, at [email protected].
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 40 institutional investors add shares of $GILT stock to their portfolio, and 57 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
- 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
- VAN ECK ASSOCIATES CORP removed 284,232 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $2,015,204
- PENN CAPITAL MANAGEMENT COMPANY, LLC removed 213,077 shares (-49.1%) from their portfolio in Q2 2025, for an estimated $1,510,715
- LBP AM SA added 141,378 shares (+33.3%) to their portfolio in Q2 2025, for an estimated $1,002,370
- TWO SIGMA INVESTMENTS, LP added 138,721 shares (+347.7%) to their portfolio in Q2 2025, for an estimated $983,531
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$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
To track analyst ratings and price targets for $GILT, check out Quiver Quantitative's $GILT forecast page.
Full Release
PETAH TIKVA, Israel, Aug. 20, 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 Commercial Division has been awarded more than $60 million in orders from a leading satellite operator for its Stellar Blu ESA Sidewinder in-flight connectivity terminals. Deliveries are expected in the next 12 months.
These orders, for hundreds of additional Sidewinder ESA terminals, support new airline fleet awards in retrofit and the first production run of Sidewinders for the eventual OEM linefit terminal for Boeing.
“The Stellar Blu Sidewinder ESA is redefining airborne connectivity with the performance and flexibility today’s aviation customers demand,” said Tracy Trent, President, Gilat Stellar Blu . “This momentum is opening significant opportunities to expand into high-value markets like VVIP and special mission aircraft, delivering advanced solutions that meet the most demanding connectivity requirements.”
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 Products and Marketing Officer
[email protected]
Alliance Advisors:
[email protected]
Phone: +1 212 838 3777
