Gilat Awarded Contract to Supply Satellite Communication Equipment for Military Usage
June 10 2021 - 7:00AM
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a
worldwide leader in satellite networking technology, solutions and
services announced that it was awarded a contract to supply
satellite communication equipment for military usage. Gilat was
chosen as the sole provider to address most advanced present and
future defense connectivity requirements.
Today's net-centric warfare and the digital
transformation have increased the importance of satellite-based
communication solutions in the battlefield. Gilat's advanced
technology exhibits superior performance and efficiency, thus
meeting defense long-term requirements.
"Gilat will provide the defense satellite
communication infrastructure that is a critical necessity on the
battle field, wherever and whenever communication is required,"
said Res. BG. Eyal Zelinger, Gilat’s Vice President of Defense. "We
are proud that Gilat's SkyEdge II-c platform and roadmap answer the
most stringent requirements and thus provide the technological
capability to enable realizing the demand of digital warfare.
Furthermore, this contract is a significant step in implementing
Gilat's strategy in the global Defense market."
About GilatGilat Satellite Networks Ltd.
(NASDAQ: GILT, TASE: GILT) is a leading global provider of
satellite-based broadband communications. With 30 years of
experience, we design and manufacture cutting-edge ground segment
equipment, and provide comprehensive solutions and end-to-end
services, powered by our innovative technology. Delivering high
value competitive solutions, our portfolio comprises of a cloud
based VSAT network platform, high-speed modems, high performance
on-the-move antennas and high efficiency, high power Solid State
Amplifiers (SSPA) and Block Upconverters (BUC).
Gilat’s comprehensive solutions support multiple applications
with a full portfolio of products to address key applications
including broadband access, cellular backhaul, enterprise,
in-flight connectivity, maritime, trains, defense and public
safety, all while meeting the most stringent service level
requirements. Gilat controlling shareholders are the FIMI Private
Equity Funds. For more information, please visit: 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, risks
associated with the outbreak and global spread of the coronavirus
(COVID-19) pandemic; 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. 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 NetworksDoreet Oren,
Director Corporate CommunicationsDoreetO@gilat.com
GK Investor and Public RelationsEhud Helft, Managing
Partnerehud@gkir.com
A photo accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/0654225a-76cd-48e7-9163-afec7e978e07
Gilat Satellite Networks (NASDAQ:GILT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Gilat Satellite Networks (NASDAQ:GILT)
Historical Stock Chart
From Sep 2023 to Sep 2024