GILT launches Defense Division to meet the rising demand for secure government and military SATCOM solutions.
GILT's fourth-quarter 2024 performance reflects expanding momentum in the defense and IFC sectors, backed by increasing deal wins.
Gilat Satellite Networks Ltd. (NASDAQ:GILT ) Q4 2024 Earnings Conference Call February 12, 2025 9:30 AM ET Company Participants Mayrav Sher - Head of Finance and IR Adi Sfadia - CEO Gil Benyamini - CFO Conference Call Participants Sergey Gleimyamov - Freedom Brokers Louie DiPalma - William Blair Ryan Koontz - Needham & Company Chris Quilty - Quilty Space Gunther Karger - Discovery Group Operator Ladies and gentlemen, thank you for standing by.
GILT's Q4 2024 performance is likely to have been aided by rising deal wins in the defense sector, IFC business expansion and synergies from acquisitions.
GILT's Gilat DataPath secures $4 million in global defense contracts for CCT200, CCT120 & QCT90 portable satellite terminals to be delivered over the next year.
GILT's unit Gilat DataPath secures more than $5 million in contracts from the U.S. DoD and global defense forces for DKET terminals and FSR support.
GILT wins more than $3 million in orders for Gateway SSPAs, boosting support for LEO satellite constellations with deliveries set for the next 12 months.
Gilat completes its acquisition of Stellar Blu Solutions LLC, strengthening its position in the expanding In-Flight Connectivity market.
Gilat (GILT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Gilat provides satellite-based broadband communications.
The Zacks Satellite and Communication industry players, GSAT, GILT and IRDM, are likely to benefit from higher global connectivity needs and government deals in 2025.
Gilat (GILT) could produce exceptional returns because of its solid growth attributes.