Gilat Secures $18 Million in Orders for In-Flight Connectivity Solutions
Boosting Market Position in IFC Sector
Gilat Satellite Networks Ltd. has made a significant announcement, revealing that it has secured over $18 million in orders for its advanced In-Flight Connectivity (IFC) solutions. The company’s SkyEdge platforms and SSPAs are at the forefront of this development, with deliveries scheduled to take place within the next year.
Meeting Growing Demand for Scalable Connectivity
This milestone reinforces Gilat’s position as a leading player in the IFC sector, highlighting the increasing demand for its cutting-edge connectivity solutions. These solutions offer unparalleled scalability and performance, catering to the evolving needs of the industry.
About Gilat Satellite Networks Ltd.
As a prominent global provider of satellite-based broadband communications, Gilat focuses on delivering comprehensive and secure end-to-end solutions for mission-critical operations. The company’s diverse portfolio includes high-value solutions for multiple orbit constellations, satellite terminals, and advanced satellite antennas, serving a wide range of applications such as broadband access, mobility, and defense.
Key Stock Metrics
Gilat’s stock performance has been notable, with a year-to-date price performance of -2.45%. The average trading volume stands at 255,864, and the technical sentiment consensus rating is currently “Sell”. The company’s market capitalization is $339.8 million.
Get In-Depth Analytics on GILT Stock
For a more detailed analysis of Gilat’s stock, visit TipRanks’ Stock Analysis page, where you can access comprehensive data and expert insights to inform your investment decisions.
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