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PETAH TIKVA, Israel - Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT), a satellite communications company with a market capitalization of $541 million, announced Wednesday that its subsidiary Gilat DataPath has secured a contract worth over $7 million to provide transportable satellite communication terminals to the U.S. Department of Defense through a prime contractor.
The contract includes multiple units of the company’s DKET 3421 transportable terminals along with support services, with deliveries expected by the end of 2025, according to a company press release. According to InvestingPro data, Gilat has demonstrated strong growth with revenue increasing by 19.67% over the last twelve months, suggesting robust demand for its solutions. Additional insights about Gilat’s growth trajectory are available through InvestingPro’s comprehensive analysis tools.
The DKET 3421 terminals are described as field-proven, rugged solutions that support multi-carrier operations with a scalable modem architecture capable of handling up to 32 modems.
"Gilat DataPath takes great pride in being a supplier of cutting-edge DKET solutions to the government and military community for almost 30 years," said Nicole Robinson, President of Gilat DataPath, in the statement.
The company noted that demand for transportable satellite communication solutions continues to grow as defense organizations seek rapid-deployment systems for resilient communications in dynamic environments.
Gilat Satellite Networks, headquartered in Israel, provides satellite-based broadband communications with over 35 years of experience in the industry. The company operates through several wholly owned subsidiaries including Gilat DataPath, Gilat Wavestream, and Gilat Stellar Blu.
In other recent news, Gilat Satellite Networks Ltd. reported impressive financial results for the second quarter of 2025, significantly surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.21, which was a substantial increase compared to the projected $0.04, marking a 425% earnings surprise. Additionally, Gilat’s revenue reached $105 million, exceeding the forecasted $100.99 million. These results highlight the company’s strong performance and have contributed to heightened investor confidence. The earnings announcement was a notable development for the company, drawing attention from various stakeholders. While analyst upgrades or downgrades were not mentioned, the financial outcomes alone have been a focal point for investors. This financial performance places Gilat Satellite Networks in a favorable position as it continues to navigate the market landscape.
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