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PETAH TIKVA, Israel - Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT), whose stock has surged nearly 98% year-to-date according to InvestingPro data, has secured orders exceeding $7 million to supply additional Transportable SATCOM Terminals to the U.S. Army through a prime contractor, the company announced Tuesday.
The orders include multiple units of the DKET 3421 transportable terminal along with associated support services. Deliveries are scheduled for completion before the end of 2025.
The DKET 3421 is a WGS-certified, combat-proven terminal designed for demanding mission requirements. The system features multi-carrier capability and can support up to 32 modems, providing high-throughput connectivity for forward-deployed forces.
"This latest award reflects the U.S. Army’s continued confidence in our DKET technology as a vital enabler of secure and relocatable SATCOM infrastructure for our men and women in uniform," said Nicole Robinson, President of Gilat DataPath, according to the company’s press release.
Gilat’s DKET platform has been adopted as military organizations increasingly seek flexible and rapidly deployable communications solutions for dynamic environments.
Gilat Satellite Networks, headquartered in Israel, provides satellite-based broadband communications with over 35 years of industry experience. The company develops technology solutions for satellite, ground, and new space connectivity across commercial and defense applications.
The company’s stock is dual-listed on NASDAQ and the Tel Aviv Stock Exchange under the ticker GILT.
In other recent news, Gilat Satellite Networks Ltd. reported outstanding financial results for Q2 2025, significantly surpassing analyst expectations. The company achieved an earnings per share of $0.21, dramatically exceeding the forecasted $0.04, marking a 425% earnings surprise. Additionally, Gilat’s revenue reached $105 million, surpassing the anticipated $100.99 million. In a separate development, Gilat raised $65 million through a private share offering, selling 7,058,820 ordinary shares to Israeli institutional and accredited investors at $9.35 per share. This offering represents approximately 11% of the company’s outstanding ordinary shares post-transaction. Furthermore, Gilat’s subsidiary, Gilat DataPath, secured a contract valued at over $7 million to supply transportable satellite communication terminals to the U.S. Department of Defense. Deliveries under this contract are expected to be completed by the end of 2025. These developments highlight a period of significant activity and growth for Gilat Satellite Networks.
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