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PETAH TIKVA, Israel - Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE:GILT), a prominent provider of satellite networking technology, announced today that its Commercial Division has secured a $27 million contract for its Gilat Stellar Blu™ ESA Terminal technology. The company, currently valued at approximately $349 million, anticipates that the bulk of deliveries will occur over the next 12 months. According to InvestingPro analysis, Gilat appears undervalued based on its Fair Value assessment, with analysts maintaining a strong buy consensus.
The Gilat Stellar Blu™ technology is known for its compact and high-performance capabilities, tailored to meet the growing connectivity requirements of commercial, business, and defense aviation markets. The technology is engineered to support high-capacity communications and offers the flexibility and scalability needed for next-generation aviation networks.
Tracy Trent, President of Gilat Stellar Blu, stated that this agreement marks a significant advancement in the expansion of their Sidewinder platform. He emphasized the role of their innovation in fostering agile and scalable airborne communication solutions critical to commercial, business, and defense sectors.
The demand for airborne communications is on the rise, with consistent investment from various sectors, indicating a robust market trajectory for advanced connectivity solutions globally.
Gilat has over 35 years of experience in the field and provides a broad range of satellite-based broadband communications solutions and services. The company’s portfolio includes cloud-based platforms and modems, satellite terminals, on-the-move antennas, and power amplifiers, catering to a diverse client base across governmental, defense, and commercial applications. With an overall financial health score rated as GOOD by InvestingPro, which offers comprehensive analysis and additional ProTips in its detailed Research Report, the company demonstrates strong operational efficiency with a gross profit margin of 35.4%.
The press release also contained forward-looking statements that are subject to risks and uncertainties, which could cause actual results to differ materially from those projected.
This announcement is based on a press release statement from Gilat Satellite Networks Ltd. and reflects the company’s current expectations for their ESA Terminal technology’s market impact and delivery timeline.
In other recent news, Gilat Satellite Networks Ltd. announced first-quarter 2025 results that did not meet analyst expectations. The company reported adjusted earnings per share of $0.03, falling short of the projected $0.07. Revenue was $92 million, slightly below the anticipated $94.47 million, although it represented a 21% increase from the previous year. Despite these results, Gilat maintained its full-year 2025 revenue guidance of $415 million to $455 million, aligning with analyst consensus. Additionally, Gilat secured a $40 million contract for its SkyEdge IV platform, set to be delivered over the next 24 months, which is a significant step in its satellite networking advancements. The company also received over $25 million in orders from global satellite operators, highlighting the industry’s confidence in its technology. These developments reflect Gilat’s strategic focus on expanding its capabilities in satellite communications.
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