Gilat Lands $20M+ SkyEdge Order from Top Satellite Operator
GILT sits 71% above its 52-week low of $7.222.
Summary
Gilat secured over $20 million in SkyEdge orders from a leading global satellite operator, with most deliveries expected within 24 months. The deal covers advanced ground systems, network management, and ongoing services, reinforcing demand for multi-orbit connectivity. This follows a string of recent wins, including $43M in Sidewinder ESA orders and an $11M DoD contract, signaling sustained commercial and defense momentum. The order adds to a growing backlog and supports revenue visibility into 2028.
At the time of this announcement, GILT was trading at $12.35 on NASDAQ in the Technology sector, with a market capitalization of approximately $903.2M. The 52-week trading range was $7.22 to $20.93. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.