Gilat Wins $11M U.S. Department of War Orders for Defense Connectivity
GILT sits 86% above its 52-week low of $7.01.
Summary
Gilat Satellite Networks secured $11 million in new orders from the U.S. Department of War for field services and custom SATCOM terminals, with deliveries expected over the next 12 months. This builds on previous defense orders, including $43 million in June and $7 million in April, strengthening Gilat's position in mission-critical defense connectivity. The consistent flow of orders from a key customer like the U.S. Department of War indicates strong demand for Gilat's specialized solutions.
At the time of this announcement, GILT was trading at $13.03 on NASDAQ in the Technology sector, with a market capitalization of approximately $990.2M. The 52-week trading range was $7.01 to $20.93. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.