Gilat Wins $28M Peru Broadband Contract, Fifth Region Since 2025
GILT is trading near its 52-week low of $9.37 (6.7% above the low).
Summary
Gilat's Peruvian subsidiary signed a $28 million agreement with Pronatel to upgrade broadband connectivity across the Ica region. The project includes construction through mid-2027 and a seven-year operational phase, delivering speeds 20 times faster to 116 public institutions and free Wi-Fi in 30 public squares. This is the fifth Peruvian region awarded since 2025, reinforcing Gilat's regional footprint. The contract adds to a string of recent wins, including a $32M+ U.S. Department of War order in September and a $157.5M Comtech acquisition in August. Revenue recognition will be spread over the construction and operational phases, providing multi-year visibility.
At the time of this announcement, GILT was trading at $10.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $772.6M. The 52-week trading range was $9.37 to $20.93. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.