Business
Gilat Receives over $14M in Orders Expanding Further into the IFC Market
IFC Solution Orders Secured from New Partnerships and Existing Customers PETAH TIKVA, Israel, June 27, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd.
About this update from Gilat Satellite Networks Ltd.
[{"type":"text","content":"IFC Solution Orders Secured from New Partnerships and Existing Customers\nPETAH TIKVA, Israel, June 27, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that it has secured over $14 million in orders from several prominent service providers and system integrators for its In-Flight Connectivity (IFC) products and solutions. These include Network equipment, Solid State Power Amplifiers (SSPAs), and additional IFC auxiliary products. These orders demonstrate the company’s leadership position in the growing IFC market for commercial and business aviation. This position will be significantly strengthened with Gilat’s recent acquisition of Stellar Blu Solutions. Gilat’s airborne solutions, renowned for their superior performance, reliability, and user experience, are deployed globally and on thousands of IFC enabled aircraft. “We are proud to be selected by leading satellite operators, service providers and system integrators to supply crucial next-generation technology for IFC services, both through follow-on orders and new business partnerships,” said Hagay Katz, Chief Product and Marketing Officer at Gilat. “As the demand for IFC capabilities continues to grow rapidly, Gilat remains committed to providing the most advanced and comprehensive solutions portfolio to meet a wide range of requirements.” About Gilat Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we create and deliver deep technology solutions for satellite, ground, and new space connectivity and provide comprehensive, secure end-to-end solutions and services for mission-critical operations, powered by our innovative technology. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world. Our portfolio includes a diverse offering to deliver high-value solutions for multiple orbit constellations with very high throughput satellites (VHTS) and software-defined satellites (SDS). Our offering is comprised of a cloud-based platform and high-performance satellite terminals; high-performance Satellite On-the-Move (SOTM) antennas; highly efficient, high-...