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Gilat Awarded Over $8 Million from Israel's Ministry of Defense for Strategic Defense Communication Solutions

1. Gilat's defense division secured an $8 million contract from Israel's Ministry of Defense. 2. The contract involves advanced satellite communication systems for military applications. 3. Deliveries of the systems are scheduled over the next 12 months. 4. This win showcases Gilat's strategic focus on the Israeli defense market. 5. Gilat is unifying its defense offerings to enhance capability and innovation.

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Why Bullish?

The contract signifies strong revenue potential, reflecting confidence from the defense sector. Historical trends show similar contracts bolstering stock valuations in defense-oriented tech firms.

How important is it?

The solid contract from a government entity indicates ongoing demand for Gilat's technology, crucial for driving stock performance.

Why Short Term?

Immediate revenue from the contract will impact the next quarter's earnings report, reflecting short-term gains.

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PETAH TIKVA, Israel, July 29, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its defense division, Gilat Defense, has been awarded a contract valued at over $8 million by Israel’s Ministry of Defense for the delivery and integration of satellite communication systems and services. Deliveries are expected in the next 12 months. The contract includes deployment of advanced SATCOM systems tailored to meet the operational requirements of Israel’s defense forces. These systems are engineered for operation in harsh and unpredictable environments, making them ideal for a wide range of military communication needs. “The Israeli defense market was identified as a strategic priority for Gilat and this important win demonstrates the results of that focus,” said Gilad Landsberg, President of Gilat Defense. “It also highlights the strength of our unified defense offering, bringing together Gilat, Gilat Wavestream, and Gilat DataPath into one cohesive team that delivers a level of capability and innovation far beyond the individual parts.” 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 develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. 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. Together with our wholly owned subsidiaries, Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu, we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a cloud-based platform and modems; high-performance satellite terminals; advanced Satellite On-the-Move (SOTM) antennas and ESAs; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services. Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to Israel’s preemptive strike against Iran’s nuclear project and the continued hostilities between Israel and Iran, and the hostilities between Israel and Hamas. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason. Contact: Gilat Satellite Networks Hagay Katz, Chief Product and Marketing Officer hagayk@gilat.com Alliance Advisors: GilatIR@allianceadvisors.com Phone: +1 212 838 3777

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