Information
New orders for Linefit and Retrofit installations underscore rising global demand for Gilat's advanced Multi Orbit ESA technology PETAH TIKVA, Israel, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd.
Original sourceAI Summary
Gilat Satellite Networks has secured $39 million in orders for its Sidewinder ESA terminals, as demand for high-quality in-flight broadband solutions accelerates. Deliveries are planned over the next 12 months, positioning Gilat favorably in a growing market for advanced satellite communication technologies.
Sentiment Rationale
The secured orders provide strong revenue potential, similar to past order boosts that led to price jumps for GILT. Additionally, market conditions indicate a growing demand for in-flight connectivity technologies.
Trading Thesis
GILT is poised for short-term price appreciation due to strong orders and market demand.
Market-Moving
- The $39 million order signals strong demand for Gilat's ESA technology.
- Accelerating demand for in-flight connectivity may lead to increased future orders.
- Deliveries over 12 months could enhance revenue visibility and investor confidence.
Key Facts
- Gilat received $39 million in orders for ESA terminals.
- Orders include both linefit and retrofit installations.
- Demand for high-quality in-flight broadband is rising globally.
- Gilat's Sidewinder ESA terminal supports multi-orbit connectivity.
- Deliveries expected over the next 12 months.
Companies Mentioned
- Gilat Satellite Networks (GILT): Strengthening market position with new orders amid rising demand.
Corporate Developments
This announcement falls under 'Corporate Developments' as it reveals new orders confirming growth potential. Such developments are critical indicators of market trends and can affect investor sentiment significantly.