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Gilat Receives $6 Million Defense Contract to Provide Military Communications Solutions in Asia-Pacific

1. Gilat secured a $6 million order for SkyEdge II-c in Asia-Pacific. 2. SkyEdge II-c ensures secure connectivity for military operations. 3. Delivery of the satellite solution is expected within three months. 4. This contract highlights Gilat's strong position in defense communications. 5. Gilat continues to expand its defense operations internationally.

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Why Bullish?

The $6 million contract not only strengthens Gilat's revenue but also boosts its market position. Historically, new contracts in defense have led to stock price increases for technology firms due to heightened investor confidence.

How important is it?

This contract indicates growing acceptance of Gilat's products in defense markets, crucial for investor sentiment. The focus on the Asia-Pacific region is strategic, aligning with increased military spending and modernization efforts.

Why Short Term?

Immediate revenue from the contract will likely affect Q2 earnings positively. Short-term market reactions often reflect contract announcements quickly as investors anticipate future revenue.

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LMTNOCBA
PETAH TIKVA, Israel, March 05, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced its Defense Division secured an order valued at $6 million to provide the SkyEdge II-c platform to a military organization in the Asia-Pacific region. The advanced satellite communications solution will support both fixed and mobility sites, ensuring secure and reliable connectivity for critical defense operations with enhanced air interface cyber security. Delivery is expected over the next 3 months. Gilat’s SkyEdge II-c platform is designed to meet the demanding requirements of military communications, providing high resilience, efficiency, and robust security for mission-critical applications. This contract underscores the confidence in Gilat’s field-proven technology and the company’s long-standing expertise in delivering advanced satellite solutions for defense organizations worldwide. “We continue expanding our operations in the defense market both in and out of the US and are proud to support the growing needs of military forces in the Asia-Pacific region with our state-of-the-art satellite communications technology,” said Gilad Landsberg, President of Gilat Defense. “This contract reaffirms our position as a trusted provider of secure and resilient SATCOM solutions, enabling seamless operations across diverse and challenging environments.” 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 the terrorist attacks by Hamas, and the hostilities between Israel and Hamas and Israel and Hezbollah. 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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