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Gilat Receives a Multimillion Order from a Global Defense Organization

1. Gilat received a multimillion order for advanced antenna technology. 2. The order is for a global defense organization’s communication systems. 3. Deliveries are scheduled for the end of 2025. 4. Gilat aims to support secure connectivity under demanding conditions. 5. This contract reflects trust in Gilat's technological excellence.

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Why Bullish?

The new order from a defense organization signifies increased revenue potential and market confidence, akin to past major contracts that positively influenced GILT’s stock price.

How important is it?

The article highlights a significant contract that directly impacts revenue stability and growth potential for GILT, warranting a high relevance score.

Why Long Term?

The contract's value will bolster GILT's financials over time, similar to prior multi-year contracts in the defense sector which had lasting benefits.

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LHXBANOC
PETAH TIKVA, Israel, April 15, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today its Defense Division received a Multimillion order from a Global Defense Organization for the supply of advanced antenna technology to be integrated into the organization’s advanced defense communication systems. Deliveries are scheduled towards the end of 2025. Gilat’s antenna solutions are designed to support secure and resilient connectivity under the most demanding conditions, helping defense organizations stay connected, anywhere, anytime. This win reflects Gilat’s ongoing commitment to delivering high-performance solutions that meet the stringent requirements of defense applications worldwide. “This order builds on our strong partnership, reflecting the trust earned through consistent performance and technological excellence,” said Gilad Landsberg, President of Gilat Defense. “It highlights the value our partners place on our advanced defense communications and our ongoing commitment to their missions.” 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 Officerhagayk@gilat.com Alliance Advisors: GilatIR@allianceadvisors.com Phone: +1 212 838 3777

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