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Gilat Receives Over $15 Million in Orders from Leading Satellite Operators

1. Gilat receives over $15 million in orders from global satellite operators. 2. Demand spans multi-service applications, emphasizing In-Flight Connectivity. 3. Gilat's solutions support increasing global connectivity needs across satellite constellations. 4. Strong demand reaffirms Gilat's leadership in broadband mobility solutions. 5. Gilat emphasizes commitment to providing communication solutions globally.

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FAQ

Why Bullish?

The significant $15 million orders indicate strong market demand, potentially boosting GILT's stock. Similar past orders led to stock price appreciation based on increased revenue forecasts.

How important is it?

The substantial order flow directly relates to GILT’s operational performance, likely enhancing investor sentiment and confidence. Given Gilat's leadership role, this announcement is crucial for potential market growth.

Why Short Term?

The immediate influx of orders will positively impact revenue, likely reflecting in GILT’s stock price within the next quarter. Historically, announcements of large orders have led to swift market reactions.

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LMTBAVZ
PETAH TIKVA, Israel, April 22, 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 Commercial Division received over $15million in orders from leading global satellite operators. Deliveries are scheduled for throughout 2025.   The orders reflect strong ongoing momentum for Gilat’s equipment and services across GEO, MEO, and LEO Very High Throughput Satellite (VHTS) constellations. The demand spans multi-service applications, with particular emphasis on In-Flight Connectivity (IFC), reinforcing Gilat’s leadership in enabling broadband mobility solutions worldwide. Satellite operators continue to rely on Gilat’s comprehensive solutions for their ability to support a broad range of products and solutions with the flexibility, performance, and scale needed to meet increasing connectivity demands. Our next-generation solutions are designed to deliver efficient, high-performance connectivity across diverse verticals. “These significant orders from some of the world’s most prominent satellite operators reaffirm our position as a trusted partner for enabling next-generation satellite services,” said Ron Levin, President of Gilat’s Commercial Division. “We’re seeing strong and consistent demand for our products and solutions and we’re proud to play a key role in supporting the expansion of global broadband connectivity across LEO, GEO and MEO constellations.” 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 NetworksHagay Katz, Chief Product and Marketing Officerhagayk@gilat.com Alliance Advisors: GilatIR@allianceadvisors.comPhone: +1 212 838 3777

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