Shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) climbed 4.3% after the satellite communications provider announced it has received more than $22 million in new equipment orders from top-tier satellite operators around the world.
The incoming orders, which will be fulfilled over the next year, come from multiple customers across different orbital segments—including geostationary (GEO), medium-earth orbit (MEO), and low-earth orbit (LEO) constellations. Gilat reported strong momentum, particularly in the fast-growing in-flight connectivity (IFC) segment.
The orders highlight robust demand for the company’s advanced technology solutions, including ground infrastructure, network management systems, and purpose-built products for broadband and mobile satellite communications. These systems are engineered to meet the rigorous scalability and performance needs of next-generation networks.
“Our ongoing partnership with leading satellite operators underscores Gilat’s critical role in the evolution of satellite connectivity,” said Ron Levin, President of Gilat’s Commercial Division. “These new orders demonstrate confidence in our capabilities to support large-scale, high-performance deployments while reinforcing our position as a key enabler across all orbital architectures.”
As satellite operators race to expand their service offerings, Gilat is actively expanding its multi-orbit platform to address rising global demand for high-speed broadband, mobility, and enterprise connectivity. The company aims to remain a vital technology partner powering advanced communications across diverse applications and geographies.
Gilat Satellite Networks stock price
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