Gilat Satellite Networks Ltd. (NASDAQ:GILT) saw its stock rise 3.4% on Tuesday after the company revealed it has won a contract valued at roughly $10 million to supply a tailored Earth Observation Solution.
The project, scheduled for delivery over the next year, marks a strategic push for Gilat as it broadens its capabilities beyond traditional satellite communications and into the fast-growing fields of earth monitoring and geospatial intelligence.
Under the agreement, Gilat will deploy a system that leverages satellites equipped with multiple sensors to generate real-time intelligence for applications such as surveillance, reconnaissance, and situational awareness. At the center of the offering is what Gilat calls a “first-to-market, transportable direct downlink terminal” that provides secure access to earth observation data even in remote or austere conditions.
Nicole Robinson, President of Gilat DataPath, emphasized the increasing importance of these capabilities:
“Nations today rely on resilient, mission-tailored insights and intelligence as they seek to understand the security environment, humanitarian assistance and first responder efforts.”
She added that the contract highlights the trust placed in Gilat’s ability to adapt its long-established satellite terminal technologies to new, specialized Earth observation use cases.
Based in Israel, Gilat Satellite Networks serves governments, enterprises, and consumer markets worldwide with satellite-based broadband solutions.