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Gilat Receives over $14M in Orders Expanding Further into the IFC Market

PETAH TIKVA, Israel, June 27, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that it has secured over $14 million in orders from several prominent service providers and system integrators for its In-Flight Connectivity (IFC) products and solutions. These include Network equipment, Solid State Power Amplifiers (SSPAs), and additional IFC auxiliary products. These orders demonstrate the company's leadership position in the growing IFC market for commercial and business aviation. This position will be significantly strengthened with Gilat's recent acquisition of Stellar Blu Solutions. Gilat's airborne solutions, renowned for their superior performance, reliability, and user experience, are deployed globally and on thousands of IFC enabled aircraft. "We are proud to be selected by leading satellite operators, service providers and system integrators to supply crucial next-generation technology for IFC services, both through follow-on orders and new business partnerships," said Hagay Katz, Chief Product and Marketing Officer at Gilat. "As the demand for IFC capabilities continues to grow rapidly, Gilat remains committed to providing the most advanced and comprehensive solutions portfolio to meet a wide range of requirements." About Gilat Gilat Satellite Networks Ltd. ...