Gilat Awarded Multimillion-Dollar Defense Satellite Connectivity Project

PETAH TIKVA, Israel, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the company was awarded a multimillion-dollar defense satellite connectivity project.

Gilat’s SkyEdge IV platform and Taurus-M modems will be augmenting the advanced satellite communications capabilities for a leading governmental defense organization.

SkyEdge IV is Gilat's next generation multi-service platform built to work in harmony with multi-orbit (GEO, MEO and LEO) software-defined satellite constellations. It supports cloud infrastructure and an Elastix-Access Scheme to address the current and future needs for satellite connectivity with the ability to support large and scalable networks.

The SkyEdge IV Taurus-M is a satellite modem with a low SWAP (Size, Weight, and Power) that’s ideal for armored fighting vehicles and man-pack deployment. Specifically designed for military and government markets and compliant with MIL-STD-810 standards, it is a fast-to-deploy, easy-to-operate, ruggedized modem that offers highly available, high-speed satellite communications for stationary and on-the-move (SOTM) operations.

"Gilat has identified the defense segment as one of its main growth engines and this program is one of many Gilat is targeting with its leading product portfolio aimed at this segment. Gilat’s SkyEdge IV platform and Taurus-M modems are addressing the market demands for rugged, high-performance equipment for mobile satellite communications," said Ori Naor, Gilat's Vice President of Sales and Business Development for Defense. "The SkyEdge IV platform puts the customer at the forefront of satellite communications by enabling the utilization of multi-orbit constellations, giving its military end users the high performance, reliability, and secured communication services they need for boundless communications.”

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 create and deliver deep technology solutions for satellite, ground and new space connectivity and provide comprehensive, secure end-to-end solutions and services for mission-critical operations, powered by our innovative technology. 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.

Our portfolio includes a diverse offering to deliver high value solutions for multiple orbit constellations with very high throughput satellites (VHTS) and software defined satellites (SDS). Our offering is comprised of a cloud-based platform and high-performance satellite terminals; high performance Satellite On-the-Move (SOTM) antennas; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense, field services, network management software, and cybersecurity services.

Gilat’s comprehensive offering supports multiple applications with a full portfolio of products and tailored solutions to address key applications including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit:

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 current terrorist attacks by Hamas, and the war and 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 Products and Marketing Officer

EK Global IR

Ehud Helft, Managing Partner