Gilat Secures $25M Satellite Orders From Global Operators

Gilat Satellite Networks Ltd. has secured over $25 million in orders from leading global satellite operators, with deliveries planned for 2025 and 2026. These orders reflect growing demand for high-quality broadband connectivity, particularly in the aviation sector, reinforcing Gilat's leadership in In-Flight Connectivity (IFC) solutions. The company offers comprehensive products for multi-orbit constellations, including GEO, MEO, and LEO satellites, covering ground segment infrastructure, network management systems, and value-added services. Analysts maintain a positive outlook on Gilat's stock, with an average target price suggesting a potential upside of approximately 53%, and GuruFocus estimating nearly a 90% upside based on fair value. Despite some near-term technical challenges and margin pressures noted by analysts, the longer-term growth prospects driven by strategic initiatives and sector demand remain strong. Gilat's extensive experience and strong revenue growth underpin its favorable position in the satellite communications market.