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Stock impact report

US Army Awards $12 Million Contract Extension to Gilat to Sustain Anytime, Anywhere Satellite Connectivity [Yahoo! Finance]

Gilat Satellite Networks Ltd. - Ordinary Shares (GILT) 
US:NASDAQ Investor Relations: gilat.com/investor-relations
Company Research Source: Yahoo! Finance
PETAH TIKVA, Israel, April 02, 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 United States Army awarded a $12 million contract to its subsidiary DataPath, Inc., for the continuation of a program to sustain anytime, anywhere satellite connectivity. The contract is for the supply of Wavestream's Solid State Amplifier (SSPA) products. Wavestream SSPAs are ruggedized to withstand the harshest environments, enabling the Satellite Transportable Terminals (STTs) used in this program to deliver a “Communications-on-the-Pause” solution across diverse climates and conditions around the globe. This award demonstrates Gilat's ability to leverage the capabilities of its two US-based subsidiaries, Gilat Wavestream and DataPath, Inc. “With more than a decade and a half of field-proven performance, the Wavestream 50W Ka SSPA continues to satisfy the Army's Show less Read more
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