Gilat Satellite Networks: Special Call with Jay Woods

Gilat Satellite Networks Ltd. held a special call with Freedom Capital Markets, led by Jay Woods, Chief Global Strategist. The discussion covered various aspects of Gilat's business, including its satellite communications technology and global market opportunities. The call aimed to provide investors with a deeper understanding of the company's growth prospects and strategic direction.

Gilat Satellite Networks Ltd. (GILT) has announced a significant milestone in its defense division, securing a multimillion-dollar contract from Israel’s Ministry of Defense. The contract involves the delivery and integration of advanced satellite communication (SATCOM) systems and related services, scheduled to be completed by the end of 2025 [1].

The agreement highlights Gilat's expertise in providing mission-critical solutions tailored to meet the operational needs of defense forces. The systems are designed to function effectively in challenging and unpredictable environments, making them well-suited for a broad spectrum of military communication requirements [2].

Gilad Landsberg, President of Gilat Defense, expressed pride in delivering a customized, time-sensitive solution for the Israeli Ministry of Defense. He noted that SATCOM is increasingly proving to be a vital tool for defense forces worldwide, reflecting Gilat's ability to address complex operational requirements with speed and precision [2].

The contract underscores Gilat's position as a leading developer and supplier of satellite-based broadband services. The company's defense unit is gaining momentum, driven by increased global investment in secure, mission-critical communication technologies. Gilat's wide-ranging portfolio positions it well to meet this rising demand, making defense a more prominent revenue stream [1].

In the second quarter of 2025, Gilat's Defense division strengthened its growth foundation amid rising global defense spending and demand for secure SATCOM solutions. The company engaged customers across North America, Europe, and Asia-Pacific, leveraging synergies between Gilat DataPath and Wavestream. The Israeli Ministry of Defense placed orders exceeding $8 million for Gilat DataPath systems, underscoring the strength and versatility of its technology [1].

Second-quarter revenues totaled $105 million, marking a 37% increase from the same period last year. Adjusted EBITDA is projected between $50 million and $53 million compared with the earlier range of $47 million to $53 million. Gilat's Zacks Rank & Stock Price Performance GILT currently carries a Zacks Rank #1 (Strong Buy). Shares of the company have soared 98.3% in the past year compared with the Zacks Satellite and Communication industry's growth of 50.9% [1].

Gilat's strategic call with Freedom Capital Markets, led by Jay Woods, Chief Global Strategist, provided investors with a deeper understanding of the company's growth prospects and strategic direction. The discussion covered various aspects of Gilat's business, including its satellite communications technology and global market opportunities.

References:
[1] https://finance.yahoo.com/news/gilat-defense-lands-multimillion-dollar-145100960.html
[2] https://www.morningstar.com/news/globe-newswire/9510832/gilat-receives-a-multimillion-contract-from-israels-ministry-of-defense-for-advanced-strategic-defense-satcom-project