Gilat Satellite Networks (GILT) Soars 12.24% on $22M Orders

Gilat Satellite Networks (GILT) shares surged 12.24% intraday, marking a two-day winning streak with a cumulative gain of 8.03%. The stock price reached its highest level since April 2022, reflecting strong investor confidence and market momentum.

Gilat Satellite Networks has recently secured over $22 million in new orders from Tier-One satellite operators. These orders span GEO, MEO, and LEO Very-High-Throughput Satellite (VHTS) constellations, highlighting the company's multi-orbit strategy. The contracts, particularly in the rapidly expanding In-Flight Connectivity (IFC) market, demonstrate growing customer confidence in Gilat's technology offerings, including ground-segment infrastructure, mobility solutions, and broadband products. The size and nature of these orders suggest potential incremental top-line growth and further penetration in high-growth markets.