Ladies and gentlemen, I am invested myself and continue to see potential.
I found the share through my momentum strategy.
I have seen that some people are also invested.
I wish us continued success and will continue to report on Gilat.
PETAH TIKVA, Israel - Gilat Satellite Networks Ltd (NASDAQ:GILT, TASE: GILT), whose share price has risen nearly 98% year-to-date, according to data from InvestingPro , has secured over $7 million worth of contracts through a prime contractor to supply additional transportable SATCOM terminals to the U.S. Army, the company announced Tuesday.
The orders include multiple units of the DKET 3421 transportable terminal and associated support services. Delivery is expected to be completed before the end of 2025.
The DKET 3421 is a WGS-certified, combat-proven terminal for demanding mission requirements. The system is multi-carrier capable and supports up to 32 modems. It therefore offers high data throughput performance for armed forces stationed in the field.
"This latest award reflects the U.S. Army's continued confidence in our DKET technology as an indispensable enabler of a secure and relocatable SATCOM infrastructure for our men and women in uniform," said Nicole Robinson, president of Gilat DataPath, according to the company's press release.
Gilat's DKET platform has been adopted as military organizations increasingly seek flexible and rapidly deployable communications solutions for dynamic environments.
Headquartered in Israel, Gilat Satellite Networks provides satellite-based broadband communications with over 35 years of industry experience. The company develops technology solutions for satellite, ground and new space connectivity for commercial and military applications.
This article was created with AI support and reviewed by an editor
