Gilat
German launch startups win DLR funds • Comtech wants out of Gilat merger • ClearSpace forming debris removal team
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TOP STORIES
Spire, Kleos Space partner on maritime tools • Brazilian court blocks SGDC-2 acquisition • Gilat revenues down but profits up
Spire and signal-mapping company Kleos Space have teamed up to develop maritime safety tools focused on detecting “dark vessels” from space.
Gilat issues $25 million dividend while pumping R&D
CEO Yona Ovadia said Gilat had $104 million on hand as of Dec. 31 and will have sufficient resources for significant financial plays even after subtracting the dividend.
FIRST UP Satcom | Viasat wins $122.5M FCC subsidy • Gilat suppling ground equipment for Yamal-601 • Avanti eyes DoD business with Comsat
FIRST UP Satcom is a weekly SpaceNews newsletter for satellite and telecom professionals.
FIRST UP Satcom | India to reduce foreign satellite use • Boeing revenues up • Facebook internet satellite in the works
FIRST UP Satcom is a weekly SpaceNews newsletter for satellite and telecom professionals.
Gilat courts mobile telcos with self-funded satellite networks
Satellite hardware and network builder Gilat of Israel, seeking to interest cellular operators in expanding their reach by satellite, is pressing forward with a strategy of building the entire network for them in exchange for multi-year commitments to pay for the service.
SES announces Facebook order for African satellite capacity
Satellite fleet operator SES on April 27 said Internet social-media giant Facebook had leased capacity on three in-orbit SES satellites to provide Wi-Fi connectivity in sub-Saharan Africa.
Gilat Hit by Delays in U.S. Government Contracts
Satellite broadband ground hardware manufacturer Gilat Satellite Networks on Aug. 12 reported lower revenue and profit, saying expected U.S. government contracts had not materialized and that commercial business was also slow in coming.
Gilat CEO Steps Down as Firm Looks Beyond DoD for Business
Gilat’s second senior management change this year comes as the satellite terminal manufacturer shifts its focus from military markets to faster-growing commercial businesses
Ground Equipment Maker Gilat Expects To Shake Off Revenue Slump Soon
Gilat Satellite Networks said its business, both military and civil/commercial, is on the upswing and should improve markedly by late this year.
Gilat Backlog Doubles Amid Sharp Declines in Sales and Earnings
Gilat reported sharply lower revenue and operating earnings for 2013 but said its backlog rose on South American government broadband-deployment contracts.
Satellite Telecom | Gilat To Continue Supplying Colombian Digital Initiative
Gilat will supply satellite network hardware and services to the Colombian government.
Gilat Again Lowers Revenue Forecast, Cites Snag in Spacenet Sale
Gilat Satellite Networks lowered its 2013 revenue and profit forecast for the second time in four months as expected Latin American contracts were delayed and its Pentagon business continued to suffer from pressure on U.S. military spending.
After Disappointing Quarter, Gilat Sells Spacenet Business
Spacenet is being sold to Tulsa, Okla.-based SageNet for about $16 million.
Gilat Takes $31.9M Wavestream Hit in Face of Pentagon Uncertainty
Gilat said it will take an impairment charge on its Wavestream division because of Pentagon budget uncertainty.
Profile | Erez Antebi, Chief Executive, Gilat Satellite Networks
Satellite networking equipment provider Gilat Satellite Networks is looking past the current U.S. government budget turmoil to the day when the U.S. and other militaries are broadband-equipped just about down to the last pair of field binoculars.
