PARIS — Satellite broadband ground hardware manufacturer Gilat Satellite Networks reported big increases in revenue, operating income and backlog for 2011 and said growth would continue with Ka-band satellite projects sponsored by governments and with defense forces’ increased use of satellites for mobile communications.
PARIS — Satellite ground terminal manufacturer Gilat’s contract to provide the Russian government with Ka-band satellite technology for consumer broadband access could be the company’s biggest deal in the growing Ka-band satellite market, Gilat Chief Executive Amiram Levinberg said Nov. 16.
Gilat Satellite Networks Ltd. of Petah Tikva, Israel, said Aug. 31 that it has been awarded a multimillion-dollar contract to provide a satellite broadband network for security communications in an unnamed Latin American country.
PARIS — Gilat Satellite Networks of Israel will provide Ka-band networking equipment and design Ka-band consumer broadband terminals for SES’s Astra2Connect service as the Luxembourg-based fleet operator moves the service from Ku-band starting in late 2012, Gilat and SES announced Aug. 1.
PARIS —Satellite broadband hardware and service provider Gilat Satellite Networks reported double-digit increases in revenue and operating profit for the three months ending March 31 and said the results came despite a minimal contribution from a new subsidiary focused on the U.S. military space market.
PARIS — Satellite ground terminal and services provider Gilat Satellite Networks on Feb. 22 said demand from corporate networks, lottery systems and government-backed rural telecommunications projects will boost its revenue in 2011 after a generally flat 2010.
Satellite ground terminal and services provider Gilat Satellite Networks Ltd. said Nov. 29 it had completed its $130 million acquisition of Wavestream Corp., a San Dimas, Calif.-based company that manufactures solid-state power amplifiers for satellites.
PARIS — Satellite broadband hardware and service provider Gilat Satellite Networks on Nov. 17 reported slightly higher revenue for the three months ending Sept. 30 after one-time gains are excluded and said its recent acquisitions have positioned the company to enter the U.S. defense market.
NEW YORK — Satellite ground terminal and services provider Gilat is purchasing satellite power-amplifier manufacturer Wavestream for $130 million in cash in Gilat’s latest bid to raise its profile for military and other government markets, particularly in the United States, Gilat announced Oct. 13.
Gilat Satellite Networks Ltd. said Sept. 28 it had signed a corporate sourcing contract with France Telecom SA that paves the way for the Israeli company to provide the telecom giant with satellite communications equipment. As a result of the agreement, Orange Business Services, the enterprise communications arm of France Telecom, has installed a Gilat SkyEdge 2 hub at its Bercenay-en-Othe teleport in France to facilitate the operations of a new cellular backhaul network in Niger.
Gilat Satellite Networks Ltd. of Israel said Aug. 17 that it will receive $24 million in cash for its stake in Axolotl, a health information technology firm being acquired by Ingenix of Eden Prairie, Minn.
WASHINGTON — Satellite ground terminal manufacturer Gilat Satellite Networks on March 17 announced it is purchasing privately held mobile satellite antenna builder Raysat Antenna Systems for $25 million in cash as part of Gilat’s stated policy of bolstering its product portfolio for business with the U.S. Defense Department.
PARIS — Satellite ground terminal manufacturer Gilat Satellite Networks, ending a year it would rather forget, on Feb. 16 reported lower revenue and gross income for 2009 but said a broad cost-cutting effort permitted the company to report a small net profit compared with a loss in 2008.
PARIS — A co-founder of satellite ground segment provider Gilat Satellite Networks of Israel has settled insider trading charges with the U.S. Securities and Exchange Commission (SEC), agreeing to pay more than $383,000 in fines and reimbursement of profit without admitting or denying the allegations, the SEC announced Feb. 3.