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[BUSINESS] · United States · 2 sources

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Part of situation: Gilat Satellite Networks defense contract expansion (2 clusters)

Gilat DataPath secures $8 million in U.S. defense orders

satellite communications SATCOM upgrades defense contracts military communications NASDAQ:GILT

Gilat DataPath, a division of Gilat Satellite Networks Ltd., has secured orders exceeding $8 million from the U.S. Department of War. The contracts are designated for field services and SATCOM system upgrades intended to support deployed military communications systems.

Deliveries for these orders are expected to occur over the next 12 months. The upgrades aim to maintain existing capabilities while adapting networks to meet new mission requirements and evolving operational needs.

In related market activity, Gilat Satellite Networks (NASDAQ: GILT) experienced a 24% increase in trading volume during mid-day trading, with nearly one million shares changing hands. While the stock recently saw a slight decline, Needham & Company LLC has maintained a 'buy' rating with a $20.00 price target.

Entities

Gilat DataPath · Gilat Satellite Networks Ltd. · U.S. Department of War

Sources

Field services and SATCOM upgrade orders expand Gilat Defense’s presence across U. S. defense programs - European Security & Defence [euro-sd.com]
Gilat Satellite Networks (NASDAQ:GILT) Sees Large Volume Increase - Here's Why [www.marketbeat.com]