Gilat Satellite Networks Ltd. (NASDAQ: GILT) was awarded multimillion-dollar orders from SES as the companies extend global strategic cooperation. SES, in cooperation with Gilat, is expanding its SATCOM business reach utilizing Gilat’s SkyEdge IV multi-orbit, multi-service capabilities.
These activities represent follow-on orders stemming from the strategic partnership formed with the selection of Gilat’s SkyEdge IV platform for SES’s second-generation medium earth orbit satellite system, O3b mPOWER, and for SES’s geostationary very high throughput satellite, SES-17. SkyEdge IV is a key enabler to such business as it operates simultaneously on both GEO and the MEO constellation.
With these new orders, the companies are increasing their reach across multiple verticals, including maritime mobility, cellular backhaul, and fixed data. This increased reach is enabled with the deployment of the SkyEdge IV platform at additional gateways worldwide.
"We are proud to provide SES with SkyEdge IV, Gilat's most advanced technological platform to support its growing multi-orbit business objectives," said Amir Yafe, VP of Mobility & Global Accounts at Gilat. “Working together as strategic partners, we’re able to take an active role in addressing the growing demand for satellite communications services all over the world for both fixed and mobility applications.”
With 30 years of experience, Gilat designs and manufacture cutting-edge ground segment equipment, and provide comprehensive solutions and end-to-end services, powered by our innovative technology.
GILT shares dropped two cents early Tuesday to $6.11
