- Satellite networking technology company Gilat Satellite Networks Ltd (NASDAQ: GILT) won a multi-million-dollar contract to provide satellite communication (SATCOM) equipment to an extensive system integrator for its customer in Asia.
- Gilat’s multi-application platform, SkyEdge II-c, Capricorn VSATs, and TotalNMS will serve the needs of the defense forces to provide tactical SATCOM solutions for mobile platforms and enable efficient communication channels.
- Multiple hubs and hundreds of VSATs will be deployed in redundant configurations to meet the critical security needs, quality, and critical regulatory requirements.
- Price action: GILT shares traded higher by 1.36% at $10.45 in the market session on the last check Wednesday.
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