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Gilat Satellite Networks Launches New Defense Division - February 2025 Report

$GILT
Form 6-K
Filed on: 2025-02-18
Source
Gilat Satellite Networks Launches New Defense Division - February 2025 Report

Here are the key insights and information extracted from the provided section of the financial report (Form 6-K) from Gilat Satellite Networks Ltd.:

  1. Filing Information:
  • Type: 6-K
  • Date of Report: February 18, 2025
  • Reporting for the month of February 2025.
  1. Company Overview:
  • Name: Gilat Satellite Networks Ltd.
  • Address: Gilat House, 21 Yegia Kapayim Street, Daniv Park, Kiryat Arye, Petah Tikva 4913020, Israel.
  • Stock Listings: NASDAQ (GILT), TASE (GILT).
  1. New Division Announcement:
  • Launch of Gilat Defense Division, aimed at addressing the growing global demand for mission-critical SATCOM (Satellite Communication) solutions.
  • The division will focus on secure, rapid-deployment SATCOM solutions for military and homeland security organizations, government agencies, and defense integrators.
  • Gilad Landsberg appointed as President of the Defense Division.
  1. Strategic Focus:
  • Emphasis on supporting the U.S. Department of Defense (DoD) and allied forces.
  • Integration of technologies from Gilat and its subsidiaries (Gilat DataPath, Gilat Wavestream, and Gilat Stellar Blu) to provide comprehensive solutions with multiple layers of communication redundancy.
  1. Product Offerings:
  • Solutions to be showcased at the Satellite 2025 show in Washington, D.C.
  • Introduction of specific products such as:
    • GLT 1500 terminal
    • DataPath 2.6m antenna solution
    • Aquarius DS Family of products (including Aquarius Pro DS and Aquarius E DS).
  1. Market Position and Commitment:
  • The division aims to provide high-performance connectivity, ensuring reliability in challenging environments.
  • Gilat Defense's solutions are trusted by NATO and global defense forces, highlighting their reputation in the market.
  1. Forward-Looking Statements:
  • The report includes a caution regarding forward-looking statements, indicating potential risks and uncertainties that could affect the company's performance, including market competition, economic conditions, and geopolitical risks associated with its operations in Israel.
  1. Contact Information:
  • Chief Product and Marketing Officer: Hagay Katz (Email: hagayk@gilat.com).
  • Investor Relations contact: Alliance Advisors (Email: GilatIR@allianceadvisors.com, Phone: +1 212 838 3777).

This report indicates a significant strategic move by Gilat Satellite Networks to enhance its presence in the defense sector, reflecting an adaptation to growing market demands for secure communications solutions in military applications.