Investing.com -- Shares of Gilat Satellite Networks Ltd (NASDAQ:GILT). (NASDAQ:GILT, TASE:GILT) climbed 5.6% in premarket trading after the company’s Defense Division secured a multimillion-dollar order from a Global Defense Organization. The order, announced on April 15, 2025, involves the supply of advanced antenna technology, which will be integrated into the organization’s defense communication systems, with deliveries expected towards the end of 2025.
Gilat is recognized for its satellite networking technology, solutions, and services, and this recent order underscores the company’s role in providing secure and resilient connectivity for defense applications. The technology is designed to ensure reliable communication under challenging conditions, a critical requirement for defense organizations that need to maintain connectivity in various operational scenarios.
The company’s president of Gilat Defense, Gilad Landsberg, commented on the significance of the order, stating, "This order builds on our strong partnership, reflecting the trust earned through consistent performance and technological excellence." Landsberg’s remarks highlight Gilat’s ongoing commitment to supporting the missions of its defense partners with advanced communication solutions.
While the financial details of the order were not disclosed, the announcement has positively influenced investor sentiment, as evidenced by the premarket stock movement. The order represents a continuation of Gilat’s efforts to expand its presence in the defense sector, a strategic move that aligns with the company’s expertise in high-performance satellite communication technologies.
Investors are likely to keep a close eye on Gilat’s progress as it prepares for the scheduled deliveries and continues to develop its defense technology offerings. The company’s ability to secure such contracts may be indicative of its competitive position in the market and its potential for growth in the defense communications domain.
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