Gilat Satellite NetworksGILT
Price$9.84Intrinsic value$5.7142% below price

Qualitative Analysis

Business overview

Business Overview

Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications technology and services. With over 35 years of industry experience, the company designs and manufactures ground-based satellite communications equipment, including very small aperture terminals (VSATs), modems, solid-state power amplifiers (SSPAs), block upconverters (BUCs), and low-profile antennas. Gilat operates through three primary business segments: Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects. The company serves mobile network operators, defense organizations, satellite operators, and system integrators, enabling critical connectivity across commercial, aerospace, and defense applications worldwide.

Research as of 19 Jun 2026

Strategic Initiatives

Growth programs, investments, and their expected impact

AI-assisted
Multi-Orbit In-Flight Connectivity (IFC) ExpansionGrowth

Expanding presence in the commercial and business aviation markets by leveraging the newly acquired Stellar Blu electronically steered antenna (ESA) technology, specifically the Sidewinder multi-orbit terminal.

Expected impact: Positions Gilat as a market leader in ESA applications, with Stellar Blu projected to generate $120 million to $150 million in annual revenues.

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InvestmentInitial acquisition cost of $98 million in cash plus up to $147 million in milestone-based earn-outs.
TimelineOngoing, with a major milestone achieved in May 2026 through a line-fit agreement with Boeing.
Defense SATCOM and Tactical Unmanned PlatformsExpansion

Deepening penetration into the defense sector by introducing advanced tactical communication solutions, such as the Viper Ka-band Electronically Steered Antenna for UAVs and unmanned platforms.

Expected impact: Strengthens Gilat's position in mission-critical military communications and expands its addressable defense market.

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InvestmentFunded through internal R&D and strategic M&A.
TimelineUnveiled at Eurosatory in June 2026.

Mergers, Acquisitions & Partnerships

Recent deals and strategic collaborations

AI-assisted

Recent Acquisitions

Satellite & Space Communications segment of Comtech Telecommunications Corporation$157.5M
Announced 15 Jun 2026

To accelerate Gilat's transformation into a leading provider of mission-critical defense and satellite communications solutions, more than doubling Gilat's defense revenues and significantly expanding its U.S. presence, manufacturing footprint, and engineering capabilities.

Financial impact: Expected to create a combined organization with annual revenues exceeding $700 million and adjusted EBITDA of $80 million.

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Stellar Blu Solutions LLC$98M
Announced 17 Jun 2024

To supercharge Gilat's growth in the In-Flight Connectivity (IFC) market by integrating Stellar Blu's next-generation electronically steered antenna (ESA) terminal solutions with Gilat's existing IFC modems and amplifiers.

Financial impact: Expected to add $120 million to $150 million in annual revenues for 2025, with EBITDA margins projected to exceed 10% once target manufacturing capacity is reached in the second half of 2025.

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Strategic Partnerships

NelcoStrategic Commercial Agreement

Nelco selected Gilat's SkyEdge IV hub platform to deploy an advanced Ka-band satellite communication network in India using GSAT-N2 high-throughput satellite capacity, targeting aero IFC, cellular backhaul, and remote enterprise connectivity.

Terms: Multimillion-dollar order with deliveries expected over 12 months.

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The Boeing CompanyTechnical & Commercial Integration Partnership

Collaborating to offer Gilat's multi-orbit Sidewinder electronically steered antenna (ESA) as a future line-fit solution for in-flight connectivity service providers on Boeing aircraft.

Terms: Terms not publicly disclosed; milestone-based certification agreement.

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AI-assisted, source-linked narrative; figures from company filings (SEC EDGAR) and market data. Dates shown per section. Not investment advice. Terms of Use.