Gilat Satellite Networks Subsidiary Selected by VSAT for $27M Contract

Spacenet Inc., a wholly owned subsidiary of Gilat Satellite Networks Ltd.

today announced that it was selected to continue its provision of VSAT network services to a major retailer with thousands of locations in the U.S. This 5 year extension to 2018, with the 2 years remaining on previously scheduled services, brings the contract value to $27 million. With potential store expansions, the contract value could grow to $35 million.