Gilat Wins Defense Support Deal Worth Up To $23 Million For Global SATCOM Services

Gilat Satellite Networks Ltd. GILT announced on Monday that it has secured a contract to deliver ongoing sustainment and support services for Satellite Transportable Terminal (STT) units deployed globally in support of U.S. Department of Defense (DoD) operations.

The agreement includes a base term with optional extensions of up to five years, bringing the total potential contract value to $23 million.

Under the terms of the deal, Gilat Defense will provide critical program management, field services, and technical support to ensure the operational readiness and long-term reliability of these vital communication systems.

"This contract reinforces the ongoing critical role our SATCOM systems play in supporting the U.S. DoD's global operations. We remain committed to delivering superior performance and service to our trusted defense partners worldwide," said Nicole Robinson, President of Gilat DataPath.

The announcement follows a $6 million order last month, in which Gilat's Defense Division was selected to supply an Asian-Pacific military organization with its advanced SkyEdge II-c platform. The system will support secure communications across fixed and mobile defense sites and feature enhanced air interface cybersecurity.

Price Action: At the last check on Monday, Gilat shares were trading higher by 4.35% at $5.76 premarket.