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Gilat Satellite Networks Ltd. is a global leader in satellite-based broadband communications, specializing in the design and manufacturing of advanced ground-based satellite communication equipment. The company provides secure, end-to-end solutions and services for industries such as commercial, defense, and government sectors. Its offerings include satellite network platforms, high-performance terminals, and integrated communication systems tailored for mission-critical applications.
- Satellite Networks - Develops and supplies advanced broadband satellite communication networks, including high-speed Very Small Aperture Terminals (VSATs), on-the-move antennas, and other satellite communication equipment for applications such as in-flight connectivity, cellular backhaul, maritime, defense, and enterprise networks.
- Network Infrastructure and Services - Implements large-scale network projects, including terrestrial and satellite network construction and operation, with a focus on telecom operations in regions like Peru.
- Integrated Solutions - Provides mission-critical defense and broadcast satellite communication systems, offering products such as high-efficiency Solid State Power Amplifiers (SSPAs), Block Upconverters (BUCs), and transceivers.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Adi Sfadia Executive | Chief Executive Officer (CEO) | None | CEO since November 2020; previously CFO of GILT (2015-2020); extensive financial leadership experience at Starhome, Radvision, and EY Global. | View Report → |
Aharon Mullokandov Executive | SVP of Research and Development | None | SVP of R&D since May 2022; previously held leadership roles at Allot Communications, Here Mobility, and Servotronix Motion Control. | |
Doron Kerbel Executive | General Counsel and Company Secretary | None | General Counsel and Company Secretary since September 2022; previously General Counsel at Senstar Technologies and Legal Counsel at Elbit Systems. | |
Gil Benyamini Executive | Chief Financial Officer (CFO) | None | CFO since February 2022; previously CFO at Panaxia Pharmaceutical Industries, Walla Communications, and Exent Technologies; CPA with extensive financial expertise. | |
Gilad Landsberg Executive | Chief Operations Officer (COO) | None | COO since June 2023; previously VP at Aeronautics Ltd. and held leadership roles at Rafael Advanced Defense Systems; expertise in industrial and management engineering. | |
Hagay Katz Executive | Chief Product and Marketing Officer | None | Chief Product and Marketing Officer since August 2021; previously Head of VSAT Line of Business at GILT; led initiatives in Cloud and 5G NTN evolution strategy. | |
Lior Moyal Executive | Chief People Officer (CPO) | None | CPO since July 2020; joined GILT in 2016; previously Director of HR at Wavestream, GILT's U.S. subsidiary; extensive experience in organizational development. | |
Ron Levin Executive | Chief Commercial Officer (CCO) | None | CCO since March 2023; previously COO (2021-2023) and VP of Mobility and Global Accounts at GILT; held leadership roles at ECI Telecom and Jungo Software Technologies. | |
Roni Stoleru Executive | SVP, Corporate Business Development | None | SVP of Corporate Business Development since August 2023; over 24 years at GILT in roles spanning product management, technical marketing, and sales. | |
Ami Shafran Board | Director | Venture Partner at Moneta Capital; Director at Gencell; Chair of Elsight and Security Matters | Director since January 2021; former Commander of IDF C4I Command; extensive leadership in cybersecurity and defense industries. | |
Amir Ofek Board | Director | CEO of AxoniusX | Director since June 2023; previously CEO of Alcide IO Ltd. and CyberInt; held leadership roles at Amdocs and Elbit Systems; served as Captain in IDF 8200 Unit. | |
Amiram Boehm Board | Chairman of the Board | Chairman of BrainsWay Ltd. | Chairman since March 2023; Board member since 2012; previously Partner at FIMI Opportunity Funds and held board roles at multiple companies. | |
Aylon (Lonny) Rafaeli Board | Director | Member of the Board of TALI Education Fund | Director since May 2016; strategy and business development consultant; involved in veteran associations of IDF elite units. | |
Dafna Sharir Board | Director | Director at Ormat Technologies Inc., Minute Media Inc., and Cognyet Software Ltd. | Director since May 2016; extensive experience in investments, M&A, and tax law; previously held senior roles at Ampal Corp., Amdocs, and Cravath, Swaine & Moore. | |
Elyezer Shkedy Board | Director | Outside Director at Ashtrom Group Ltd. | Director since June 2017; former CEO of El-Al Airlines and Commander of the Israeli Air Force; serves on boards of non-profits. | |
Ronit Zalman Malach Board | Director | CFO of Isracard Ltd. | Director since September 2022; extensive financial leadership experience, including CFO roles at Mekorot and IMI Systems, and board roles at Clalit Health Care and other organizations. |
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Excluding the impact of the DataPath acquisition, your organic revenue decreased by 10% year-over-year in Q3 2024 ; what are the underlying factors contributing to this decline, and how do you plan to reverse this trend to achieve sustainable organic growth?
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Given that DataPath's gross margins are lower than Gilat's average, affecting overall gross margins , what specific measures are you taking to improve DataPath's profitability and align it with the company's margin expectations?
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With the termination of your activities in Russia resulting in the loss of approximately $10 million in annual revenue , how do you plan to offset this significant decrease in revenue, and what new markets or opportunities are you targeting to fill this gap?
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Considering the delays in obtaining CFIUS approval for the Stellar Blu acquisition , what contingency plans do you have in place if the approval process continues to extend, and how might this impact your revenue projections for 2025?
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In the cellular backhaul market, you've noted that projects are shifting to the right with no new big initiatives ; how does this slowdown affect your strategic plans for this segment, and what actions are you taking to reinvigorate growth in this market?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Stellar Blu Solutions LLC | 2025 | Gilat acquired Stellar Blu Solutions LLC to strengthen its IFC market leadership by enhancing its multi-orbit LEO and GEO solutions, with an initial $98 million cash payment (plus potential earn-out of up to $147 million) funded via a $100 million secured credit line; the deal is expected to boost annual revenues to $120–$150 million and improve EBITDA margins beyond 10% as production scales. |
DataPath, Inc. | 2023 | Gilat acquired DataPath, Inc. to expand its presence in defense communications for the U.S. DoD and government sectors, in a transaction valued up to $45 million (including an earn-out and the assumption of $15 million in debt), which is poised to drive approximately $50 million in additional annual revenue and open new global market opportunities. |
Recent press releases and 8-K filings for GILT.
- On May 27, 2025, Gilat Satellite Networks Ltd announced receipt of over $25 million in orders for its Multi-Orbit Satellite Solutions from leading global satellite operators.
- The orders, covering deliveries throughout 2025 and 2026, underscore robust demand for its advanced solutions spanning GEO, MEO, and LEO constellations.
- The release, part of a 6-K filing, highlights Gilat’s strategic focus on satellite networking technologies across both commercial and defense markets.
- Q1 2025 Revenue: Achieved $92 million with a 21% year-over-year increase; strong Commercial ($64.2M) and Defense ($23M) contributions, partially offset by lower Peru revenues ($4.8M) .
- Stellar Blu Acquisition: Integrated operations since January 6, contributing $25M in revenue while incurring an adjusted EBITDA loss of about $3.6M this quarter .
- Operating Performance: Reported a GAAP operating loss of $2.7M, alongside a non-GAAP operating income of $5.2M and adjusted EBITDA of $7.6M .
- 2025 Guidance: Reiterated outlook with expected revenue of $415–$455M and adjusted EBITDA of $47–$53M .
- Liquidity Support: Backed by a $100M credit line with $60M drawn for the acquisition .
- Received over $15 million in orders from leading global satellite operators with deliveries scheduled throughout 2025.
- Orders span across GEO, MEO, and LEO constellations, reinforcing Gilat’s leadership in broadband connectivity solutions.
- Gilat Satellite Networks’ Defense Division received a multimillion order from a global defense organization for advanced antenna technology to be integrated into its defense communication systems, with deliveries scheduled toward the end of 2025.
- The order underscores the company’s commitment to delivering high-performance and secure solutions for defense applications, reinforcing established partnerships.
- Gilat Satellite Networks Ltd. announced a defense contract valued at over $11 million for its DKET 3420 portable satellite communication hubs, designed for rapid SATCOM deployment.
- The contract, secured by Gilat Defense, highlights the company’s commitment to enhancing mission-critical communications and supports multi-carrier operations with a scalable modem architecture.
- Gilat Satellite Networks Ltd. announced a contract valued at up to $23 million to service satellite transportable terminal units for US DoD customers.
- The agreement, effective as of April 7, 2025, includes a base program with options to extend up to five years, covering critical maintenance and sustainment services for SATCOM systems.
- The contract is managed by Gilat Defense, underscoring the company’s commitment to high reliability in supporting US defense communications.