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.
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| 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?
Research analysts who have asked questions during GILAT SATELLITE NETWORKS earnings calls.
Gunther Karger
Discovery Group
4 questions for GILT
Ryan Koontz
Needham & Company, LLC
4 questions for GILT
Christopher Quilty
Quilty Space
3 questions for GILT
Louie DiPalma
William Blair
3 questions for GILT
Sergey Glinyanov
Analyst
3 questions for GILT
Omri Efroni
Oppenheimer & Co. Inc.
2 questions for GILT
Chris Quilty
Quilty Space
1 question for GILT
Michael Louie DiPalma
William Blair
1 question for GILT
Serge Guillermo
H.C. Wainwright & Co.
1 question for GILT
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.
- Gilat DataPath, a subsidiary of Gilat Satellite Networks, has received orders totaling more than $7 million to provide additional Transportable SATCOM Terminals to the U.S. Army.
- The orders include multiple units of the DKET 3421 transportable terminal and associated support services, with deliveries scheduled for completion before the end of 2025.
- This award reflects the U.S. Army’s continued confidence in Gilat DataPath’s DKET technology for secure and relocatable SATCOM infrastructure.
- Gilat Satellite Networks Ltd. announced on September 30, 2025, that it received over $7 million in orders to supply Transportable SATCOM Terminals to the U.S. Army.
- The orders include multiple units of the DKET 3421 transportable terminal and associated support services.
- Deliveries for these orders are scheduled for completion before the end of 2025.
- The WGS-certified DKET 3421 is a combat-proven, rugged terminal designed to provide high-throughput, resilient connectivity for forward-deployed forces.
- Gilat Satellite Networks Ltd. announced that its wholly-owned subsidiary, Gilat DataPath, was awarded a contract valued at over $7 million to provide the U.S. Department of Defense (DoD) with transportable SATCOM terminals and support services.
- The contract includes multiple units of Gilat DataPath’s DKET 3421 transportable terminals.
- Deliveries for this order are expected by the end of 2025.
- Gilat Satellite Networks Ltd. (GILT) has retrospectively revised its financial statements to reflect a new segment reporting structure, effective January 1, 2025, dividing operations into Gilat Defense Division, Gilat Commercial Division, and Gilat Peru Division.
- Total revenues for FY 2024 increased 15% to $305.4 million from $266.1 million in FY 2023, with Defense revenues surging 398% to $97.755 million.
- The company completed the acquisition of SBS in January 2025 for an initial cash payment of $98 million, partially funded by a $60 million new secured credit line.
- Net cash provided by operating activities was $31.7 million in FY 2024.
- Gilat Satellite Networks Ltd., through its Peruvian subsidiary Gilat Perú, has secured a $25 million contract with Peru's national telecommunications program, Pronatel, to modernize the regional broadband network in the Cusco region.
- The project is planned over 12 months with a five-year service period, aiming to provide 200 Mbps internet to 208 public institutions and 69 free public WiFi hotspots.
- This contract reinforces Gilat's ongoing commitment to expanding digital inclusion in Peru, building on previous orders totaling $60 million from Pronatel earlier this year and a $17 million contract last year.
- Following the announcement, Gilat's shares rose 4.84% in premarket trading to $9.74, with Wall Street analysts projecting an average 18.41% upside and a consensus 'Outperform' rating.
- For the six months ended June 30, 2025, Gilat Satellite Networks Ltd. reported total revenues of $197.0 million, an increase from $152.7 million in the comparable period of 2024, while net income decreased to $3.834 million from $6.266 million.
- The company completed the acquisition of Stellar Blu Solutions LLC (SBS) in January 2025 for an estimated purchase price of $138.975 million. This acquisition contributed to a decrease in gross profit margin to 31% from 36% and significantly increased cash used in investing activities to $112.7 million for the six months ended June 30, 2025.
- Effective January 1, 2025, the company reorganized its operations into three new segments: the Gilat Defense Division, Gilat Commercial Division, and Gilat Peru Division.
- Gilat announced a $40 million contract over 24 months to develop and deploy a cloud-native version of its SkyEdge four satellite communication platform.
- Revenue from the deal will be recognized at $20 million per year based on progress of work.
- The company reaffirmed its full-year guidance of $415 million to $455 million in revenue, having already factored in the contract’s win probability.
- Management sees potential for follow-on work with the client and broader adoption of the software-based platform across upcoming GEO and NGSO constellations and 5G non-terrestrial networks.
- $27 million secured for Gilat Stellar Blu’s ESA Terminal technology, supporting orders and deliveries expected over the next 12 months.
- Press release issued on June 10, 2025 confirms enhanced readiness for commercial, business, and defense aviation connectivity.
- The announcement emphasizes Gilat’s commitment to advancing high-performance satellite networking solutions.
- Gilat Satellite Networks Ltd. secured a $40 million contract for its virtualized SkyEdge IV platform, expected to be delivered over the next 24 months.
- The contract underscores the platform's cloud-native architecture and readiness for 5G-NTN, marking a significant step in the evolution of satellite ground segment innovation.
- 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.