Gilat Secures $14M in Orders for In-Flight Connectivity Solutions
Portfolio Pulse from Benzinga Newsdesk
Gilat Satellite Networks Ltd. (NASDAQ: GILT) has secured over $14 million in orders for its In-Flight Connectivity (IFC) solutions from several prominent service providers and system integrators. This strengthens Gilat's leadership in the IFC market, further bolstered by its recent acquisition of Stellar Blu Solutions.
June 27, 2024 | 11:04 am
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Gilat Satellite Networks Ltd. has secured over $14 million in orders for its In-Flight Connectivity solutions, reinforcing its leadership in the IFC market. The company's recent acquisition of Stellar Blu Solutions further strengthens its market position.
The $14 million in orders for IFC solutions indicates strong demand and revenue growth potential for Gilat. The recent acquisition of Stellar Blu Solutions further enhances its market position, likely leading to positive short-term stock price movement.
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