Gilat Satellite Networks shares are trading higher after the company's US-based subsidiary, DataPath, announced over $9 million in orders in support of the DoD and other agencies.
Portfolio Pulse from Benzinga Newsdesk
Gilat Satellite Networks' US-based subsidiary, DataPath, has secured over $9 million in orders to support the Department of Defense and other agencies, leading to a rise in Gilat's share price.
July 02, 2024 | 11:13 am
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Gilat Satellite Networks' US subsidiary, DataPath, has received over $9 million in orders from the Department of Defense and other agencies, positively impacting the company's stock price.
The announcement of significant orders from the Department of Defense and other agencies is a positive development for Gilat Satellite Networks, likely leading to increased revenue and investor confidence, thus driving the stock price higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100