Gilat Satellite Networks Subsidiary DataPath Receives Contracts In Support Of US DoD, Cumulatively Worth Over $5M
Portfolio Pulse from Benzinga Newsdesk
DataPath, a subsidiary of Gilat Satellite Networks, has secured contracts worth over $5 million to support the US Department of Defense. The contracts involve sustainment and technical upgrades to Satellite Transportable Terminal units, enhancing military operations.

September 16, 2024 | 11:06 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Gilat Satellite Networks' subsidiary, DataPath, has received contracts exceeding $5 million from the US Department of Defense. These contracts involve upgrading Satellite Transportable Terminal units, which could enhance Gilat's revenue and market position in defense-related services.
The contracts are significant for Gilat as they represent a substantial revenue stream and strengthen its position in the defense sector. The technical upgrades to military assets could lead to further opportunities and partnerships with the US Department of Defense.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80