Gilat Satellite Networks Ltd. (NASDAQ: GILT) shares moved past the breakeven point Monday, as the company purporting to be a worldwide leader in satellite networking technology, solutions and services announced today that the U.S. Department of Defense awarded another contract for more than $4 million to Gilat’s US-based subsidiary, DataPath, for DKET 3421 terminals, portable satcom hubs that provide the flexibility, capacity, connectivity, and control needed to ensure mission success anywhere in the world. The orders are expected to be delivered during the first half of 2025.
The DKET 3421 is an innovative solution to customers’ needs for a high-quality, reliable terminal for mission-critical communications. The field-proven DKET 3421 terminal supports multi-carrier operations with a scalable modem architecture (up to 32 modems). Weighing under 5000 lbs. with a reduced footprint, the DKET 3421 can be easily moved by a forklift. Deploying in less than three hours, the DKET 3421 provides a satellite network hub in the form of a single-skid with the flexibility to leverage available satellite assets.
“We’re excited to receive another order for our innovative DKET 3421 from our valued military customer. This order highlights the strong trust in our company and our proven ability to deliver mission-critical solutions that meet demanding requirements,” said Nicole Robinson, President of DataPath.
GILT shares acquired 11 cents, or 2.2%, to $5.03.