Gilat Wins Multiple Latin American Armed Force Projects

Gilat Satellite Networks Ltd GILT had won multiple projects for armed forces in Latin America. Gilat offers turnkey solutions for fixed, airborne, maritime, and mobile military applications in Latin America via its long-time local partner, Newsat.
The size of the contracts was not disclosed.
Gilat provides multiple fixed and mobile communications solutions in Latin America to support the General Command, Army, Navy, Air Force security, diversity, and contingency needs.
Gilat works closely with Latin America’s defense integrator Newsat to provide end-to-end projects, including installations and remote maintenance to the armed forces.
Price action: GILT shares traded higher by 0.88% at $10.37 in the market session on the last check Wednesday.

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