This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Gilat's Wavestream Wins Contract With Honeywell For In-flight Connectivity

PETAH TIKVA, Israel, Jan. 29, 2013 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq:GILT) announced today that its wholly owned subsidiary Wavestream ® has been awarded an exclusive contract by Honeywell (Nasdaq:HON) to supply Ka-band transceivers for integration into airborne antenna systems to provide in-flight connectivity to the Inmarsat Global Xpress (GX) network. Scaled production for the transceivers is expected to begin in 2014.

Honeywell and Inmarsat signed an agreement in April 2012 to provide global in-flight connectivity services to business, commercial and aviation customers around the world. Honeywell is developing and distributing the on-board hardware to enable users to connect to Inmarsat's Global Xpress (GX) Aviation network, a high speed Ka-band system.

"The combination of field experience and innovative technology was a critical factor in our selection of Wavestream's Ka-band transceivers for integration into our Global Xpress antenna system," said Chris Webster, Senior Subcontracts Manager at Honeywell Aerospace. "We look forward to working closely with Wavestream in the integration and implementation of their transceivers into our on-board hardware in support of this project."

Wavestream is an industry leader in the development and worldwide deployment of BUCs and amplifiers for use in military and commercial satellite communications applications. Wavestream's Ka-band products have been successfully used in defense satellite systems, with over 5,000 deployed worldwide in just the last three years.

"Wavestream is an established vendor in the aviation market and is well positioned to support the rapidly growing in-flight market," said Francis Auricchio, CEO of Wavestream. "We are excited with the opportunity to work with Honeywell and to play an integral part in enabling airlines to improve passenger experience and generate additional revenues from the Global Xpress Aviation network."

Based on the company's patented Spatial advantEdge technology, Wavestream's Ka-band product family provides high output power, greater efficiency and field-proven reliability in smaller, lighter weight product packages suitable for fixed, mobile, and flyaway antenna systems. Each product is designed and thoroughly tested for use in extreme environments, helping provide uninterrupted connectivity to support mission-critical defense operations as well as demanding consumer broadband applications.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,440.59 -127.94 -0.73%
S&P 500 2,067.64 -12.01 -0.58%
NASDAQ 5,039.7760 -48.8540 -0.96%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs