This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Gilat Satcom And Gilat Satellite Networks To Supply Fixed And On-the-Move Satellite Services To Israeli Government

Stocks in this article: GILT

PETAH TIKVA, Israel, Jan. 21, 2014 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq:GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that it will supply satellite equipment as part of a tender won by Gilat Satcom to provide satellite services to the Israeli Government.

Over the course of three years, Gilat Satcom will supply fixed and satellite-on-the-move (SOTM) communications services based exclusively on Gilat Satellite Networks equipment. The solution includes VSATs, low-profile and tracking satellite antennas, ensuring high-availability communications for the various government offices on a daily basis, as well as in emergency conditions.

Gilat Satcom's choice of Gilat Satellite Networks is based on its extensive, proven experience with a wide variety of customers in Israel and abroad, both for the government and defense sectors and commercial customers.

"We chose Gilat Satellite Networks because of its products' high performance and reliability, and because of the excellent, long-term relationship between the companies," said Dan Zajicek, CEO of Gilat Satcom. "We view this award as a vote of confidence in the services we have already provided to Israel's government offices, solidifying Gilat's Satcom's position as the leading satellite communications service provider for the government and the public sector."

"This award reinforces that Gilat Satellite Network satellite broadband communications equipment is among the most advanced and reliable in the world," said Chico Tamir, Brigadier General (Res.) Corporate VP President, Defense & HLS Division of Gilat Satellite Networks. "Gilat is pleased about the prospect of becoming the Israeli government's supplier of choice, and we're happy for this latest opportunity to cooperate with such a leading, professional satellite communications services provider like Gilat Satcom."

About Gilat Satellite Networks

Gilat Satellite Networks Ltd (Nasdaq:GILT) (TASE:GILT) is a leading provider of products and services for satellite-based broadband communications. Gilat develops and markets a wide range of high-performance satellite ground segment equipment and VSATs, with an increasing focus on the consumer and Ka-band market. In addition, Gilat enables mobile SOTM (Satellite-on-the-Move) solutions providing low-profile antennas, next generation solid-state power amplifiers and modems. Gilat also provides managed network and satellite-based services for rural telephony and Internet access via its subsidiaries in Peru and Colombia.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs