GILT is trading at $12.53 (6.1% up) after announcing $43 million in new Sidewinder electronically steered antenna (ESA) terminal orders from a major in-flight connectivity service provider.
- The contract includes deliveries scheduled over the next 18 months, significantly strengthening Gilat’s backlog.
- The deal highlights accelerating demand for mobility and aviation connectivity solutions within the satellite communications sector.
- Investor interest is further bolstered by a broadly positive performance across the technology tape.