GILT - Gilat Satellite nabs $4M+ in orders for for support of Low Earth Orbit constellation

Gilat Satellite Networks' (GILT) trades 1.1% higher premarket after its subsidiary Wavestream received orders valued at $4M+ for support of gateways of Low Earth Orbit constellations.The orders, received as part of earlier announced contract, are for supplying Gateway Solid State Power Amplifiers (SSPAs) to a leading satellite operator."We are now manufacturing these units at an unprecedented production rate for Gateway ((GTW)) - class SSPAs. Our manufacturing capacity, product reliability, and experience with high-power Ka-Band SSPA technologies stand alone in the NGSO Gateway market," Wavestream's General Manager Bob Huffman commented.

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Gilat Satellite nabs $4M+ in orders for for support of Low Earth Orbit constellation