GILT - Gilat shipped initial aero modems out of a multi-million-dollar potential in China

Gilat Satellite Networks (GILT) has shipped initial aero modems to a leading Chinese system integrator who will install it for the Ka-band In-flight Entertainment and Connectivity ((IFEC)) system, on the entire fleet of the first airline in China and on additional domestic airlines. "Gilat is most appreciative of the close partnership with the Chinese integrator, and the joint effort of ramping up the airline's fleet of aircraft with Gilat's proven aero modem, Taurus," said Yuan Si, China Country Manager for Gilat. "We are pleased to see the in-flight connectivity business moving forward in China and look forward to equipping additional airlines with Gilat's high-performance aero modem, enabling passengers an excellent IFEC user experience."Shares down 3.7% premarket.

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Gilat shipped initial aero modems out of a multi-million-dollar potential in China