GILT - SES and Gilat expand partnership with multi-million-dollar follow-on order for high-speed modems

Gilat's (GILT) modems will deliver multi Gbps throughput, targeting high-end services over SES’s O3b and O3b mPOWER MEO constellations.Gilat's high-throughput modems will support SES in delivering fiber-equivalent services for government and high-end enterprise solutions. "Gilat highly values the strong partnership with SES and is pleased to further expand the collaboration, bringing to market high-end modems supporting O3b mPOWER's market segments," said Amir Yafe, Head of Global Accounts at Gilat. "Gilat shares SES vision on the need for a combination of GEO and Non-GEO Stationary (NGSO) constellations to address the growing demand for affordable low-latency global broadband connectivity."Shares up 4% premarket.

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SES and Gilat expand partnership with multi-million-dollar follow-on order for high-speed modems