Gilat Acquires Stellar Blu to Boost IFC Market Presence
The latest announcement is out from Gilat ( (GILT) ).
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Gilat Satellite Networks Ltd. has completed the acquisition of Stellar Blu Solutions LLC, a US-based provider of next-generation SATCOM terminal solutions, to bolster its growth in the In-Flight Connectivity (IFC) market. The acquisition is expected to significantly enhance Gilat’s position in the aviation and high-end mobility markets, potentially adding $120-150 million in annual revenues by 2025. This strategic move aims to leverage Stellar Blu’s pioneering technologies to meet growing demand for advanced in-flight Wi-Fi solutions, with plans to ship hundreds of terminals in the coming quarters.
More about Gilat
Gilat Satellite Networks Ltd. is a leading global provider of satellite-based broadband communications, offering deep technology solutions for satellite, ground, and new space connectivity. With over 35 years of experience, the company provides comprehensive, secure end-to-end solutions for mission-critical operations, including a cloud-based platform, high-performance satellite terminals, antennas, amplifiers, and integrated ground systems for various applications such as broadband access, mobility, and defense.
YTD Price Performance:
-0.81%
Average Trading Volume:
269,944
Technical Sentiment Consensus Rating:
Sell
Current Market Cap:
$347.8M
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