Gilat won a $ 50 million contract – Global Markets

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Gilat
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Satellite networks (GILT) are one of the hottest stocks of recent times. The reason – new mutual funds in the field of space of the ARK investment group, which may, among other things, purchase shares in Gilat, which is considered a space company. In the past month, the company’s share has doubled to a value of NIS 2.2 billion ($ 670 million).

Gilat provides technology for satellite communications networks, solutions and services, reported that its subsidiary Wavestream has won an estimated $ 50 million contract from a leading satellite operator to support the gateways of a low-band broadband satellite group (LEO. Wavestream selected to provide state amplifiers Solid (SSPAs) for the project.

Wavestream PowerStream 160Ka solid-state amplifiers that operate at the gateway level, specifically designed for broadband network uploads and complex modulation programs, were selected because they demonstrated the best technical performance, as well as their unmatched reliability in challenging conditions, enabling optimal Satellite groups in a non-geostationary satellite orbit.

“Wavestream has been selected to provide and support the provision of essential gateways for the low-satellite orbit satellite program,” said Bob Hoffman, CEO of Wavestream. Operate at the gateway level and Ka frequencies required for this group of satellites. ”