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CORPAC Awards Gilat Multi-Million-Dollar Contract to Provide Mission Critical Telecom Systems .
Gilat Satellite Networks Ltd.February 4, 2021 GMT
PETAH TIKVA, Israel, Feb. 04, 2021 (GLOBE NEWSWIRE) Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it was awarded a multi-million-dollar contract to provide mission critical telecom systems for 29 of Peru’s airports. The award of high-availability communication system was granted by CORPAC, the Peruvian Corporation of Commercial Airports and Aviation. This award follows Gilat’s successful execution of large government projects and well positions Gilat for additional large deals in Peru.
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Gilat wins Peruvian airports deal
The Israeli company has been awarded a multi-million-dollar contract to provide mission critical telecom systems for 29 of Peru s airports.
Israeli satellite networking technology, solutions and services company Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) announced today that it has been awarded a multi-million-dollar contract to provide mission critical telecom systems for 29 of Peru s airports. The award of a high-availability communication system was granted by CORPAC, the Peruvian Corporation of Commercial Airports and Aviation. This award follows Gilat s implementation of large government projects and positions Gilat for additional large deals in Peru.
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Gilat will design, supply, implement and commission equipment for Communication Navigation and Surveillance (CNS) services in Peru s airports.
Gilat unit wins $50m broadband satellite deal
This is the third major project that Gilat has won in recent weeks after several years in which it received a low number of new orders.
Israeli satellite networking technology company Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) announced today that its Wavestream unit has been awarded a deal worth more than $50 million from a leading satellite operator to support the gateways for a Low Earth Orbit (LEO) broadband satellite constellation. Wavestream has been selected to supply Gateway Solid State Power Amplifiers (SSPAs) for the project.
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This is the third major project that Gilat has won in recent weeks after several years in which it received a low number of new orders. The company s share price is currently 0.77% higher on Nasdaq at $11.51, giving a market cap of $640 million.
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