$Gilat Satellite Networks (GILT.US)$ Gilat Satellite Network...

Rhea-AI Impact(Neutral)Rhea-AI Sentiment(Neutral)TagsRhea-AI SummaryPositiveSecured multimillion-dollar contract extension in APAC region12-month extension of existing service agreementContinued trust from a leading satellite operator in APACNegativeNone.

Gilat Satellite Networks (NASDAQ, TASE: GILT) has secured a multimillion-dollar contract extension with a leading satellite operator in the Asia-Pacific (APAC) region. The 12-month extension involves Gilat continuing to manage and maintain the operator's satellite communications infrastructure, ensuring enhanced network performance and reliability for the operator's service coverage.

This agreement supports connectivity services to rural and underserved areas in the APAC region. Ron Levin, Gilat's CCO, expressed satisfaction with the continued collaboration, emphasizing the trust placed in Gilat's technology by their partners.

PETAH TIKVA, Israel, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that it has secured a Multimillion contract extension to provide services for a leading satellite operator in the Asia-Pacific (APAC) region for an additional period of 12 months. The extended agreement highlights Gilat’s continued support in managing and maintaining the operator’s satellite communications infrastructure.

Through this contract extension, Gilat will continue to ensure enhanced network performance and reliability for the operator’s service coverage.

"We are pleased to continue our collaboration with one of the most prominent satellite operators in the APAC region," said Ron Levin, Gilat’s CCO. "This extension underscores the trust our partners place in our technology."