FastMarket.news

Gilat Secures Over $25 Million in Orders for Satellite Solutions

Published 1 days agoGILT
Gilat Secures Over $25 Million in Orders for Satellite Solutions

Gilat Satellite Networks recently announced securing over $25 million in new orders for its multi-orbit satellite solutions. These contracts signal substantial growth in demand for Gilat's technology across a range of applications. In January 2025, the company received $9 million in orders from major satellite operators for its advanced SkyEdge IV and SkyEdge II-c platforms, with deliveries expected within a year.


In April 2025, Gilat further strengthened its position with over $15 million in orders from leading global satellite operators. These latest contracts, to be delivered throughout the year, focus on multi-service uses, especially in In-Flight Connectivity across GEO, MEO, and LEO Very High Throughput Satellite constellations. Earlier, in April 2024, Gilat's U.S. subsidiary, DataPath, was awarded a $12 million contract to supply the U.S. Army with satellite connectivity enhancements, as reported by Satellite Today.


Additionally, April 2024 saw contracts totaling $13 million with various satellite operators to expand their networks using Gilat's SkyEdge IV capabilities. These ongoing developments indicate Gilat's continuing prominence in both commercial and defense sectors, showcasing the company's multi-orbit satellite technology and commitment to global communication solutions.

Share this article

Recent Articles

Broadcom Reaches $1 Trillion Valuation Amid AI Chip Growth

Broadcom Reaches $1 Trillion Valuation Amid AI Chip Growth

15 minutes agoAVGO

Broadcom recently hit a market valuation of over $1 trillion, fueled by optimistic forecasts for growth in artificial intelligence demand. The company’s CEO, Hock Tan, highlighted a potential revenue opportunity ranging from $60 billion to $90 billion in AI by 2027, a significant leap from the current market size, according to Reuters. In the fiscal year 2024, Broadcom's AI revenues saw a remarkable rise, growing by 220% to $12.2 billion. This surge can be attributed to increasing demand for AI chips and a noticeable shift by major technology firms from using Nvidia's processors, as reported by the Financial Times. Broadcom is proactively expanding its AI-chip capabilities by securing contracts with major U.S. cloud entities like Google and Meta Platforms for custom AI chips. The company also continues to innovate with its 3.5D XDSiP technology, designed to improve semiconductor speeds and meet the heightened demand for generative AI infrastructure.

GameStop Leaps into Crypto with $513 Million Bitcoin Purchase

GameStop Leaps into Crypto with $513 Million Bitcoin Purchase

45 minutes agoGME

GameStop has made a bold entry into the cryptocurrency world, acquiring 4,710 bitcoins valued at approximately $513 million. This move marks GameStop's first significant Bitcoin purchase following its announcement of cryptocurrency investment plans back in March 2025. The company's venture into digital assets is seen as a pivotal shift in strategy as it seeks new avenues for growth. The timing appears well-considered, as GameStop has previously reported holding a substantial financial cushion of $4.78 billion in cash, cash equivalents, and marketable securities as of February 1, 2025. This financial strength provided the company with the flexibility to make such a substantial investment without jeopardizing its liquidity. According to Reuters, the market reacted favorably to this decision, with GameStop's shares rising by 4.4% in pre-market trading, suggesting that investors are optimistic about this new direction. GameStop's venture into Bitcoin is not happening in isolation. The company is part of a wider industry trend of businesses exploring digital assets to diversify their holdings amidst evolving market conditions. Similar moves by companies such as Trump Media and Technology Group highlight a growing acceptance of digital currencies in corporate strategies. This latest move by GameStop underscores its effort to revitalize its business model and spark renewed interest from investors, especially in the face of challenges within its traditional brick-and-mortar video game sales.

Box Inc. Surpasses Q1 FY2025 Expectations with Strong Earnings and Revenue

Box Inc. Surpasses Q1 FY2025 Expectations with Strong Earnings and Revenue

1 hours agoBOX

Box Inc. has reported robust financial outcomes for the first quarter of fiscal year 2025, outperforming market expectations. The company's Earnings Per Share (EPS) came in at $0.39, outstripping the consensus forecast of $0.36 by 8.33%, as noted by Benzinga. Additionally, Box's revenue reached $264.7 million, a 5% year-over-year increase, topping the analyst projection of $262.04 million, according to Gurufocus. Despite a slight 1% decline in billings from the prior year, billings saw a 5% rise on a constant currency basis. Box demonstrated operational efficiency with a non-GAAP gross margin of 80.2% and an operating margin of 26.6%, marking improvements of 230 and 380 basis points, respectively. The company maintained a net retention rate of 101%, showing customer stability, and reported approximately 1,800 customers with annual payments exceeding $100,000, indicating strong market demand. Driving these impressive results, Box's strategic emphasis on AI and advanced capabilities played a key role. With strong demand for Box AI leading to upgrades to their Enterprise Plus offering, Box's focus on AI-driven solutions seems to be paying off. The company's actions underscore its commitment to strengthening its position in the cloud content management sector, as highlighted by Gurufocus.

TSMC Faces Stock Dip Amid Market and Operational Challenges

TSMC Faces Stock Dip Amid Market and Operational Challenges

1 hours agoTSM

Taiwan Semiconductor Manufacturing Company Limited (TSMC) has recently seen a substantial drop in its stock price. The decline comes at a time when the company is facing a broader market correction influenced by various global dynamics and competitive challenges. A significant part of this downturn can be attributed to geopolitical tensions, including a newly imposed 32% tariff on Taiwanese imports by the U.S., stirring concerns over trade relations and potential disruptions in the global semiconductor supply chain, as reported by Reuters. Furthermore, a significant 6.4 magnitude earthquake in Taiwan has disrupted both production and supply chains, adding to investors' worries about TSMC's operational stability, as noted by Morpher. In addition to external pressures, TSMC is facing intensified competition within the semiconductor industry. This is highlighted by the emergence of the Chinese startup DeepSeek, which has introduced an affordable AI model challenging leaders like OpenAI's ChatGPT, according to Morpher. Such competition is coupled with a general market sell-off driven by fears of a trade war and increasing tariffs, impacting tech stocks universally, as covered by Nasdaq. These factors together illustrate the complexities impacting TSMC's current stock performance.