Gilat's In-Flight Connectivity Orders Hit $18 Million

Gilat, a company known for its satellite networking technology, has just bagged a significant deal worth over $18 million. This order is for their SkyEdge platforms, along with related services and Solid State Power Amplifiers. All of this is set to be delivered within the next year. Gilat’s design is highly reliable, which makes satellite connections for in-flight use both quick and steady. With this order, Gilat is anticipating a growing demand for advanced connectivity solutions in the in-flight market. Gilat's shares have been on the rise. On Friday, the company’s stock closed at $5. 96, showing a 1. 71% increase. Even in pre-market trading, the shares have continued to climb, reaching $6. 04. The in-flight connectivity market is booming, driven by passengers' need to stay connected during flights. Companies like Gilat are at the forefront of this trend, providing the essential technology that keeps us linked to the digital world even at high altitudes.