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Gilat Satellite Networks Gets Multimillion-Dollar Order to Develop Military Modem; Shares Rise
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Gilat Satellite Networks Gets Multimillion-Dollar Order to Develop Military Modem; Shares Rise
Apr 9, 2024 8:50 AM

11:22 AM EDT, 04/09/2024 (MT Newswires) -- Gilat Satellite Networks ( GILT ) said Tuesday it received a multimillion-dollar order from an undisclosed defense organization to develop software-defined radio modem for satcom-on-the move and satcom-on-the-pause military applications.

The company's shares were up 3.9% in recent trading.

Price: 6.17, Change: +0.23, Percent Change: +3.87

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