Gilat

Gilat Satellite Networks shares dropped 60% despite securing $155 million in new contracts and strong financial growth, weighed down by technical index rebalancing and Starlink competition.

Gilat Satellite Networks' Peruvian subsidiary has secured a $28 million contract with PRONATEL to upgrade broadband infrastructure across the Ica region.

With a 17% increase in revenue and new contracts in the in-flight internet sector, the company reports strong second-quarter results and progress on a major defense acquisition.