Gilat gets Asian defense order

The company did not disclose the name of the country, but said that the deal was a multi-million dollar contract.

Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) has received an order from the defense ministry of an Asian country for its SkyEdge II satellite communications platform. The company did not disclose the name of the country, but said that the deal was a multi-million dollar contract.

Gilat's turnkey solution will integrate a variety of technology platforms for the delivery of high-speed data, video and voice applications to serve the different units within the organization.

Gilat's share closed at $4.60 on Nasdaq yesterday, giving a market cap of $184 million. The share rose 4.3% today on the TASE to NIS 18.

Published by Globes [online], Israel business news - www.globes-online.com - on November 10, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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