Mentioned:
The United States Department of Defense wants in on more satellite technology.
What’s happening:
- Gilat Satellite Networks (NASDAQ: GILT) has won a new $4M USD contract from the United States Department of Defense
By the numbers:
- The new deal will have Gilat Satellite Networks supply the Department of Defense with their DKET 3421 terminals which are portable satellite communication hubs that are purpose built for supporting military specific missions and weigh less than 5000 pounds
- DKET 3421 terminals are capable of being fully deployed and operational within 3 hours of a new mission
Why it matters:
- Satellite innovation has continued to find momentum in the public markets, with new purchases from government agencies such as NATO as well as breakthrough commercial launches for wireless broadband connectivity from low Earth orbit
Going deeper:
- Gilat Satellite Network’s new deal with the United States Department of Defense is being done through their subsidiary DataPath which has been collaborating directly with the military for more than two decades
