AVIAT NETWORKS Business Summary

Aviat Networks, Inc. (AVNW) is a global provider of wireless transport and access networking solutions, generating revenue through the sale of high-capacity microwave and millimeter wave radios, industrial routers, and a comprehensive suite of professional services and support contracts. The company’s business is primarily segmented into Private Networks—serving utilities, public safety, and government agencies—and Mobile Networks, which supports 5G backhaul and rural broadband initiatives. Following the strategic acquisitions of NEC’s wireless transport business (Pasolink) and 4RF Limited, Aviat has solidified its position as a leading specialist in the $11 billion wireless transport market. It competes directly with diversified telecommunications giants such as Ericsson, Nokia, and Fujitsu, as well as niche players like Ubiquiti, distinguishing itself through a focused "best-of-breed" strategy in mission-critical private infrastructure and rural connectivity. The company was established in 2006 through the merger of Harris Corporation’s Microwave Communications Division and Stratex Networks. The current leadership team is headed by President and CEO Pete Smith, who joined in 2020 with a background in lean manufacturing and executive roles at Jeld-Wen and Polypore International. In December 2025, Aviat appointed Andrew (Andy) Schmidt as Senior Vice President and CFO, bringing over 25 years of public company financial experience from firms like Sientra. Other key executives include Scott St. John (SVP, Global Sales & Marketing) and Alain Hourtane (VP, Engineering). The company is overseen by a board chaired by John Mutch, founder of MV Advisors, and includes recently appointed director Scott Halliday, formerly of EY. Notable institutional backing includes significant positions held by Chuck Royce’s Royce & Associates and Steel Partners Holdings.