GILAT SATELLITE NETWORKS Business Summary

Gilat Satellite Networks Ltd. (GILT) is a global leader in satellite-based broadband communications, generating revenue through the sale of high-performance ground segment equipment, multi-year managed service contracts, and turnkey network deployments. The company operates through three primary business segments: Commercial, which drives growth via In-Flight Connectivity (IFC) and cellular backhaul; Defense, providing mission-critical solutions to military and government agencies; and Peru, a dedicated segment managing large-scale terrestrial and satellite infrastructure projects for the Peruvian government. Following strategic acquisitions like DataPath and Stellar Blu Solutions, Gilat has positioned itself as a dominant hardware-agnostic player in the multi-orbit revolution, supporting LEO, MEO, and GEO constellations. It competes directly with Viasat, EchoStar (Hughes Network Systems), and ST Engineering iDirect, distinguishing itself through its specialized electronically steered antennas (ESA) and market-leading position in the satellite cellular backhaul vertical. Founded in 1987 by Yoel Gat and the Levinberg brothers, Gilat is currently led by CEO Adi Sfadia, a veteran executive who previously served as the company’s CFO and has overseen its recent pivot toward high-growth defense and mobility sectors. The executive team includes CFO Gil Benyamini, who manages the firm’s robust balance sheet and M&A integration, and Hagay Katz, the Chief Product and Marketing Officer responsible for technical strategy and product roadmap. The company is publicly traded on the NASDAQ and TASE, with significant institutional backing from major Israeli financial entities including Phoenix Holdings, Clal Insurance, and Migdal Insurance. The Board of Directors is chaired by co-founder Amiram Levinberg, ensuring strategic continuity as the firm expands its footprint in software-defined satellite networking and next-generation space connectivity.