Gilat Satellite Networks announced a new commercial order for its Sidewinder electronically‑steered antenna (ESA) terminals worth $39 million, covering both line‑fit and retrofit installations. The order will be delivered over the next 12 months and expands the company’s commercial revenue pipeline.
The $39 million order represents a significant addition to Gilat’s IFC portfolio, following a Q4 2025 revenue increase of 75 % year‑over‑year and a 48 % rise in full‑year 2025 revenue. The new order is a key driver of the company’s commercial segment, which has been the primary engine of revenue growth in recent quarters.
The Sidewinder ESA is engineered for in‑flight connectivity across GEO, MEO and LEO constellations, offering airlines a high‑performance, low‑latency solution that can be installed on a wide range of aircraft. Its multi‑orbit capability gives Gilat a competitive edge over rivals such as Hanwha Phasor, Stellar Blu Solutions and CesiumAstro.
Ron Levin, President of Gilat Commercial, said, "Demand for high‑performance ESA terminals continues to grow as airlines seek quality multi‑orbit connectivity solutions that provide seamless broadband across geographies and satellite constellations. The Sidewinder ESA provides the efficiency, flexibility and reliability required by aviation customers, whether for retrofit or line‑fit installations, strengthening our leadership position in the expanding market for advanced in‑flight connectivity in LEO, MEO and GEO orbits."
The order follows a series of recent wins in defense, commercial and LEO gateway segments, underscoring Gilat’s growing market share. While the company has strengthened its balance sheet through capital raises and ended 2025 with substantial net cash, margin compression and a rising days sales outstanding remain headwinds. The new order is expected to contribute positively to revenue, but specific profitability metrics for the order have not been disclosed.
Market reaction to the announcement has been mixed. Gilat’s stock has shown volatility after positive news, with analysts noting a pattern of selling into good news. Despite the strong order, concerns about margin compression and profitability have tempered enthusiasm, even as the company’s 2026 guidance remains optimistic with double‑digit revenue and adjusted EBITDA growth.
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