Gilat’s revenue fell 3 percent to $80.2 million...
Gilat’s revenue fell 3 percent to $80.2 million in the second quarter this year, compared to $82.8 million in the first quarter. Revenue for Q2 2012 was $85.3 million, it said in a press release (http://bit.ly/14cEQhR). The company had “lower-than-expected”…
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sales in its defense market, said Gilat CEO Erez Antebi. “We're seeing budget cuts and purchasing slowdowns in the U.S. Defense Department,” but the company expects its defense market to grow significantly in the long term, he said Wednesday during a conference call. “The programs we're after have to do with providing satellite on the move,” and providing tactical communications to ground forces, he said. “We see those programs progressing and there’s an awareness and requirement for this technology.” He said it’s unclear how 2014 will look for Gilat’s defense segment. Sequestration doesn’t have a direct effect on the company’s in-flight connectivity endeavors, Antebi said. “We're seeing orders from integrators providing Ku-band services.” Gilat will provide amplifiers to Honeywell for its role in supplying airborne terminals for Inmarsat’s launch of the Ka-band network Global Xpress, he said. Gilat plans to continue expanding its service by providing broadband access via multi-spot-beam Ka- and Ku-band satellite networks, he said. In Q2 2013, Gilat reported growth in the number of new clients and partnership agreements, he said. It’s expanding its Ku services in support of SES Broadband Services, which resulted in agreements with six ISPs and the delivery of more than 10,000 customer premises equipment units, he said. Through a partnership with Thaicom, Gilat is augmenting its business in the Asia-Pacific region, Antebi added.