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Gilat Satellite Networks Unit Receives $8 Million Order to Support Low Earth Orbit Constellation

Gilat Satellite Networks (GILT) said Monday that its subsidiary Wavestream has received a follow-on order worth more than $8 million to support a low earth orbit constellation.

Wavestream was named the sole provider of gateway solid state power amplifiers for an unnamed satellite operator to support the LEO constellation gateways. The order is in addition to a $50 million contract announced last year that is currently being delivered.

Shares of Gilat Satellite Networks rose by nearly 2% in premarket trading on Monday.