Stock Track | Gilat Satellite Networks Soars 5.07% in Pre-market on Boeing Sidewinder Antenna Milestone

Stock Track05-19

Gilat Satellite Networks Ltd. (GILT) saw its stock price soar 5.07% in pre-market trading on Tuesday.

The surge follows news that the company reached a significant milestone with Boeing toward offering its multi-orbit Sidewinder electronically steered antenna as a future line-fit option for in-flight connectivity providers. Boeing plans to make the terminal available through its integration partners, enabling factory installation which targets faster entry into service, lower installation disruption, and reduced maintenance burden compared to retrofits.

This development represents a potential expansion of Gilat's market reach and a strategic partnership in the aerospace sector, likely driving investor optimism.

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