Benzinga | Jun 16, 2021 10:15AM EDT

Gilat Wins Multiple Latin American Armed Force Projects

* Gilat Satellite Networks Ltd (NASDAQ:GILT) had won multiple projects for armed forces in Latin America. Gilat offers turnkey solutions for fixed, airborne, maritime, and mobile military applications in Latin America via its long-time local partner, Newsat.

* The size of the contracts was not disclosed.

* Gilat provides multiple fixed and mobile communications solutions in Latin America to support the General Command, Army, Navy, Air Force security, diversity, and contingency needs.

* Gilat works closely with Latin America's defense integrator Newsat to provide end-to-end projects, including installations and remote maintenance to the armed forces.

* Price action: GILT shares traded higher by 0.88% at $10.37 in the market session on the last check Wednesday.