• Gilat Satellite Networks Ltd. recently received a multi-million dollar order to supply custom, ruggedized SATCOM terminals to a European Ministry of Defense, with deliveries scheduled over the next 12 months to support mission-critical connectivity in harsh and unpredictable environments.

• This defense contract underscores Gilat's expanding role in secure, multi-orbit communications for government and military customers, a segment that can influence its long-term revenue mix and operational priorities.

• We'll now examine how this new European defense order, centered on custom multi-orbit SATCOM terminals, may influence Gilat's broader investment narrative.

Invest in the nuclear renaissance through our list of 89 elite nuclear energy infrastructure plays powering the global AI revolution.

Gilat Satellite Networks Investment Narrative Recap

To own Gilat, you need to believe in growing demand for secure, mission-critical satellite connectivity across defense, government, and mobility, and in Gilat's ability to improve margins over time. The new European defense order reinforces the defense-connectivity growth story, but by itself looks modest against Gilat's multi-hundred-million-dollar revenue base, so it is unlikely to change the near term focus on margin pressure and Stellar Blu execution risk.

Among recent announcements, the February 2026 European Ministry of Defense DKET 3421 order, worth over US$16 million, aligns most closely with this new SATCOM terminal win. Together, these contracts illustrate Gilat's traction with European defense customers across transportable and custom multi-orbit terminals, which feeds into the wider catalyst of expanding defense and government programs, while still leaving questions about how the overall mix will affect gross margins.

Yet investors should also keep in mind the risk that sustained margin compression and slower than expected improvement at Stellar Blu could...

Read the full narrative on Gilat Satellite Networks (it's free!)

Gilat Satellite Networks' narrative projects $644.3 million revenue and $41.5 million earnings by 2029. This requires 11.1% yearly revenue growth and about a $9.5 million earnings increase from $32.0 million today.

Uncover how Gilat Satellite Networks' forecasts yield a $19.20 fair value , a 44% upside to its current price.

Exploring Other Perspectives

Two fair value estimates from the Simply Wall St Community span roughly US$11 to US$19.20 per share, showing how far apart individual views can be. Against that backdrop, the growing stream of defense and government contracts highlighted above may influence how you weigh Gilat's revenue visibility against its ongoing margin and execution risks, so it is worth examining several contrasting viewpoints before forming a view.