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Gilat stock rises on Boeing in-flight connectivity deal

Gilat Satellite Networks shares jump 4% premarket after Boeing line-fit deal for Sidewinder antenna, speeding up in-flight broadband adoption for airlines.

Henry Walker
ByHenry Walker- Senior Editor
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Bond.az - Gilat Satellite Networks (NASDAQ:GILT) shares rose 4% in premarket trading Tuesday after announcing a partnership with Boeing to offer its Sidewinder antenna as a line-fit solution for in-flight connectivity providers.

Boeing will offer line-fit installation of Gilat's multi-orbit Sidewinder electronically steered antenna through in-flight connectivity integration partners. This partnership aims to accelerate the adoption of advanced broadband connectivity for airlines.

The Sidewinder terminal features a compact electronically steered antenna architecture designed to simplify installation and reduce long-term maintenance costs. The line-fit approach eliminates expenses and downtime associated with retrofit programs.

The terminal operates on an open, no lock-in model, enabling airlines to enhance onboard services and boost operational efficiency while scaling to meet growing connectivity demand.

"Partnering with Boeing for this line-fit program is a true honor," said Ron Levin, President of Gilat Commercial Division.

Gilat provides satellite networking technology globally. Shares also trade on the Tel Aviv Stock Exchange under GILT.

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Gilat stock rises on Boeing in-flight connectivity deal | Bond.az