About Gilat Satellite Networks

Gilat Satellite Networks Ltd. (Gilat) provides ground-based satellite communications and other network communications solutions and services. The company designs and manufactures ground-based satellite networking communications equipment, which it sells to its customers either as network components (modems, BUCs, and antennas) or as complete network solutions (which include hubs and related terminals and services) or turnkey projects. The company develops the equipment that includes commercial VSAT systems, defense and homeland security satellite communications systems, SSPAs, BUCs, transceivers, low-profile antennas, on-the-Move and on-the-Pause terminals and modems. The company’s equipment is used by satellite operators, service providers, telecommunications operators, MNOs, system integrators, government and defense organizations, large corporations and enterprises. The company sells and distributes its products and provides its services internationally, in Latin America, Asia, the Asia Pacific, North America, Africa and Europe. In particular, the company provides connectivity services, internet access and telephony, to enterprise, government and residential customers over its own networks, built using both its equipment and equipment purchased from other manufacturers in various technologies and over other networks that it installs, mainly based on BOT and BOO contracts. The company builds telecommunication infrastructure in these projects typically using fiber-optic and wireless technologies for broadband connectivity. The company also provides NOC services and hub services. In the year ended December 31, 2022, the company derived approximately 50%, 26% and 24% of its revenues from its Satellite Networks, Integrated Solutions and Network Infrastructure and Services segments, respectively. The company has diversified revenue streams that result from both sales of products, which include construction of networks, and services. In the year ended December 31, 2022, approximately 62% of the company’s revenues were derived from sales of products and 38% from services. During the same period, the company derived 40%, 24% and 1% of its revenues from the U.S., Peru and Israel, respectively. Segments The company operates through three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Satellite Networks segment This segment is focused on developing and supplying networks that are used as the platform that enables the latest satellite constellations of HTS, VHTS and NGSO opportunities worldwide. The company provides advanced broadband satellite communication networks and associated professional services and comprehensive turnkey solutions and managed satellite network services solutions. The company’s customers are service providers, satellite operators, Mobile Network Operators (MNOs), Telcos, large enterprises, system integrators, defense, homeland security organizations, and governments worldwide. Principal applications include In-Flight-Connectivity, cellular backhaul, maritime, social inclusion solutions, government, defense and enterprise networks and are driving meaningful partnerships with satellite operators to leverage its technology and breadth of services to deploy and operate the ground-based satellite communication networks. The company’s product portfolio includes a leading satellite network platform with high-speed Very Small Aperture Terminals (VSATs), high-performance on-the-move antennas, Block Upconverters (BUCs), and transceivers. This segment provides satellite communications network systems and associated professional and in certain instances, managed satellite network services, to satellite operators, governments, Telcos and service providers worldwide. The company’s operational experience in deploying large networks together with its global network of local offices enable it to work closely and directly with those providers. The company provides equipment, solutions and services to the commercial, mobile, government, enterprise, social inclusion solutions and consumer markets. The company provides solutions tailored to the requirements of individual industries. Based on its open SkyEdge platform, the company’s solutions provide added value to operators through better performance and integration, as well as simpler deployment. The company’s SkyEdge product family, including its SkyEdge II-c and SkyEdge IV products, allow it to deliver efficient, reliable and affordable broadband connectivity, such as internet, voice, data and video. Both platforms support multiple applications, such as Broadband Access, Enterprise connectivity; Cellular Backhaul and Mobility applications. The company also supports satellite networking through professional services, training and a full range of turnkey solutions and outsourced network operations. Products and Solutions Broadband Satellite Network Systems SkyEdge II-c and SkyEdge IV systems support large-scale broadband services for enterprise, cellular backhaul, In-Flight Connectivity (IFC), maritime and consumer, applications, including fast web browsing, high-speed trunking, video streaming, internet Protocol Television, or IPTV, Voice Over internet Protocol, or VoIP, and other bandwidth-intensive services. The company’s SkyEdge II-c system and SkyEdge IV system (when fully developed) also support cellular backhauling of 2G, 3G, 4G/ LTE and 5G technologies. The SkyEdge II-c system designed with highest scalability supporting multi satellite - multi beam networks, with any number of gateways and user terminals. The SkyEdge II-c platform supports four VSAT types: Scorpio, Gemini, Capricorn, and Taurus. It includes a unified, centralized network management system, or Total NMS which manages all hub elements at all gateways from a central NOC location and enables the definition of different types of virtual network operators to support different types of business models and services in multiple regions. Enhanced FCAPS functions, or fault-management, configuration, accounting, performance, and security, a network management framework created by the International Organization for Standardization and the electronic machine to machine interface, enable full visibility, control and seamless integration with the operator’s operations support system/ business support system, or OSS/BSS, environment. As part of the company’s road map to support multi-service capabilities and very high speed (up to 1.5 Gbps) services it recently launched SkyEdge IV which uses a new VSAT platform – Aquarius. The company’s plan is to gradually support all the segments that are supported by SkyEdge II-c, including mobility, enterprise, cellular backhaul and consumer. The company’s VSATs provide operational simplicity and reduced operational expenditures. They provide simple VSAT installation that expedites deployment and reduces costs. The VSAT customer premises equipment, or CPE, includes an intuitive graphical user interface that guide the installer step by step through the installation and service activation process. SkyEdge II-c Gemini is a family of compact high-throughput routers, designed to enable high speed broadband services while meeting cost efficiencies required by residential customers and businesses. Gemini enables fast web browsing, video streaming, IPTV, VoIP, and other bandwidth intensive services. This solution comes in variations for enterprise applications, such as retail, banking, automatic teller machines, or ATMs, lotteries and universal service obligations (USO)/USF government-funded programs aimed to expand broadband connectivity to underserved regions. SkyEdge II-c Capricorn, including the company’s SkyEdge II-c Capricorn PLUS, is a family of ultra-high-performance satellite routers that are used for corporate services, 2G/3G/4G/5G cellular backhauling, IP trunks and mobility services. For IP trunks and mobility, Capricorn delivers acceleration and packet-per-second performance that support hundreds of users per VSAT. For LTE cellular backhauling, Capricorn includes the company’s patented (granted in Japan, the U.S. and patent-pending in other countries) cellular data acceleration technology that enables full LTE speeds of up to 150Mbps for cellular handheld devices. To reach these high return speeds, Capricorn supports both Time Division Multiple Access, or TDMA, and Single Channel Per Carrier, or SCPC, transmission. Some of the Capricorn VSATs are planned to also operate on SkyEdge IV. SkyEdge II-c Taurus used for in-flight satellite communication connectivity with simultaneous support for broadband Inflight Connectivity (IFC) and internet Protocol Television, or IPTV and is a key component of the company’s Ku and Ka aeronautical satellite communication solution, as its ultra-high-performance aero-modem manager (MODMAN) for in-flight connectivity. Taurus is planned to be supported by SkyEdge IV and will allow continuous operations of IFC between the systems. SkyEdge IV Aquarius is a new family of VSATs that the company plans to introduce which will support higher speeds of up to 1.5 Gbps. The Aquarius VSAT family is based on a next generation technology that will support the demands of 5G, and very high speeds for mobility and maritime. It will feature a new capability that will allow roaming between NGSO and geostationary satellite (GEO) networks (for example SES mPOWER and GEO). The company’s plan is to release over the next few years a range of VSATs - Aquarius-Pro (enterprise, mobility and cellular backhaul indoor use), Aquarius-Outdoor (enterprise, mobility, cellular backhaul outdoor use), Aquarius-S (SCPC symmetric applications) and Aquarius-E (lower cost enterprise application) that will support Mobile Edge Computing, TDMA and SCPC applications, operations with Very Low Signal to Noise Ratio for mobility and defense applications. Satellite Networks Solutions Vertical Solutions The company targets specific vertical markets where its products and solutions are most suitable and in which it has multiple references and credibility. These vertical markets include the mobility, cellular backhaul, enterprise, oil and gas, banking and finance and rural and e-government markets, among others. System Integration and Turnkey Implementation The company has expanded its business beyond core VSAT networks to deliver complete and comprehensive solutions to meet its customers’ needs even where VSATs are not the main part of the solution. The company sees a growth in market demand for vendors capable of fully delivering integrated solutions for interdisciplinary, communication based projects. In certain other situations, the company is required to provide its VSAT solutions in a turnkey mode where it is responsible for the complete end-to-end solution. In the case of turnkey solutions, and occasionally in projects requiring system integrations, the company provides its customers with a full and comprehensive solution, including: Project Management – accompanying the customer through all stages of a project and ensuring that the project objectives are within the predefined scope, time and budget; Satellite Network Design – translating the customer’s requirements into a system to be deployed, performing the sizing and dimensioning of the system and evaluating the available solutions; Deployment Logistics – transportation and rapid installation of equipment in all of the network sites; Implementation and Integration – combining the company’s equipment with third party equipment, such as solar panel systems and surveillance systems, as well as developing tools to allow the customer to monitor and control the system; Operational Services – providing professional services, program management, network operations and field services; and Maintenance and Support – providing 24/7 helpdesk services, on-site technician support and equipment repairs and updates. Space Segment - where applicable, providing space capacity with back to back agreements with the satellite operators. Customer Support The company offers a customer care program for its products, which it refers to as SatCare, and professional services programs that improve customer network availability through ongoing support and maintenance cycles. As part of the company’s professional services, it provides: Outsourced operations, such as VSAT installation, service commissioning and hub operations; Proactive troubleshooting, such as periodic network analysis, to identify symptoms in advance; and Training and certification to ensure customers and local installers are proficient in VSAT operation. Marketing and Sales The company uses both direct and indirect sales channels to market its products, solutions and services. The company’s Fixed Networks segment has organized its sales activities by geographic areas, with groups or subsidiaries covering most regions of the world. Its sales teams are consisted of account managers and sales engineers who establish account relationships and determine technical and business requirements for the customer’s network. These teams also support the other distribution channels with advanced technical capabilities and application experience. Sales cycles in the VSAT network market vary significantly, with some sales requiring 18 months and even more, from an initial lead through signing of the contract, while sales stemming from an immediate need for product delivery can be completed within two to three months. Customers and Markets The company provides its Satellite Communication solutions to satellite operators, governments, system integrators, telecommunication companies and MNOs, satellite communication providers, ISPs, and homeland security and defense agencies. The company’s customers benefit from a single accountable partner for all of their satellite communication network needs; high credibility and experience; local presence and partnerships; industry-leading technology and system integration; flexibility and customization; and proven ability to deliver innovative end-to-end solutions. The company sells and distributes its products and provide services internationally, particularly in Latin America, Asia, the Asia Pacific, the U.S., Africa and Europe. The company sells VSAT communications networks and solutions primarily to service providers that mostly serve the enterprise consumer, cellular backhauling, and mobility market. The company has hundreds of such customers worldwide. Enterprise and service provider customers use the company’s networks for internet access, broadband data, voice and video connectivity and for applications, such as credit card authorizations, online banking, corporate intranet, interactive distance learning, lottery transactions, retail point-of-sale, inventory control and supervisory control and data acquisition, or SCADA, services. Service providers serving the rural communications market are typically public telephony and internet operators providing telephony and internet services through public call offices, telecenters, internet cafes or pay phones. Some of the rural communication projects are for government customers. Examples of the company’s rural telecom customers include Telefonica in Peru, Cable & Wireless in Panama and SCT in Mexico. Service providers for the consumer market are typically Telcos planning to expand internet service to the consumer markets. The company’s VSAT networks also provide underserved areas with a high-speed internet connection similar to digital subscriber line (DSL) service provided to residential users. Among such customers are Optus in Australia, Hispasat in Latin America, and SBBS in several countries in Europe. Public Rural Telecom Services The company’s VSATs provide reliable service, seldom require maintenance and, when necessary, repair is relatively simple. Enterprise and Government Agencies The company provides network equipment and related services to selected enterprises and government agencies. In some markets, existing telecom operators are mandated by the government to provide universal services. Providing these services in remote areas is a challenge to these operators, and they sometimes outsource these services to rural telecom service providers. These customers contract with Gilat Peru for VSAT equipment and associated network services to be deployed at customer locations, typically for a contract term of three to five years. The company also resells managed terrestrial connectivity equipment and services from facilities-based Local Exchange Carrier partners. Mobility Solutions The company provides satellite communication on the move systems with solutions for land, sea and air, while placing major focus on IFC. The company’s portfolio includes a cloud based VSAT network platform, high-speed modems, high performance on-the-move antennas and high efficiency, high power Solid State Power Amplifiers (SSPAs) and Block Upconverters (BUCs). SkyEdge family of Network Systems The company utilizes its SkyEdge II-c and SkyEdge IV systems to deliver efficient, reliable and affordable broadband connectivity, such as internet, voice, data and video in travelling environments. The systems support bandwidth-intensive services with a network management system that can manage all hub elements at all gateways from a central NOC location. SkyEdge II-c Taurus SkyEdge II-c Taurus is used for in-flight satellite communication connectivity with simultaneous support for broadband IFC and internet Protocol Television, or IPTV and is a key component of the company’s Ku and Ka aeronautical satellite communication solution, as its ultra-high-performance aero-modem manager (MODMAN) for in-flight connectivity. All SkyEdge II-c VSATs are full-featured IP routers, supporting enhanced IP routing features, such as DHCP, NAT/PAT and IGMP. Advanced application-based quality of service (QoS) guarantees the performance of real-time applications, such as VoIP and video streaming, while also supporting other data applications. SkyEdge II-c VSATs also support next generation IPv6 networking. Taurus will also be supported on SkyEdge IV. SkyEdge IV The SkyEdge IV system is the company’s next generation system for mobility. In addition to providing backward compatibility to the Taurus VSAT it is planned to support new mobility speeds of up to 1.5Gbps for IFC and Maritime with the Aquarius family. SkyEdge IV will also allow smooth operation between GEO and medium earth orbits MEO on the same VSATs. BlackRay The company’s BlackRay Satellite Communication terminals are specially designed for UAV and USV applications. These terminals have been used worldwide in commercial and military applications which require high-throughput communications and minimal size, weight, and power. The system’s miniscule dimensions allow Beyond-Line-of-Sight (BLoS) operations for even the smallest platforms, in harsh weather conditions, while supporting video and data downlink and uplink applications. These highly integrated terminals feature best-of-breed antenna, modem and BUC technologies developed and manufactured by the company. Customized solutions of the BlackRay platform are also available for specific customer platforms and needs. Unmanned Aerial Vehicles – The company’s BlackRay panel and parabolic systems serve the critical need to exploit the full capabilities of an aircraft’s operational range. As one of the industry’s smallest and most compact aerial solutions in its category, the company’s integrated approach can dramatically increase mission effectiveness. Raysat Low-Profile Satellite Communication on the Move Antenna Systems The company’s RaySat series consists of low-profile, in-motion, two-way antennas for satellite communication on the move. Compact, aerodynamic and vehicle-mounted, RaySat antennas deliver mission-critical data, voice and video in real-time. The company’s RaySat products operate in Ku and Ka bands and are intended for both civilian and military satellite communication on the move applications, such as: In-Flight Connectivity and UAS – Single and Dual Band solutions for commercial, business and military aviation, including panel based high efficiency antennas. In early 2022, the company successfully demonstrated with Airbus a flat ESA antenna with no moving parts. Train Data Connectivity – Reliable and wide band alternative to cellular based data connectivity for trains over satellite supporting high-speed trains. Provides access in remote and rural places with smooth coverage and cross-country access with no roaming limitation; Military - strategic military advantage by supporting the transfer of real-time intelligence while on-the-move with a small, low profile, hard to track antenna; Digital Satellite News Gathering – always on, no set up time, real-time streaming video; First Responders - supports vehicles’ mobility, agility and stability required for teams to be the first to reach the scene; and Search and exploration teams, close-to-shore vessels etc. A full suite of two-way, low-profile antennas is available with multiple onboard tracking sensors, enabling accurate tracking, short initial acquisition and instantaneous reacquisition. RaySat antenna products are designed, manufactured and assembled at the company’s facilities in Bulgaria. RaySat Antenna Products RaySat ER7000 maximizes throughput using high-efficiency waveguide panel technology and the antenna’s light weight ensures easy and safe vehicle mounting. It has been widely deployed on trains and large vehicles worldwide. Electronically-Steered-Array, Phased-Array Antenna (Electronically Steerable Antennas (ESA)/PAA) (Ka, Ku) is an ultra-slim (low-profile) antenna with no moving parts that electronically steers the transmission and reception beams towards the satellite, allowing operation even around the equator. The antenna design is highly scalable, with array dimensions that can be changed to optimally match specific gain requirements, making it suitable for a wide range of mobile platforms (aerial, land and maritime) and various throughput performance needs. Owing to its scalability and ultra-low profile, the antenna is particularly suited to supporting mobile connectivity for platforms that are constrained by size and weight. Other Antennas that are supported are RaySat’s SR300; BRP 60; BR 71/72 and ER5000. SR 300 and ER 5000 are COTM antennas that are used for commercial defense and government applications. BRP 60 and BR71/72 are used for UAS applications. Integrated Solutions segment This segment is focused on developing, manufacturing, and supplying products and solutions for mission-critical defense and broadcast satellite communications systems, advanced on-the-move and on-the-pause satellite communications equipment, systems and solutions, including airborne, ground-mobile satellite systems and solutions. The integrated solutions product portfolio consists of leading high-efficiency, high-power SSPAs, BUCs and transceivers with a field-proven, high-performance variety of frequency bands. The company’s customers are satellite operators, In-Flight Connectivity service providers, defense and homeland security system integrators, and NGSO gateway integrators. This segment designs and manufactures next generation SSPA’s for mission-critical defense and broadcast satellite communications systems. Its innovative, patented Spatial AdvantEdge technology provides higher output power, greater reliability and lower energy usage in more compact packages than traditional amplifier solutions. Integrated Solutions product line meets the growing demand for greater efficiency and significant lifecycle cost reductions for satellite communications systems worldwide. Integrated Solutions headquarters, research and development, engineering and manufacturing facilities are located in San Dimas, California, with an additional research and development centers in Israel, Singapore and Bulgaria. Integrated Solutions product line is manufactured in the San Dimas facility. The Integrated Solutions product line addresses the following applications and markets: Defense Communications - satellite-based airborne and highly secured point-to-point. This market is typically categorized by customers requiring high quality products – at times for mission critical communications in extreme environmental conditions. The satellite terminals (e.g., VSAT, Single Channel Per Carrier, or SCPC) are usually provided to the defense agencies via system integrators and not directly from the power amplifier suppliers. Government - public safety, emergency response and disaster recovery. Similar to the market for defense agencies, though usually less demanding in terms of environmental conditions, these terminals are provided to various local, state and federal agencies that need to manage. emergency communications. The satellite terminals (e.g., VSAT and SCPC) are usually provided via system integrators or service providers and not directly from the power amplifier suppliers. Commercial Terminals - A high power amplifier is used with high-end VSAT terminals for various applications where there is the requirement to transmit large amounts of data. Examples include airborne IFC terminals/antennas in commercial and business airplanes, high speed for internet access, NGSO satellite constellations and gateway opportunities. The satellite terminals/antennas are usually provided via system integrators, service providers or airframe manufacturers and not directly from the power amplifier suppliers. Integrated Solutions customers include the U.S. Army; Tampa Microwave; DataPath, Inc.; General Dynamics Satcom Mission Systems; Honeywell International Inc.; L-3 Harris; Anuvu; and Hughes Networks System LLC. RF Amplifiers, BUCs and Transceivers The Integrated Solutions product line consists of Radio Frequency (RF) amplifiers, BUCs and transceivers that use solid-state sources to produce high power at microwave and millimeter-wave frequencies. The company’s patented Spatial AdvantEdge technology allows it to create more compact product packages that provide higher power, greater reliability and improved efficiency for any mission-critical applications. The spatially power combined amplifier employs a different technique for combining the transistor outputs than traditional Monolithic Microwave Integrated Circuit, or MMIC, based amplifiers. Rather than combining in multiple steps, increasing loss and size with each combining stage, all transistor outputs are combined in a single step. Many amplifying elements synchronously amplify the input signal, and their outputs are combined in free space for very high combining efficiency. The company’s Integrated Solutions patented technology allows it to create amplifiers and BUCs with high output power in more compact product packages that generate less heat, use less energy, and reduce lifecycle costs. The company’s Integrated Solutions products help customers meet the stringent power requirements for mission-critical communications system. The company performs full factory acceptance testing on every unit it manufactures and delivers, ensuring each product has guaranteed performance over the full temperature range and over extended frequency bands. The company has established a leadership position with its compact, highly efficient Solid-State Power Amplifiers (SSPAs) with a field-proven family of high to medium powered Ka, Ku, and X band products. The company’s Integrated Solutions line of products are designed and tested to meet strenuous requirements for temperature, shock and vibration, over the full range of frequency and at the extremes of environmental performance specifications. The company’s Integrated Solutions field-proven technology and reputation for innovation and quality drive solutions for multiple applications targeting military, aerospace, commercial and broadcast satellite systems. AeroStream The Integrated Solutions AeroStream is a state-of-the-art transceiver for challenging inflight satellite communications environments. AeroStream products meet RTCA/DO-160G, Boeing, Airbus and ARINC specifications for commercial aircraft, as well as MIL-STD requirements for military aircraft. The AeroStream transceiver is in certification process with the Federal Aviation Agency (FAA). AeroStream incorporates Integrated Solutions next generation Spatial AdvantEdge technology to provide high power output with greater efficiency and reliability for airborne satellite communications applications. The AeroStream transceiver offers all necessary interfaces to work seamlessly with leading modems and Antenna Control Units, or ACUs, to provide a convenient turnkey solution. The company offers fully integrated solutions based on its own technology and components. The company’s integrated solutions feature the highest standards of reliability and efficiency combining its own VSAT/modems, antennas and BUCs. The company leverages its innovative and industry-leading technological capabilities from R&D centers around the world. Network Infrastructure and Services segment This segment is focused on telecom operation and implementation of large-scale network projects in Peru. The company provides terrestrial (fiber optic and wireless network) and satellite network construction and operation. The company serves its customers through technology integration, managed networks and services, connectivity services, internet access and telephony over its own networks. The company implements projects using various technologies (including its equipment), mainly based on Build Operate Transfer (BOT) and Build Own Operate (BOO) contracts. The company provides network infrastructure construction of the fiber and wireless network of PRONATEL (the Programa Nacional de Telecomunicaciones) in Peru mainly through BOT and BOO contracts subsidized by the government. Accordingly, the company builds the infrastructure, act as a licensed telecommunications operator for a defined period and in some of the cases, then transfer the network to the customer (a governmental entity). The company has been awarded large-scale government contracts to build and operate, and in certain cases, to, transfer fiber and wireless networks of PRONATEL in Peru, namely the Peru Regionals Projects. The company expects to continue to generate additional revenues from the PRONATEL Regional Projects to be operated by it by enabling cellular carriers and other service providers to acquire capacity over these networks to address the growing needs for voice, data, and internet in these regions, as well as the development of platforms for e-learning, e-health and similar applications. These additional revenues together with the revenue from the operation of the networks are part of the company’s Fixed Networks segment revenues, while the construction of the PRONATEL Regional Projects is accounted under its Terrestrial Infrastructure Projects segment. The company has completed the construction phase of the four PRONATEL Regional Projects awarded to it in 2015 and is in the operation phase of the access network. The company will operate the access networks for 10 years, prior to transferring them to the Peruvian government. In 2018, the company was awarded two additional PRONATEL Regional Projects for the construction and operation of networks. The construction phase was prolonged due to continued delays and due to preventative measures taken by Peruvian governmental authorities with respect to COVID-19 pandemic. As a result, the expected total duration of these projects is expected to be 16 years. Under these PRONATEL Regional Projects the company will deliver transport networks and operates them for up to eighteen months before transferring them to the Peruvian government. The access networks, which the company will operate for 10 years, will be owned by it. In September 2021, PRONATEL awarded the company a two-year contract for the operation and maintenance of the transport networks that are part of the projects awarded to it in March 2015 and a three-year contract for the operation and maintenance of the transport networks that are part of the project awarded to it in December 2015. The company’s Peruvian subsidiary has offices in Lima, Peru, as well as in the principal cities in the regions awarded. Growth Strategy The key elements of the company's strategy are to continue to serve as a key partner of very high throughput satellites (VHTS), high throughput satellites (HTS) and Non-GEO-Stationary Orbit (NGSO) satellite operators; expand its presence in the IFC market; fortify its leadership position in the 4G/LTE and 5G cellular backhaul market; expand its presence in the defense and on-the-move satcom market; and provide internet broadband to rural areas. Sales and Marketing The company uses direct and indirect sales channels to market its equipment and related services. The company’s sales team of account managers and sales engineers are the primary account interfaces and work to establish account relationships and determine technical and business demands. Competition In the equipment market, the company faces competition from providers of satellite communications systems, products and services, such as HNS (Hughes Network Systems, LLC (owned by EchoStar Corporation)), ViaSat (ViaSat Inc.), ST Engineering iDirect (Singapore Technologies Engineering Ltd.), Comtech (Comtech Telecommunications Corp.) and a few other smaller providers. The company competes in some HTS and VHTS markets with competitors, such as HNS. The company’s low-profile on the move antennas compete with products from competitors, such as Cobham, Panasonic Corporation, Orbit (Orbit Communication Systems), GetSat (GetSAT Communication Ltd.), Thinkom (Thinkom Solutions), C-Com Satellite Systems Inc., Wiworld Co Ltd., L-3 Harris, SATPRO M&C Tech Co., Ltd. and Tecom (Tecom Industries, Inc.). The company’s primary competitors with respect to its BUCs and other Integrates Solutions products are CPI (Communications & Power Industries LLC), General Dynamics Satcom Technologies, Paradise Datacom, Xicom (Comtech Xicom Technology Inc.), and Mission Microwave Technologies. Trademarks The marks Gilat, SkyEdge, Wavestream, AeroStream, Raysat, SatTrooper, and Spatial AdvantEdge and other marks are trademarks of the company and its subsidiaries. History Gilat Satellite Networks Ltd. was founded in 1987. The company was incorporated in Israel in 1987.