Gilat Satellite awarded $20M multi-year contract with leading delivery service

Gilat Satellite announced that its wholly owned subsidiary Spacenet has been awarded a 5-year base contract by one of the world's leading delivery service organizations to upgrade and provide network connectivity to more than 5,700 locations. The contract, valued at over $20M, includes an option to extend the 5-year base period of performance for three further periods of 3-years for a total potential contract period of 14 years. The contract is part of a major initiative to reduce overall operating costs at the delivery service organization, while improving the user experience at each location. The contract includes serving more than 1,900 sites with broadband connectivity and more than 3,800 sites with satellite-based VSAT technology.