Europe, Middle East and Africa Markets

The satellite ecosystem has been going through a period of tremendous change and growth overthe last few years. According to Euroconsult (now known as Novaspace), the global space economy grew over 34% in the five years to 2023 to be worth US$ 509 billion and is projected to continue growing to reach US$759 billion by 2030. A lot of this growth is attributed to “New Space,” a generic term, referring to the rapid changes taking place in the satellite ecosystem.

Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT),today reported its results for the third quarter, ended September 30, 2024. The company reported  revenues of US$ 74.6 million, up 17% compared with US$ 63.9 million in Q3 2023;

Third Quarter 2024 Financial Highlights

ST Engineering iDirect, a global leader in satellite communications, announced that its Manufacturing Competence Center (MCC) has been selected by Exail, a leading high-tech industrial champion specializing in cutting-edge robotics, maritime and navigation technologies, to deliver the electronics for the underwater drones of the joint Mine Counter Measure Program (MCM) of the Belgian and Dutch navies.

Terrasat Communications Inc., a long-standing provider of satellite communication solutions for block upconverters and high-power amplifier technologies, introduces its newest lineup of Ka-band Intelligent Block Upconverters (IBUCs), designed to deliver enhanced flexibility for multi-orbit connectivity. The IBUC G and IBUC 2G models meet the evolving demands of modern satellite networks, supporting single, dual, and tri-band operations across frequencies from 27.5 to 31.0 GHz.