When I was in my twenties, it was possible to show up to the airport 30 minutes before a flight and still have time for a coffee before boarding. Over the last two decades, the time required at the airport before a flight has increased, taking a sharp rise in the aftermath of the September 11th terror attacks.
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Gilat Satellite Networks Ltd. (NASDAQ: GILT) has been selected by one of the largest Southeast Asian telecommunication operators to provide satellite-based broadband Internet connectivity to around 2,500 schools nationwide. Adding to the tens of thousands of schools around the world already supported by Gilat’s SkyEdge VSATs for broadband Internet access, this project includes the deployment of two SkyEdge II HUBs and WebEnhance VSATs for the schools.
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The high throughput carriers enable coverage of wide multi-spot beam transponders with less forward channel carriers. Gilat Satellite Networks Ltd. (Nasdaq:GILT) announced it will introduce an enhanced forward channel technology in SkyEdge II-c that will provide an increase in the DVB-S2 bandwidth forward channel to 66Msps and improve efficiency with a 1.1 roll-off factor and savings of up to 10 percent in satellite capacity.
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Satellite communications companies are rolling out new products to improve the ability of warfighters to stay connected in austere terrain. Gilat Satellite Networks, an Israeli firm that makes a suite of popular Satcom on the Move (SOTM) systems for military and homeland security customers, is working on a series of upgrades to its product line.
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The large NBN project in Australia drove revenue and EBITDA higher y/y, $82.8M vs. $76.6M and $5.1M vs. $3M, respectively. The commercial segment continues to support the business – despite moving through a transition from general connectivity to broadband internet. Several wins at Home Depot and Meijer were announced. The defense segment continues to have uncertainty, but international wins in Asia and Israel are starting to show the fruits of management’s efforts to diversify away from the US
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