Gilat Satellite Networks Awarded Contract for Telecom Systems at Peruvian Airports
Gilat Satellite Networks, Ltd. (GILT) announced on February 4 that the company was awarded a multi-million-dollar contract. Under the terms of the contract, Gilat will provide mission telecom systems for 29 airports in Peru. Gilat, a global leader in satellite-based broadband communications, has successfully completed several other large government projects in Peru.
Sonal issued a news alert to subscribers at 7:09 am. The next trade took place at 7:10 am for $13.32. Gilat’s stock price experienced a small gain following the announcement, but the stock price rose sharply over the next four trading sessions. The stock closed at $20.17 on February 10 with a 51% gain over five trading days.
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