Satellite ground hardware provider Gilat reports double-digit revenue, profit growth in 2022 & more of the same in 2023

by Peter B. de Selding

PARIS — Satellite ground hardware provider Gilat Satellite Networks reported double-digit increases in revenue and adjusted EBITDA for 2022 and forecasted more of the same for 2023 on continued rising demand for fixed and mobile broadband connectivity from geostationary and non-geostationary satellite networks.

Gilat Chief Executive Adi Sfadia said the in-flight connectivity (IFC) market has now left the Covid pandemic well behind it and has returned to pre-Covid growth rates.

Among other customers, Israel-based Gilat has a broad partnership with satellite fleet operator . . .

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