Gilat's Spacenet Wins VSAT Deal

PETAH TIKVA, Israel -- Gilat SatelliteNetworks Ltd. (Nasdaq:GILT), a worldwide leader in satellite networkingtechnology, solutions and services today announced that its whollyowned subsidiary, Spacenet Inc., a leading provider of managed networkservices, was selected to continue its provision of VSAT networkservices to a major retailer with thousands of locations in the U.S.

This five year extension to 2018, with the two years remaining onpreviously scheduled services, brings the contract value to $27million. With potential store expansions, the contract value could growto $35 million.

Gilat Satellite Networks Ltd. (Nasdaq: GILT)