GILT Stock Shot Up Nearly 5% Today – What’s The Boeing Connection?

• Boeing advanced plans to offer the company’s Sidewinder antenna through inflight connectivity partners.
• The technology aims to improve multi-orbit in-flight broadband connectivity for service providers.
• Boeing will support integration through IFC partners to speed up deployment.

Shares of Gilat Satellite Networks (GILT) rose nearly 5% in pre-market trading on Tuesday after The Boeing Company (BA) and the firm reached a milestone toward offering Gilat’s multi-orbit Sidewinder electronically steered antenna (ESA). 

The company announced that it will be positioned as a future line-fit solution for in-flight connectivity service providers.

Boeing Speeds Up In-Flight Connectivity With Sidewinder ESA

Through in-flight connectivity (IFC) partners, Boeing will offer line-fit installation of the Sidewinder terminal to accelerate the adoption of advanced in-flight broadband connectivity.

The compact ESA design makes installation easier, reduces long-term maintenance, and eliminates the costs and downtime associated with retrofit programs. It helps aircraft enter service sooner with fully integrated connectivity.

With an open, no-lock-in model, Sidewinder allows airlines to improve onboard services and efficiency and scale to meet rising connectivity demand.

Ron Levin, president of Gilat Commercial Division, said, “Partnering with Boeing for this line-fit program is a true honor and reflects our focus on bringing advanced connectivity solutions to the aviation market. Sidewinder stands out as the industry’s leading multi‑orbit ESA terminal, and we are proud to be certifying it for line-fit for IFC Service Providers.”

GILT Stock: What Retail Traders Think

Retail sentiment on Stocktwits for Gilat is “bullish,” with message volume being “high.”

Retail sentiment on Stocktwits surrounding Boeing is “bullish,” supported by “high” message volume. Message activity has surged over 125% over the past seven days and a whopping 1112.5% in the last 30 days.

GILT stock is up over 22% year-to-date, while BA stock has risen over 2% in the same period.

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