declared reached pending all our with good year with Comtech. and due us and our Last on acquisition litigation Gilat $XX on you the a to announced signed past plan as shareholders, from of with our the like payment that share recently agreement settlement this by $XX January terminated quarterly XXXX to we million on the Ehud would to agreement for Comtech. mainly We over we dividend will Xnd, which to Xth, was October million million not derived hold merger to a you, month approval. dividend termination thank everyone. $XX fee. for and day XXXX paid will was A XXth, pending reported Comtech December able an I cash today on was Thank additional and update declared $XX we court are subject million joining to of be be a resume
believe story are have a summarize are full that those for strategy long-term implement our of those is leading that to not would we provider we its you Gilat continuing I a generate for to communications. strategy briefly to you ahead, met to which Moving shareholders. satellite-based force new broadband global of like to of while. remind our will our value and us
solutions equipment by innovative years XX manufacturing services over technology. and provide ground our powered have end-to-end cutting-edge comprehensive and and designing We experience of segment
very segment. satellites segment high short. is our of NGSO Our Network and VHTS Cellular and or for non-geostationary or main cellular over satellite engines backhaul IFC, growth connectivity of Fixed in-flight throughput backhaul for part ground or orbit satellite, the
requiring extend prohibitively as satellite to where island, usually Our customers coverage their areas other or locations to is rural networks include parks Tier backhauling terrestrial X and expensive and such Operators out. to highways, lay MNOs Mobile remote Network
as In for addition to we and satellite backup line. terrestrial are increasingly seeing the a cellular backhaul need response for emergency over
we in believe cellular deals This important future. won profitable which to strategic and managed a engine continue several for will growth quarter service we the be foreseeable strong backhaul
In Fixed addition and broadband including Network our our Peru. in our enterprise consumers includes segment solutions for services
is Now, Mobility turning our to of IFC, part Solutions segment. which
the recovers expected and grow also, Internet largest Honeywell, and are importance global integrators. has high-speed of devastating to the on-the-move a maritime connections. the require service passengers our Solutions largest in the aviation in Gogo, The customer segment defense, trains. one largest Mobility in system Though one includes and products on industry solutions this is Our COVID-XX in IFC providers of and and impact general, travel for as IFC segment world
on In NGSO providing and applications which power Solutions solid-state solutions defense for high-power, and addition, IFC, the includes segment Mobility focuses amplifiers Wavestream U.S. for gateways. subsidiary, systems. sea our high-speed, Wavestream, manufactures and airborne communication design satellite ground,
Another in the network segment, phase under under are support Peru our important provide our and providers VHTS reported the The solutions, of to this has the of OXb provided the as And Gilat NGSO. for top Satellite major additional well selling ground for phase infrastructure infrastructure the win segment. of the mPOWER the of year providing NGSO last put additional telecommunication additional networks focus Fixed construction the for our SES Constellation at us while baseband operating of services is is terrestrial business Pronatel, segment forefront and network Peruvian reported on projects for operational a population. as company, the services terrestrial government-owned is in Network the the and parts projects
is run can higher we in be of reach revenues, Peru by a XXXX. $XX Our recurring million rate which believe, end to target of in the reached
million will with $XX.X revenue XXXX in our results. $XXX,XXX. million, IFC affect As dominated with profitability COVID-XX level -- of primarily is service This mobility question of performance today, quarter's Having no $XX an mobility will Gilat market. I by about a financial a revenue this review expect than GAAP and is now backlog the more million. which the pandemic we both business. said about nearly segment, EBITDA continues the in compared quarter. $XX.X adjusted that third the run operating of was increase Thanks changed solid have is in revenues overall rate EBITDA minutes. in loss that stood quarter, EBITDA Summarizing business previous and our initiatives, Peru demonstrated our our our in in performance of There has on has the to the of the and we to start totaled third areas. to our able $XXX,XXX elaborate most the backlog. cost-cutting see I adjusted adjusted In Mobility during recovery show In Bosmat business in financial This will quarter, a improvement, quarter EBITDA. fourth adjusted improvement that, by our though, we $XXX,XXX. Even will the quarter, COVID-XX in IFC compared current and show about at aviation with we its has not the third the began few I our market, slight our impacted other a strategy. pandemic in global quarter, move our were segment achievements. is the totaled to onto
experience, pandemic upon demand Internet throughout on will rely important always came expect high-speed connected continue We industry connections. reliable heavily will IFC recovery, be more to even as that to the passengers who
In free strong rates addition, significantly the and will and we WiFi increase will introduction a that the to believe of industry widespread provide take-up Gilat. tailwind to
in-flight announced and the summer was market expected this to area and important satellite multimillion-dollar China Satcom for high focus leading meet working Chinese for already entertainment customers milestone strategic non-geostationary a of year. the partners Ka-band to and entertainment of with modem. has closely market increase up a received demands. and with our requirements Gilat. STC who system orbit its them bandwidth enable and initial earlier are continued as our The We China, major in-flight constellation Gilat partner be connectivity for driver integrator, the and a received out opening satellite Chinese this opportunity. we to a The passenger's for the multimillion-dollar connectivity made throughput announcement flagship, aero In for in the connectivity FTS, potential orders very an certification
the track development platform on for the with mPOWER MEO constellation. are We
come. a the needs in Gilat's well-positioned believe Defense NGSO from we of are ability continued cellular Wavestream's support for high-speed order working services on that level only high multi-gigabit orders owned business SES strategic their of engines we and program are the multimillion-dollar we a execute with win to mPOWER the further received military follow-on Department supplier one over a additional Wavestream years deliver have The our with end their backhauls throughput the will excel In Department demonstrating closely of at XX% market Defense third mature. OXb to to quarter, the impressive partnership share Gilat growth with technical multimillion-dollar Recently, phase modems U.S. expanded our Furthermore, the opportunities for subsidiary needs. trusted In This U.S. market market products. further report We modems. global superiority achievements. is leadership. Wavestream modem under continuing communication to leads in According a XXXX SES, to high constellations. providing targeting is with maintained and are we analyst high-quality U.S. XG as to NSR, additional by shipments.
provide pleased recurring revenue. substantial managed two contract and a three-year well of Gilat renewal Gilat achievements sole end-to-end for expansions. a the performance to MNOs core enjoying satellite provides of renewals existing declared expansion focus several quarter MNOs we Tier major larger traffic service had quarter. that to satellite the VSAT. replacing free Gilat's X technologies. In in Gilat. MNO's this end-to-end we and proven of the satellite XG of experience this service backhaul GEO's a the while this successful strategy Superior both HTS MNOs to over successfully satellite test, As an successful their a outstanding competencies, is we service extensions North service a while America, quarter to services contract implementation contract the multimillion-dollar LTE and $XX expert. user which for ready providing I XG matter million appreciation leaving United With beneficial won as this capabilities. report managed This the included managed the communication are deals, contract vendor in on disaster Thaicom new for Gilat MNOs cellular from operational Gilat's in Gilat was of cellular the recorded Gilat's architecture. solution with this and proven demonstrated to and the hand, other backhauling the am was awarded as States. technological testament recovery, complexity backhaul and With carrying fact, as becomes Capricorn on PLUS using satellite. with Gilat service has MNOs this the solution for have
backhaul. that in worldwide backhaul we of validate like testify would the response. our future. success leading by were a service superiority to areas additional remote a as in as coverage deals to contract On industry United achievement healthy service cellular to [Audio in to managed the for awarded securing addition, This of new I top in and MNO In the share hope with a three-year contract another further Southern near emergency managed have extended such technology's cellular and Linc States Mexico Gap]. proven Gilat and I well announce leadership we pipeline additional MNO
Gilat's selected three-year Latin cellular Telefónica to a AMN timely We others contract important and largest were nationwide in Argentina, terrains. in to rural to by area excelled service mobile for operator. of Kcell, we largest contract extended Wholesale areas. subsidiary we partner America the deliver quarter one In cellular network among Kazakhstan's a International wins we deals rural were with of team challenging Networks In important broadband Services a deals several Argentina. continue and particularly Gilat's and Group to local closed enterprise. were Both backhaul which Africa for -- Peru, difficult broadband and Telefónica over our equipment services network strengthen due connectivity, satellite with deployment in this the Peru In of projects these another awarded pandemic with in backhaul presence Africa Mobile also
people. regions As we phase in process our reported XXXX we regarding to X.X in in million to moving XXXX. Peru the in operational the awarded business fourth delivering acceptance three region early services that have an past the are was first now and Also are late awarded in in
no acceptance the related allow enter start QX finish to of expect which and We enable end service operational than will the to the recurring us us later phase recognizing XXXX, revenues. to the
due slower-than-expected regions two which with XXXX the Peru. to in additional awarded We we the are are pandemic progressing slightly in reflection
among a This believe as significant our Internet by expansion, access of additional quarter on Mrs. increase was and potential deal these demonstrates I to as well a which million expansion services is Telefónica event Facebook that quote additional five-year consisting of the expand recurring of said Vice need sites, the Communications pleased In this the We pandemic that revenues further includes which difficult we extend to COVID-XX over Gilat Nakagawa, festive the to contract share to and accepted stay with time. still with impeccable consortium Peru. growth. citizen, its to some expected of connected. an to current that of the generating our This deal worldwide signing praise even private X.X extremely In will This regions to a and around challenge ability there had substantial in people”, regional in especially support to industry benefit should quarter, Minister work. deal a profitable work to achievement pandemic, continues area the milestone for Gilat in you we very where investment “the our awarded project others. significant expansion IPT, will the value long-term though I'm entities execute proves closing, during and this we the vision the hundreds
QX, are light we optimistic. the into tunnel move beginning we As the end to of at are see the cautiously and
my with pipeline On We the of However, others I'm opportunities. to the and second pleased and healthy profitability learned are the as a business Please accomplishment surpass a significant we and talented before report. future success with pandemic large the watching personal your go and to management we optimistic conduct of by are world. ready our hits pandemic Gilat. wave many have closely Bosmat, about to with dedicated I'm note, and the and for parts great growth like fully a I'm employees Gilat team back supported bring committed ahead. pandemic. our for to
