Gilat Responds to Filing of Class Action Lawsuits

VSAT NEWS

Petah Tikva - Mar 12, 2002
Gilat Satellite Networks Ltd. said today that it has become aware of two securities class action lawsuits filed against it and certain of its officers and directors.

The litigation includes actions filed on March 11, 2002 in the United States District Court for the Eastern District of New York and on March 11, 2002 in the United States District Court for the Eastern District of Virginia.

These complaints are brought on behalf of purchasers of securities of the Company between August 14, 2000 and October 2, 2001 inclusive, and allege violations of the federal securities laws and claim that the defendants issued material misrepresentations to the market.

The Company has not received the complaints to date but has reviewed one of the complaints available online and believes that the lawsuits are without merit. The Company intends to vigorously defend its position in this litigation.

VSAT NEWS

Gilat Continues To Connect Rural Peru Via VSAT Rollout

Lima - Feb 26, 2002
Gilat Satellite Networks Ltd. announced Monday that it has signed a new contract with Fondo de Inversion en Telecomunicaciones del Peru (FITEL) to provide a fixed rural satellite telephony network. The FITEL network will serve more than 1,300 communities throughout Peru. The value of the project is approximately US$9.7 million.

SUPERPOWERS US Warned Not To Ignore Chinese Military Advances	NUKEWARS India Sees New Urgency For Abolition Of Nuclear Weapons Russian Defense Minister Meets With Bush, Rice, Rumsfeld China Still Fuming Over Taiwan Defence Minister's US Visit New US Proposals Could Quash Nuclear Taboos
MISSILE NEWS Experts Fret Over China's Role In Weapons Proliferation North Korea Expanding Missile Sales: US General Iran Puts Off FM's Trip To Russia In Spat Over Meetings Scud "Axis" An Alliance With Missiles But No Direction	MISSILE DEFENSE Missiles In "Position" As India Mulls Further Action Against Pakistan Abm Pullout: The Phonecall That Soured Putin's Year. Or Did It? US Official Defends Plans for Missile Defense Despite Test Failure
AEROSPACE Boeing Signs Technology Development Agreement With JAI For Work On Sonic Cruiser Boeing Sonic Cruiser Completes First Wind Tunnel Tests	UAV NEWS Northrop Grumman To Begin Initial Production Of Global Hawks Aurora Flight Sciences To Help Tool Up For Global Hawk Production Northrop Grumman Awarded $41.5 Million Global Hawk Contract Boeing's Condit Downplays Prospects For Share In JSF Bounty
IRAQ WARS	MILTECH

The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement