Glenn Katz Will Assume the Role of CEO

PETAH TIKVA, Israel, Nov. 28, 2011 (GLOBE NEWSWIRE) -- Gilat Satellite
Networks Ltd. (Nasdaq:GILT) today announced the appointment of Glenn
Katz as CEO of its wholly owned subsidiary, Spacenet Inc.

Currently serving as President and Chief Operating Officer of Spacenet,
Glenn Katz will assume the responsibility of CEO effective January 1,
2012. Mr. Katz has been serving in his current role since 2006,
fostering the company's year over year growth in revenue and managing
its strategic business initiatives. An industry veteran, Mr. Katz
serves as the driving force behind Spacenet's ongoing improvements to
its product portfolio and service delivery.

Andreas M. Georghiou, Spacenet's current CEO, will continue to serve as
external advisor to Gilat's executive management team. Mr. Georghiou
was appointed CEO in 2006, and under his leadership Spacenet has
demonstrated improvements across key business indicators, delivering
growth in revenues and profitability. Mr. Georghiou has been
instrumental in broadening the strategic direction of Spacenet to
include Managed Network Services for both enterprise and government
customers.

With the acquisition earlier in 2011 of CICAT Networks, a US nationwide
provider of broadband network solutions, Spacenet expanded its business
in the broadband Managed Network Services market and is further
leveraging its core network management, call center and field services
capabilities. The acquisition marked an important step as Spacenet
solidifies its position as a leading provider of a comprehensive range
of communications solutions to help nationwide multi-site organizations
manage their networks more efficiently and effectively.

"I would like to thank Andreas for his valuable contribution during the
past few years, and I am pleased that we will continue to benefit from
his familiarity with Spacenet and his tremendous knowledge of our
industry," said Amiram Levinberg, Gilat's Chairman of the Board and
CEO. "In the past year, Spacenet has made strategic steps to become an
important player in the Managed Network Services market, and has
enjoyed a strong track record with enterprise customers across the
industry. Glenn has contributed significantly to this positioning, and
I am confident that with his business and managerial experience he will
lead Spacenet to future achievements in this new stage of growth."

"I am extremely excited for the opportunity to lead Spacenet as it
continues its strong momentum in the enterprise and government markets,
and as it further builds its position in the Managed Network Services
industry," said Glenn Katz, Spacenet's CEO-elect. "With a strong
management team in place, new products and services, and a trusted
customer base, we have a great opportunity to continue showing
profitability and delivering ongoing growth."

Prior to joining Spacenet, Mr. Katz was the Interim CEO and CIO of
StarBand Communications Inc., a consumer broadband satellite company.
As the Interim CEO he led the merger between StarBand and Spacenet Inc.
that was concluded in 2006. Prior to joining StarBand, Mr. Katz held
several executive roles with Gilat Satellite Networks in both Gilat's
headquarters and US subsidiary, and helped launch Gilat Latin America,
Inc. serving as Chief Technical Officer and VP of Operations. Before
joining Gilat in 1993, Mr. Katz worked with Digital Transmission
Systems, and Scientific Atlanta, serving as a design and development
engineer in both companies. Mr. Katz holds undergraduate and graduate
degrees in Electrical Engineering from the Georgia Institute of
Technology in Atlanta, Georgia.

About Gilat

Gilat Satellite Networks Ltd. is a leading provider of products and
professional services for satellite-based broadband communications
networks worldwide. Gilat was founded in 1987 and has shipped over 1
million Very Small Aperture Terminals (VSATs) to more than 85 countries
across six continents. Gilat's headquarters is located in Petah Tikva,
Israel. The Company has 22 sales and service offices worldwide. Gilat
develops and markets an expansive range of broadband satellite
solutions including high-performance VSATs under the SkyEdgeTM and
SkyEdge II brands, low-profile antennas for satcom-on-the-move, under
the RaySat Antenna Systems and the StealthRayTM brands and next
generation solid-state power amplifiers for mission-critical defense
and broadcast satellite communications systems under the Wavestream
brand. Gilat's wholly-owned subsidiary, Spacenet Inc., is a leading
provider of Managed Network Services in North America to the business
and government segments. Visit Gilat at www.gilat.com.

The Gilat Satellite Networks Ltd. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5848

About Spacenet(R)

Since 1981, Spacenet Inc. has designed, implemented and managed some of
the largest communications networks for US based business, industrial
and government customers. Spacenet has a longstanding tradition of
industry leadership and innovation, and today manages communications at
more than 130,000 locations for customers including many Fortune 500
companies and major government agencies. The company offers a complete
product and services portfolio for converged voice and data
applications ranging from primary communications and secure data
transfer, to hot stand-by solutions for continuity of operations and
network backup, or field deployable solutions for disaster recovery and
emergency management. Spacenet is based in McLean, Virginia, and
operates its own end-to-end services infrastructure including network
management, field services and teleport facilities in McLean, VA;
Atlanta, Georgia; and Chicago, Illinois. Spacenet is a wholly owned
subsidiary of Gilat Satellite Networks Ltd. (Nasdaq:GILT). Visit
Spacenet at www.spacenet.com

Certain statements made herein that are not historical are
forward-looking within the meaning of the Private Securities Litigation
Reform Act of 1995. The words "estimate", "project", "intend",
"expect", "believe" and similar expressions are intended to identify
forward-looking statements. These forward-looking statements involve
known and unknown risks and uncertainties. Many factors could cause the
actual results, performance or achievements of Gilat to be materially
different from any future results, performance or achievements that may
be expressed or implied by such forward-looking statements, including,
among others, changes in general economic and business conditions,
inability to maintain market acceptance to Gilat's products, inability
to timely develop and introduce new technologies, products and
applications, rapid changes in the market for Gilat's products, loss of
market share and pressure on prices resulting from competition,
introduction of competing products by other companies, inability to
manage growth and expansion, loss of key OEM partners, inability to
attract and retain qualified personnel, inability to protect the
Company's proprietary technology and risks associated with Gilat's
international operations and its location in Israel. For additional
information regarding these and other risks and uncertainties
associated with Gilat's business, reference is made to Gilat's reports
filed from time to time with the Securities and Exchange Commission.


CONTACT: Karen Mazor
         Gilat Satellite Networks
         karenm@gilat.com