Gilat Satellite Networks Ltd (GILT)

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Eli,

A partial reason ?

Israeli entities awarded €26m from EU R&D program

Chief Scientist Dr. Eli Opper: The return for Israeli industry and the economy is five to tens times its investment in the program.

Hadas Manor 15 Dec 05 18:04

Israeli companies and research institutes participating in the EU Sixth Framework Programme for R&D have been awarded €26 million. The breakdown of grants is as follows: €14 million for information technology (IT) projects; €8 million for nanotechnology projects; and €4 million for aeronautical projects.
The EU Commission in Brussels said winning IT companies and research institutes included IBM Israel, Israel Aircraft Industries Ltd. (IAI), Comverse Technology Inc. (Nasdaq: CMVT), Gilat Satellite Networks Ltd. (Nasdaq: GILTF; TASE:GILTF),

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Regards,

Dubi