Gilat Satellite Advances Most in 6 Weeks on Russia Contract

Gilat Satellite Networks Ltd. (GILT) climbed the most in more than six weeks as the developer of satellite-networking technology said it was selected by Snyterra ZAO to provide equipment for a broadband network in Russia.

The shares jumped 4.3 percent, the biggest increase since May 29, to 16.40 shekels at the 4:30 p.m. close in Tel Aviv.

To contact the reporter on this story: Susan Lerner in Jerusalem at slerner2@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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