Satellite ground equipment and services provider Gilat Satellite Networks on Feb. 18 reported sharply lower revenue and operating earnings for 2013 but said its backlog rose on South American government broadband-deployment contracts. Petah Tikva, Israel-based Gilat said it is streamlining its operations but not letting up on research-and-development spending on Ka-band broadband applications for military, civil and commercial markets, both fixed and mobile. In a conference call with investors, Gilat Ghief Executive Erez Antebi said 2013 was "a challenging year" as the company's forecast U.S. military business stalled with the U.S. government's budget sequestration.
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