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Gilat Satellite Networks to buy most of Comtech’s satellite & space communications business for $157.5M—targeting U.S. defense s
Gilat Satellite Networks has signed a definitive agreement to acquire the majority of Comtech Telecommunications’ Satellite & Space Communications segment for $157.5 million in cash (cash-free, debt-free), subject to working-capital adjustments. The deal is framed as a consolidation of advanced defense and satellite communications ground technology and follows a previously failed Comtech acquisition attempt by Gilat.
