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Gilat to acquire Comtech’s satellite & space communications segment for $157.5M, targeting U.S. defense satcom growth
Gilat Satellite Networks has entered a definitive agreement to acquire most of Comtech Telecommunications’ Satellite & Space Communications business for $157.5 million in cash, on a cash-free, debt-free basis, subject to working-capital adjustments. The deal revives consolidation efforts that Comtech said were previously pursued and failed six years ago.
