Gilat to acquire Comtech’s satellite & space communications segment for $157.5M, targeting U.S. defense satcom growth
Gilat Satellite Networks has signed a definitive agreement to buy the majority of Comtech Telecommunications’ Satellite & Space Communications segment for $157.5 million in cash (cash-free, debt-free), subject to working-capital adjustments. Gilat said the deal is designed to expand defense capabilities and consolidate ground satcom technology under one provider.