Gilat to buy Comtech’s Satellite & Space Communications segment for $157.5M, targeting US defense growth
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 aimed at scaling Gilat’s advanced defense and satellite communications offerings.