NasdaqGS:GILTCommunications
Gilat (GILT) Agrees Comtech Satellite Deal To Push Revenue Above $700 Million
Gilat Satellite Networks, NasdaqGS:GILT, has agreed to acquire most of Comtech Telecommunications’ Satellite & Space Communications segment.
The deal is expected to lift combined annual revenue above $700 million and more than double Gilat’s defense related revenues.
The transaction is planned to close by the end of 2026, subject to customary approvals and conditions.
Gilat Satellite Networks is moving through this acquisition from a position of recent share price strength, with the stock...