Gilat Satellite Networks to Acquire Comtech's Satellite Communications Segment

Gilat Satellite Networks Ltd. has reached a definitive agreement to purchase the majority of Comtech Telecommunications Corporation's Satellite & Space Communications business for $157.5 million in cash. This acquisition, approved by both boards, is expected to significantly enhance Gilat's presence in the U.S. market, expand its engineering capabilities, and boost its manufacturing footprint. The move underscores Gilat's commitment to supporting defense customers in the U.S. and allied nations.