Gilat strikes $157.5 million deal for Comtech space unit in strategic U-turn
Summary
Gilat has agreed to buy most of Comtech’s satellite and space communications business for $157.5 million. The deal expands Gilat’s U.S. presence and deepens its exposure to defense, government, and space customers. The acquired unit brings satellite communications hardware, network control software, engineering services, and components used across LEO, MEO, and GEO systems. The transaction is subject to U.S. regulatory approvals, and Gilat expects annual revenue to rise above $700 million after closing.
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Computer Aided Design (CAD)
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Telecommunications
Cybersecurity
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Linked Companies
Comtech Telecommunications Corp.
$500M to $1B
Gilat
$100M to $250M