Gilat Satellite Defense Business Boosts Q2 Earnings

▤ Summary

Gilat Satellite Networks reported stronger-than-expected second-quarter results, with revenue, operating income, EBITDA, and EPS all improving year over year. Defense demand helped drive the quarter, especially in the U.S. and Europe, and the company introduced the Viper Ka ESA terminal for unmanned and autonomous missions. Gilat also said its Comtech acquisition is moving forward and should create a larger defense, space, and mission-critical communications provider. Management expects the deal to expand U.S. engineering and manufacturing capacity and close by year-end, subject to approvals.

▦ Linked Companies

Comtech Telecommunications Corp.

$500M to $1B

Gilat

$100M to $250M