Gilat to Acquire Comtech’s Satellite & Space Communications Segment¹ Creating a Leading Provider of Advanced Defense and Satellite Communications Solutions

Gilat Satellite Networks (GILT) has agreed to acquire Comtech’s (CMTL) Satellite & Space Communications segment for $157.5 million in cash. The deal is funded from Gilat’s existing cash reserves and is expected to close by the end of 2026, subject to CFIUS, FTC, and DOJ regulatory approvals. For Comtech, this divestiture marks a strategic shift, exiting the satellite and space hardware business to focus on other segments, while significantly reducing its revenue base.

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