Gilat Satellite Networks Ltd. (GILT) has signed a definitive agreement to acquire Stellar Blu Solutions. Stellar Blu Solutions is a US-based avionics solution provider of next-generation SATCOM terminal solutions. It specializes in the development of specialized connectivity, network, and electronics solutions for satellite networks. Gilat will pay an initial cash payment of $98 million at closing, and up to an additional $147 million payable in cash, subject to the achievement of post-closing financial and business goals.
Gilat expects annual revenues from the acquired business to range between $100 million to $150 million beginning in 2025, based on Stellar Blu's existing backlog. The company expects the acquisition to be accretive on a non GAAP basis starting the second half of 2025.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.