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.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.