Gilat Satellite Networks Ltd. (GILT), a satellite communications technology company, on Monday announced a definitive agreement to acquire the majority of the Satellite & Space Communications segment of Comtech Telecommunications Corp. (CMTL) for $157.5 million in cash on a cash-free, debt-free basis.
The deal is expected to close by the end of 2026.
The transaction is expected to be funded from Gilat's existing cash resources.
The acquisition is expected to strengthen Gilat's position in defense, satellite, and space communications by expanding its U.S. presence, engineering capabilities, and manufacturing footprint.
The company said that the deal will add complementary capabilities in RF technologies, space electronics, and over-the-horizon Troposcatter beyond-line-of-sight communications systems.
Following the acquisition, Gilat expects the combined company to generate more than $700 million in annual revenue and approximately $80 million in annual adjusted EBITDA.
The acquired business generated adjusted revenue of $187.8 million and adjusted EBITDA of $14.9 million in Comtech's fiscal 2025.
For the trailing 12 months ended January 31, the business reported adjusted revenue of $195.2 million and adjusted EBITDA of $16.8 million.
In the pre-market trading, Gilat Satellite Networks is 2.45% higher at $15.37 on the Nasdaq.
In the pre-market trading, Comtech Telecommunications is 10.77% higher at $5.3500 on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.