Gilat Secures $158M Deal to Acquire Comtech Satellite & Space Segment

Gilat is acquiring the majority of Comtech’s Satellite & Space Communications business in a $157.5 million cash deal The acquisition is intended to strengthen Gilat’s position in defense, satellite networking and space communications markets Comtech’s unit brings expertise in satellite ground systems across GEO, MEO and LEO constellations Gilat Satellite Networks has signed a definitive

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