Gilat Satellite Networks will buy most of Comtech Telecommunications’ Satellite & Space Communications segment for $157.5 million in cash, with $10 million paid at signing. The boards of both companies approved the transaction unanimously, and closing is targeted for the end of 2026, subject to CFIUS, FTC and DOJ review.
The deal excludes Comtech’s cyber and services business and leaves Comtech reshaped around public safety technology. For Gilat, it adds U.S. defense exposure, troposcatter beyond-line-of-sight capability and a deeper footprint across GEO, MEO and LEO programs, while pushing combined annual revenue above $700 million.
The transaction sharpens the sector’s defense-satcom consolidation and gives Gilat a larger platform for complex space and military connectivity work.