Gilat to Acquire Comtech’s Satellite Segment for $157.5M, Doubling Defense Revenue
Event summary
- Gilat Satellite Networks to acquire Comtech’s Satellite & Space Communications segment for $157.5M in cash.
- Deal expected to close by the end of 2026, subject to regulatory approvals including CFIUS and FTC clearance.
- Acquired segment generated $195.2M in revenue and $16.8M in EBITDA for the trailing twelve months ended January 31, 2026.
- Combined entity projected to exceed $700M in annual revenue and $80M in annual adjusted EBITDA.
- Transaction to significantly expand Gilat’s U.S. presence and defense technology portfolio.
The big picture
This acquisition positions Gilat as a larger, more diversified player in the defense and space communications market, capitalizing on the growing demand for mission-critical solutions. The deal underscores the consolidation trend in the satellite communications sector, as companies seek scale to address complex defense and space programs. With projected revenues exceeding $700M, Gilat aims to strengthen its competitive edge in serving both U.S. and allied defense customers.
What we're watching
- Regulatory Approval
- Whether Gilat can secure necessary regulatory clearances, including from CFIUS and the FTC, by year-end.
- Integration Challenges
- The pace at which Gilat can successfully integrate Comtech’s segment and realize projected synergies.
- Market Positioning
- How the combined entity will compete in the rapidly evolving satellite ground infrastructure market.
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