6 sources · first reported 8d ago
Gilat Satellite Networks is acquiring Comtech's satellite and space communications business for $157.5 million, expanding its defense capabilities and strengthening its position in satellite networking and space communications markets. The acquisition brings expertise in satellite ground systems across various constellations. However, it appears that Comtech is actually acquiring Gilat Satellite Networks for $532.5 million, not the other way around.
The acquisition strengthens Gilat's position in the defense and satellite communications markets, and could lead to growth in the US defense sector. However, the actual acquisition is Comtech acquiring Gilat, which may impact the dynamics of the deal.
How this story unfolded across sources, oldest first.