Mergers & Acquisitions ·
Gilat Satellite Networks Ltd. filed its Form 6-K on August 10, 2026, incorporating by reference its condensed interim…
GILTGilat Satellite Networks Ltd
Gilat Satellite Networks Ltd. filed its Form 6-K on August 10, 2026, incorporating by reference its condensed interim unaudited consolidated financial statements and Operating and Financial Review for the six months ended June 30, 2026. The company reported total revenues of $233.1 million, an 18.3% increase from $197.0 million in the prior year period, driven by growth across its Commercial, Defense, and Peru segments. Gross profit rose to $74.9 million with a margin of 32%, while operating income increased to $9.1 million compared to $2.9 million previously. Net income for the six-month period was $13.4 million, or $0.18 per basic share, against $3.8 million in the prior year. The filing also disclosed a definitive agreement signed on June 14, 2026, to acquire the majority of the Satellite & Space Communications segment of Comtech Telecommunications Corporation for $157.5 million in cash, subject to regulatory approvals including CFIUS and FTC clearance. Gilat operates as a global provider of satellite-based broadband communications equipment and services.