Mergers & Acquisitions ·
Wavestream Corporation, a subsidiary of Gilat Satellite Networks Ltd., entered into a Securities Purchase Agreement on…
GILTGilat Satellite Networks Ltd
Wavestream Corporation, a subsidiary of Gilat Satellite Networks Ltd., entered into a Securities Purchase Agreement on June 14, 2026, to acquire Comtech Telecommunications Corp.'s Satellite & Space Communications segment for $157.5 million. The transaction involves the acquisition of 100% of the shares of Comtech Satellite Network Technologies, Inc., Comtech UK Holdings Limited, and other related entities, with a $10 million advance payment already made. The acquisition is subject to customary closing conditions, including regulatory approvals and CFIUS approval. Gilat Satellite Networks Ltd. provides satellite communications solutions and operates in the satellite communications industry.