GILT GILAT SATELLITE NETWORKS LTD
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Executive Summary
Gilat announced a definitive agreement to acquire Comtech's Satellite & Space Communications segment for $157.5 million in cash, funded from its existing cash resources. The deal is expected to create a combined company with projected annual revenue exceeding $700 million and projected adjusted EBITDA of $80 million, while significantly expanding Gilat's U.S. defense presence.
Actionable Insight
This transformative acquisition significantly scales Gilat's defense business and U.S. footprint. Monitor regulatory process (CFIUS, HSR) as key risk to timeline and completion. The fully cash-funded structure avoids dilution. Watch for integration updates and potential revenue/EBITDA synergy disclosures on conference call.
Key Facts
- Purchase price of $157.5 million in cash for Comtech's Satellite & Space Communications segment.
- Transaction expected to be fully funded from Gilat's existing cash resources, which included net cash of approximately $170 million as of end of Q1 2026.
- Acquired business generated Adjusted Revenue of $187.8 million and Adjusted EBITDA of $14.9 million in Comtech's FY2025 ended July 31, 2025.
- Projected combined annual revenue exceeding $700 million and projected annual adjusted EBITDA of $80 million.
- Expected to more than double Gilat Defense revenues.
- Closing subject to CFIUS, FTC, and DOJ/HSR approvals; expected by end of 2026.
- Advance payment of $10 million paid at signing, remainder of $147.5 million (subject to adjustments) payable at closing.
Financial Impact
$157.5 million cash acquisition, creating a combined company with projected revenue exceeding $700 million and projected adjusted EBITDA of $80 million.
Risk Factors
- Regulatory approval risk (CFIUS, FTC, DOJ) could delay or block the transaction.
- Integration risk for the acquired business and achieving projected synergies.
- Execution risk in more than doubling defense revenues as projected.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001178913-26-003179 |
| Document: zk2635537.htm | 0001178913-26-003179 |
| Document: 0001178913-26-003179-index-headers.html | 0001178913-26-003179 |
| Document: 0001178913-26-003179-index.html | 0001178913-26-003179 |
| Document: 0001178913-26-003179.txt | 0001178913-26-003179 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 15, 2026
3d ago
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Press Release
| $14.30 $13.55 | ▼ −5.24% | ▼ −4.65% | $13.58 (−5.03%) |
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Jun 15, 2026
3d ago
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6-K
| $14.30 $13.55 | ▼ −5.24% | ▼ −4.65% | $13.58 (−5.03%) |
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Jun 2, 2026
16d ago
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6-K
| $16.24 $15.48 | ▼ −4.68% | ▼ −3.99% | $13.58 (−16.38%) |
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May 19, 2026
4w ago
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Press Release
| $15.00 $15.60 | ▲ +4.00% | ▲ +2.96% | $13.58 (−9.47%) |
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May 19, 2026
4w ago
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6-K
| $15.00 $15.60 | ▲ +4.00% | ▲ +2.96% | $13.58 (−9.47%) |
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May 13, 2026
5w ago
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Press Release
| $15.65 $16.08 | ▲ +2.75% | ▲ +1.97% | $13.58 (−13.23%) |
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May 5, 2026
6w ago
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Press Release
| $20.07 $19.86 | ▼ −1.05% | ▼ −2.43% | $13.58 (−32.34%) |
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Apr 29, 2026
7w ago
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Press Release
| $17.54 $18.46 | ▲ +5.25% | ▲ +4.22% | $13.58 (−22.58%) |
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Apr 20, 2026
8w ago
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Press Release
| $18.36 $17.92 | ▼ −2.40% | ▼ −1.74% | $13.58 (−26.03%) |
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Apr 20, 2026
8w ago
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6-K
| $18.36 $17.92 | ▼ −2.40% | ▼ −1.74% | $13.58 (−26.03%) |
US Market Status
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