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.
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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.
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
Investment Themes
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 | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | Press Release | $8.05 $7.83 | ▼ −2.73% | ▼ −1.63% | $7.98 (−0.87%) |
Oct 15, 2026 12d ago | 6-K | $8.05 $7.83 | ▼ −2.73% | ▼ −1.63% | $7.98 (−0.87%) |
Oct 8, 2026 19d ago | 6-K | $9.32 $8.94 | ▼ −4.08% | ▼ −4.68% | $7.98 (−14.38%) |
Oct 7, 2026 20d ago | 6-K | $9.22 $9.32 | ▲ +1.08% | ▲ +1.51% | $7.98 (−13.45%) |
Oct 5, 2026 22d ago | Press Release | $9.40 $9.22 | ▼ −1.91% | ▼ −2.46% | $7.98 (−15.11%) |
Oct 5, 2026 22d ago | 6-K | $9.40 $9.22 | ▼ −1.91% | ▼ −2.46% | $7.98 (−15.11%) |
Aug 31, 2026 8w ago | 6-K | $9.90 $10.06 | ▲ +1.62% | ▲ +2.30% | $7.98 (−19.39%) |
Aug 31, 2026 8w ago | 6-K | $9.90 $10.06 | ▲ +1.62% | ▲ +2.30% | $7.98 (−19.39%) |
Aug 17, 2026 10w ago | 6-K | $11.24 $10.88 | ▼ −3.20% | ▼ −2.53% | $7.98 (−29.00%) |
Aug 10, 2026 11w ago | 6-K | $11.21 $11.62 | ▲ +3.66% | ▲ +3.41% | $7.98 (−28.81%) |
US Market Status
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