Monitor regulatory milestones (CFIUS clearance, HSR filing) and integration updates. The deal is fully funded from cash, eliminating dilution risk. If approvals proceed smoothly, the stock should re-rate on the expanded defense and space exposure. Key risk is CFIUS delay or denial given the defense-sensitive assets.
Price Chart
Executive Summary
Gilat Satellite Networks announced a transformative $157.5 million cash acquisition of Comtech's Satellite & Space Communications segment, creating a combined entity with projected annual revenue exceeding $700 million and adjusted EBITDA of $80 million. The deal, funded from Gilat's existing cash reserves ($170M net cash), more than doubles Gilat's defense revenues and significantly expands its U.S. presence and engineering capabilities. Closing is expected by end of 2026, subject to CFIUS, FTC, and DOJ approvals.
Key Financial Metrics
Key Facts
- Purchase price of $157.5 million in cash, funded from existing cash resources
- Acquired business generated Adjusted Revenue of $195.2 million and Adjusted EBITDA of $16.8 million for the trailing twelve months ended January 31, 2026
- Combined company projected to have annual revenue exceeding $700 million and adjusted EBITDA of $80 million
- Transaction expected to close by end of 2026, subject to CFIUS, FTC, and HSR approvals
- Acquisition more than doubles Gilat Defense revenues and adds complementary RF, space electronics, and Troposcatter BLOS capabilities
Financial Impact
Transformative acquisition at ~9.4x trailing EBITDA ($16.8M) for $157.5M, funded from cash; combined entity targets $700M+ revenue and $80M adjusted EBITDA, representing significant scale increase for a $1.1B market cap company
Risk Factors
- Regulatory approval risk from CFIUS, FTC, and DOJ (Hart-Scott-Rodino)
- Integration risk and ability to achieve projected $80M adjusted EBITDA and $700M revenue
- Potential disruption to acquired business operations during transition
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3311612 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | Press Release | $8.05 $7.83 | ▼ −2.73% | ▼ −1.63% | $7.92 (−1.61%) |
Oct 15, 2026 12d ago | 6-K | $8.05 $7.83 | ▼ −2.73% | ▼ −1.63% | $7.92 (−1.61%) |
Oct 8, 2026 19d ago | 6-K | $9.32 $8.94 | ▼ −4.08% | ▼ −4.68% | $7.92 (−15.02%) |
Oct 7, 2026 20d ago | 6-K | $9.22 $9.32 | ▲ +1.08% | ▲ +1.51% | $7.92 (−14.10%) |
Oct 5, 2026 22d ago | Press Release | $9.40 $9.22 | ▼ −1.91% | ▼ −2.46% | $7.92 (−15.74%) |
Oct 5, 2026 22d ago | 6-K | $9.40 $9.22 | ▼ −1.91% | ▼ −2.46% | $7.92 (−15.74%) |
Aug 31, 2026 8w ago | 6-K | $9.90 $10.06 | ▲ +1.62% | ▲ +2.30% | $7.92 (−20.00%) |
Aug 31, 2026 8w ago | 6-K | $9.90 $10.06 | ▲ +1.62% | ▲ +2.30% | $7.92 (−20.00%) |
Aug 17, 2026 10w ago | 6-K | $11.24 $10.88 | ▼ −3.20% | ▼ −2.53% | $7.92 (−29.54%) |
Aug 10, 2026 11w ago | 6-K | $11.21 $11.62 | ▲ +3.66% | ▲ +3.41% | $7.92 (−29.35%) |
US Market Status
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