6-K
Foreign issuer report
✓ VerifiedGilat agreed to acquire Comtech's Satellite and Space Communications segment for $157.5 million, paying a $10 million advance at signing, creating a company with projected annual revenue above $700 million.
Filed Jun 15, 2026 · 06:00 ET
Summary
- The purchase agreement covers 100% of Comtech Satellite Network Technologies, excluding Comtech's cyber and services lines, for $157.5 million subject to adjustments.
- Gilat paid a $10 million advance at signing with the remaining $147.5 million payable in cash at closing.
- The 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.
- Gilat frames the combination as a leading provider of advanced defense and satellite communications with projected annual revenue exceeding $700 million.
Key facts
- Purchase price
- $157.5 million
From the filing for Purchase price
“for a purchase price of $157.5 million, subject to adjustments”
- Target TTM revenue
- $195.2 million
From the filing for Target TTM revenue
“Adjusted Revenue of $195.2 million and Adjusted EBITDA of $16.8 million for the trailing twelve months ended January 31, 2026”
Why it mattersBuying Comtech's satcom arm at less than one times revenue consolidates two mid-tier ground-segment players into one defense-scale vendor.
- Filed
- Jun 15, 2026
- Accepted
- 2026-06-15 10:00Z
- Period
- Jun 15, 2026
- Accession no.
- 0001178913-26-003179
- Size
- 82 KB
- Index
- Filing index