Gilat Satellite Networks Ltd GILT

Gilat Satellite Networks Ltd is a provider of satellite-based broadband communications. The company designs and manufactures ground-based satellite communications equipment and provides comprehensive solutions and end-to-end services. Its portfolio includes a cloud-based satellite network platform, very small aperture terminals (VSATs), amplifiers, high-speed modems, on-the-move antennas and high-power solid-state power amplifiers (SSPAs), block-up converters (BUCs), and Transceivers. The company operates in three operating segments: Gilat Commercial Division, Gilat Defense Division, and Gilat Peru Division. The majority of its revenue is generated from the Gilat Commercial segment.

• The Motley Fool 1 oct

  Gilat's 2026 Outlook: Defense and In-Flight Connectivity Drive Strategic Growth Expansion

  Gilat Satellite Networks (GILT) receives a Superscore of 74 out of 100, driven by strong 48% revenue growth in 2025 and strategic expansion into defense and in-flight connectivity markets. However, the company faces headwinds from operating margin compression, customer concentration risk (two clients represent 44% of revenue), and a high trailing P/E ratio of 24.7. The acquisition of Comtech's Satellite and Space Communications segment is expected to boost revenues to $500-520 million in 2026 and beyond $600 million within two years.

  

• GlobeNewswire Inc. 24 jun

  Gilat Receives Multi-Million Dollar Order for Customized SATCOM Terminals Supporting European Defense Communications

  Gilat Satellite Networks announced a multi-million dollar order from a European Ministry of Defense for custom SATCOM terminals with delivery expected over the next 12 months. The award demonstrates growing European defense demand for Gilat's resilient, multi-orbit communications solutions and reinforces the company's expanding role in mission-critical defense applications.

  

• Benzinga 17 jun

  Why Comtech Telecommunications Shares Are Falling On Wednesday?

  Comtech Telecommunications (CMTL) shares fell 11.04% on Wednesday following the announcement of plans to sell most of its Satellite and Space Communications segment to Gilat Satellite Networks (GILT) for $157.5 million. The company will receive approximately $143-145 million in net proceeds to reduce debt. Despite beating earnings estimates on loss per share, Comtech missed revenue expectations and reported a widened operating loss, though it maintained positive operating cash flow for the fifth consecutive quarter.

  

• Benzinga 15 jun

  Comtech Sells Satellite Unit To Gilat: What Happens Next?

  Comtech Telecom agreed to sell most of its Satellite and Space Communications segment to Gilat Satellite Networks for $157.5 million. The transaction is expected to close in Q4 2026. Comtech reported fiscal Q3 results beating earnings estimates with an adjusted loss of 22 cents per share versus expected 27 cents, though revenue missed expectations at $106.0 million versus $110.2 million. The company plans to use net proceeds of $143-145 million to reduce debt and focus on its public safety technology business.

  

• Benzinga 15 jun

  Gilat to Acquire Comtech's Satellite & Space Communications Segment¹ Creating a Leading Provider of Advanced Defense and Satellite Communications Solutions

  Gilat Satellite Networks has agreed to acquire Comtech Telecommunications' Satellite & Space Communications segment for $157.5 million in cash. The transformative deal is expected to create a company with over $700 million in projected annual revenue, more than doubling Gilat Defense's revenue. The acquisition adds satellite ground infrastructure capabilities, Troposcatter BLOS communications, and expands access to U.S. defense agencies and space customers. Closing is expected by end of 2026, subject to regulatory approvals.