Six years after fending off a takeover bid from Comtech, Gilat is buying the U.S. company's satellite business in a deal that nearly doubles its defense revenue. Announced on June 15, the $157.5M transaction is structured on a cash - free, debt - free basis, with $10M paid at signing and the balance due at closing, funded from Gilat's balance sheet. The companies expect to close the deal by year - end, subject to CFIUS and antitrust approval.
 
In this Industry Insight, we analyze the strategic rationale behind the acquisition, its financial impact, the core product lines and capabilities added through the transaction, and the opportunities and execution risks that will shape Gilat's next phase of growth