Israel’s Gilat Satellite Networks plans to expand its defense capabilities by acquiring most of Comtech’s space-related communications business, six years after the U.S. company’s own takeover bid collapsed.

Comtech Announces Definitive Agreement to Sell Most of Its Satellite and Space Communications Business to Gilat

Comtech Telecommunications to sell its satellite & space unit to Gilat for $157.5M, shifting focus to public safety tech. CMTL up.