Comtech Telecommunications Corp. (CMTL) is selling its Satellite and Space Communications segment to Gilat for $157.5 million, as it shifts focus to its public safety technology business. Stock price down in premarket, but earnings beat estimates.

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

Comtech Announces Financial Results for Third Quarter of Fiscal 2026