Comtech agrees to sell most of Satellite and Space Communications unit to Gilat for $157.5 million

Comtech Telecommunications Corp.

Comtech Telecommunications Corp.

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  • Comtech agreed to sell most of its Satellite and Space Communications business to Gilat for USD 157.5 million, including USD 10 million paid upfront.
  • Closing is expected in calendar Q4 2026, subject to regulatory approvals; Comtech will retain certain cyber-focused assets and some receivables rights.
  • Net cash proceeds are expected at about USD 143-145 million; 65% earmarked for senior secured credit facility prepayment, 35% for subordinated debt.
  • The divestment supports a shift to a public safety focus under the Allerium brand, with transition costs estimated at USD 12-14 million.
  • Comtech projected annual cost savings of about USD 11-13 million following the transition; pro forma adjusted EBITDA estimated at USD 33-35 million.


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