What Happened
Comtech Agrees to Sale of Satellite and Space Communications Segment
Comtech Telecommunications has entered into an agreement to sell its Satellite and Space Communications business to an affiliate of Gilat Satellite Networks for a base purchase price of $157.5 million. The sale is subject to customary adjustments and regulatory approvals, with an expected closing date in calendar 2026. The business being sold generated 42.7% of Comtech’s consolidated net sales in fiscal 2026. This development was reported in Comtech’s annual report, filed with the Securities and Exchange Commission.