COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL): Results of Operations and Financial Condition

Gilat Satellite Networks agreed to buy Comtech Telecommunications’ Satellite & Space Communications segment for $157.5 million in cash, funded from existing reserves, after reporting about $170 million net cash at end of Q1 2026. The segment generated $187.8 million adjusted revenue in FY2025 and $195.2 million over the TTM to Jan. 31, 2026. Gilat expects combined annual revenue above $700 million and adjusted EBITDA above $80 million; boards approved, excluding Comtech’s Cyber and Services line

AIADA and The Wall Street Journal report Honda Motor will end production of its only U.S. EV, the Prologue SUV, with the 2026 model year as the last. Honda expects sales to continue into early 2027 as inventory clears. The article cites EV sales down 30% YoY in June and notes Honda previously scrapped an EV program tied to $10 billion in costs and its first annual loss as a listed company in 2025.

Conagra Brands (NYSE:CAG) said it will cut its annual dividend to $0.70 per share from $1.40, citing cash needs under new CEO John Brase. The company also plans to review non-core assets, aiming to free capital as it faces margin pressure from higher costs and weaker demand, and delays acquisitions until its debt-to-core-profit improves.

Southern California Edison, a unit of Edison International, said it has paid $314 million of more than $750 million offered under its Wildfire Recovery Compensation Program for Eaton Fire victims. The fire began Jan. 7, 2025, burned 14,021 acres and killed 17, according to Cal Fire. SCE says nearly 12,000 claimants have used the program.

Strategy (MSTR), Michael Saylor’s Bitcoin treasury firm, says it will suspend further Bitcoin purchases until its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) returns to $100 par value. The article cites STRC trading below par and Strategy assembling about $3B cash, including $467M from selling more MSTR shares, as Bitcoin and NAV declined.

DBV Technologies said it filed an automatically effective SEC Form S-3ASR shelf registration to refresh its at-the-market program for sales of up to $150 million of American Depositary Shares. The ADSs represent five ordinary shares and the program is under a Sept. 5, 2025 sales agreement with Citizens JMP Securities. Net proceeds would fund manufacturing expansion, BLAs, Viaskin Peanut launch prep, development, and working capital.