Gilat Satellite Networks Targets Defense, In-Flight Growth With Comtech Deal
Gilat Satellite Networks (GILT) said it is expanding in defense and in-flight connectivity, citing its role as equipment provider for SES’s O3b mPOWER and OneWeb gateway amplifiers. CEO Adi Sfadia discussed a $43 million Sidewinder order. Gilat reported Q2 revenue of $122M (+17%) and EBITDA $15.4M (+31%), and expects 2024 revenue of $500M-$520M. It agreed to acquire Comtech for $157M cash.






