PETAH TIKVA, Israel, June 6, 2022 — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today it received an over $8 million dollar follow-on order for support of gateways of a Low Earth Orbit (LEO) constellation.
A former fighter pilot paying to become the second Israeli to fly into space late next year made his fortune by supplying military weapons, security systems and other services to the governments of Angola, Nigeria, Haiti, Ivory Coast and the Democratic Republic of the Congo.
Eytan Stibbe, 62, will join retired NASA astronaut Michael Lopez-Alegria and two unidentified individuals on a SpaceX Crew Dragon spacecraft for a privately-funded mission to the International Space Station (ISS). Stibbe will pay for the cost of the trip and stay at the station.
MELVILLE, N.Y., & PETAH TIKVA, Israel (Comtech PR) — Comtech Telecommunications Corp. (Nasdaq: CMTL) (“Comtech”) and Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) (“Gilat”) jointly announced today that Comtech has agreed to acquire Gilat in a cash and stock transaction for $10.25 per Gilat ordinary share of which 70% will be paid in cash and 30% in Comtech common stock, resulting in an enterprise value of approximately $532.5 million.
Founded in 1987 with its headquarters in Israel, Gilat is a worldwide leader in satellite networking technology, solutions and services with market leading positions in the satellite ground station and in-flight connectivity solutions markets and deep expertise in operating large network infrastructures.