Tag Archives: Comtech

Comtech to Acquire Gilat in $532.5M Cash-and-Stock Deal; Fred Kornberg Quoted

Comtech Telecommunications (Nasdaq: CMTL) has agreed to buy Gilat Satellite Networks (Nasdaq: GILT) for $10.25 per share or approximately $532.5M in cash and stock. “The acquisition better positions Comtech to take advantage of key marketplace trends, particularly the growing demand for satellite connectivity and the enormous long-term opportunity set that is emerging in the secure wireless communications market,” said Fred Kornberg, board chairman and CEO of Comtech.

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Comtech to Help Sustain Army VSATs Under Potential $124M Contract

A business unit of Comtech Telecommunications (Nasdaq: CMTL) has won a potential three-year, $123.6 million contract to help the U.S. Army sustain ground-based very small satellite terminals. Comtech said Monday the command and control technologies group of its government solutions arm will sustain the Army’s AN/TSC-198A secret internet protocol router and non-classified internet protocol router …

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Richard Swardh, Jeff Harig, Steve Good Take SVP Roles at Comtech Subsidiary

Comtech Telecommunications (Nasdaq: CMTL) has appointed Richard Swardh, Jeff Harig and Steve Good as senior vice presidents for three different vertical market areas at the company’s Comtech EF Data subsidiary. Swardh, Harig and Good will respectively lead the unit’s mobile network operator, government systems and premium enterprise businesses, the company said Thursday. John Branscum, president of Comtech …

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Comtech to Buy TeleCommunication Systems for $431M in US Govt Contract, Public Safety Expansion Push

Melville, New York-based Comtech Communications (Nasdaq: CMTL) has agreed to purchase Telecommunication Systems (Nasdaq: TSYS) for approximately $430.8 million cash in a deal aimed to create a company with a balanced footprint in both the U.S. government contracting and public safety markets. Comtech said Monday it expects to close the transaction by the end …

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