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Tag Archives: satellite networking

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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Hughes Expands Tactical Comms Partnership With Airbus Defense & Space; Rick Lober Comments

TYSONS CORNER, VA, Sept. 15, 2016 — Hughes Network Systems and Airbus‘ defense and space segment have expanded their partnership to offer the HM System satellite networking technology and Skynet satellite communications service in the defense market, ExecutiveBiz said Wednesday. The companies aim to help global military customers address tactical satcom requirements with …

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