Comtech Telecommunications has agreed to sell most of its Satellite & Space Communications segment to Gilat Satellite Networks for $157.5 million. The transaction, expected to close in late 2026, will allow Comtech to focus exclusively on its public safety technology business, which will be rebranded as Allerium. The company plans to use the net cash proceeds to reduce debt and strengthen its balance sheet, alongside amendments to its credit and preferred stock agreements. By simplifying its operating model, Comtech aims to accelerate growth in recurring software and AI-enabled emergency response services, targeting a more profitable and focused financial profile. The divestiture marks the conclusion of Comtech's strategic review process, and Allerium will prioritize next-generation mission-critical solutions for public safety agencies and mobile network operators.
Comtech Telecommunications CorpComtech sells segment for $157.5M, uses proceeds to reduce debt and strengthen balance sheet, concluding strategic review.
Gilat Satellite Networks Ltd