Gilat has reached an agreement to acquire the satellite and space communications division of Comtech Communications.

老虎证券2026/06/15 10:10

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The purpose of this acquisition is to integrate the strengths and resources of both parties, creating a leading supplier in the field of advanced defense and satellite communication solutions. Upon completion of the transaction, the new entity will combine Gilat’s expertise in satellite network technology with Comtech’s substantial experience in mission-critical communication systems. This move is expected to significantly enhance the company’s competitiveness in global government and defense markets, while delivering more comprehensive and innovative end-to-end communication solutions. This strategic merger reflects the ongoing trend of consolidation within the satellite communications industry, aiming to meet the growing market demand for highly reliable and high-performance communication services. The synergy of both parties’ technologies is expected to accelerate the development and application of next-generation satellite communication technologies.

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Incordex appointed Chen Wang to its board effective Sept. 29, 2026. Wang founded his own brand. He has served as founder and board chairman of Yunnan Jinshengchang Technology and Trade since Oct. 2024. He previously led global pharmaceutical education operations at Meixin E-commerce. He later ran education operations at Zhuyuan Grop. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Incordex Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-006080), on October 07, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/07 16:03