Comtech Telecommunications Corp. (CMTL) is selling its Satellite and Space Communications segment to Gilat for $157.5 million, as it shifts focus to its public safety technology business. Stock price down in premarket, but earnings beat estimates.
This move reflects the company’s strategy to focus on its public safety technology business, Allerium, as it transitions to the Allerium name, which is seen as a significant milestone in its transformation.
Key Deal Details
Comtech will receive net c… [2619 chars]
Source: Benzinga | Published: 2026-06-17T16:07:58Z
Credit: Benzinga
