Comtech Telecommunications Corp. (Nasdaq: CMTL) and Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) jointly have announced that Comtech has agreed to acquire Gilat in a cash and stock transaction for USD 10.25 per Gilat ordinary share of which 70% will be paid in cash and 30% in Comtech common stock, resulting in an enterprise value of approximately USD 532.5 million, the companies said. Founded in 1987 with its headquarters in Israel, Gilat is a worldwide provider of satellite networking technology, solutions and services with market positions in the satellite ground station and in-flight connectivity solutions markets and deep expertise in operating large network infrastructures.