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GILT - Gilat to acquire DataPath expanding presence in Defense growth strategy
Gilat Satellite Networks Ltd.
2023-03-09 07:10:20 ET
Moving towards a core component of its Defense growth strategy, Gilat Satellite Networks ( NASDAQ: GILT ) signed a definitive agreement to acquire DataPath, a market leader in trusted communications for the U.S. DoD Military and Government sectors.
The company expects its annual revenues in the Defense sector to increase by ~$50M post the acquisition closure.