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Israel-based Gilat Satellite Networks Acquires Fort Worth's Stellar Blu Solutions in $245M Deal
Contract Type
acquisition
Description
Israel-based Gilat Satellite Networks has acquired Fort Worth's Stellar Blu Solutions in a deal worth up to $245 million, with an initial payment of $98 million in cash and a possible additional $147 million conditional on operational and strategic milestones. The acquisition is aimed at expanding Gilat's presence in the In-Flight Connectivity (IFC) market and leveraging Stellar Blu's cutting-edge technologies.