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Israel-based Gilat Satellite Networks Acquires Fort Worth's Stellar Blu Solutions in $245M Deal

Jan 07, 2025over 1 year ago

Contract Type

acquisition

DallasHardwareAerospaceSatellite Communication

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.

Company Information

Company

Stellar Blu Solutions

Location

Dallas, Texas, United States

About

STELLAR BLU is a leader in the development of cutting-edge connectivity, network and avionics solutions for next generation satellite networks. Our customers include many of the industry's leading connectivity network and service providers, including Intelsat, Inmarsat, OneWeb, Panasonic and SatcomDirect.

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