Gilat Satellite Networks announced it will acquire Comtech Telecommunications' Satellite & Space Communications segment for $157.5 million in cash. This acquisition will create a company with projected annual revenue exceeding $700 million, more than doubling Gilat's defense revenues and expanding its presence in the U.S. and global defense markets. The deal, expected to close by the end of 2026 pending regulatory approvals, enhances Gilat's capabilities in satellite ground infrastructure, space electronics, and over-the-horizon communications. Gilat aims to leverage this to serve larger, more complex defense and space programs worldwide.
The global automated liquid handling systems market was valued at $2.7 billion in 2025 and is projected to grow to $6.9 billion by 2035, with a compound annual growth rate (CAGR) of 9.8%. This growth is driven by increasing pharmaceutical and biotech...
InnSuites Hospitality Trust posted a net income profit of $74,702 in the first quarter of fiscal 2027, marking a modest improvement from the prior year. The company achieved record hotel revenues of approximately $2.2 million and strong hotel occupan...
Bitcoin's price dropped below $63,000 due to a global sell-off in risk assets, reflecting its high volatility and sensitivity to macroeconomic factors. Prediction markets show a sharp decline in the likelihood of Bitcoin reaching $66,000 by June 20, ...
Innovator Capital Management announced the liquidation of two ETFs: the Innovator Gradient Tactical Rotation Strategy ETF and the Innovator Hedged Nasdaq-100 ETF. Trading for these funds will cease after market close on July 10, 2026, with liquidatio...
Bitcoin fell below $63,000 amid a broad sell-off in global risk assets, reversing gains made earlier in the week due to optimism over the US-Iran peace deal. Other major cryptocurrencies like ether, XRP, and solana also declined. Market watchers warn...
