June 17 (Reuters) - Gilat Satellite Networks Ltd

:

* GILAT TO ACQUIRE STELLAR BLU, AN IFC MARKET LEADER WITH A

FIRST-TO-MARKET ESA-BASED SOLUTION FOR COMMERCIAL AVIATION

* GILAT SATELLITE NETWORKS LTD - WILL PAY $98 MILLION AT

CLOSING,

AND UP TO AN ADDITIONAL $147 MILLION PAYABLE IN CASH

* GILAT SATELLITE NETWORKS LTD: ACQUISITION IS EXPECTED TO

BE

ACCRETIVE ON A NON GAAP BASIS STARTING SECOND HALF OF 2025

* GILAT SATELLITE NETWORKS LTD - TRANSACTION HAS BEEN

APPROVED BY

GILAT'S BOARD OF DIRECTORS AND BY STELLAR BLU SOLUTIONS BOARD OF

MANAGERS

* GILAT SATELLITE NETWORKS LTD: GILAT EXPECTS ITS ANNUAL

REVENUES

FROM ACQUIRED BUSINESS TO RANGE BETWEEN $100 MILLION TO $150

MILLION BEGINNING IN 2025

* GILAT SATELLITE NETWORKS LTD: INTENDS TO FINANCE

ACQUISITION

WITH ITS EXISTING CASH RESERVES AND AN EXTERNAL CREDIT FACILITY

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