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Mynaric Receives $36 Million Order from Northrop Grumman

March 21, 2022 at 16:15 PM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

LOS ANGELES, CA / ACCESSWIRE / March 21, 2022 / Mynaric (NASDAQ: MYNA)(FRA:M0Y) has today entered into a definitive agreement with Northrop Grumman for delivery of optical communication terminals in the framework of a U.S. government space program led by the Space Development Agency. The contract with an initial value of $36 million foresees payment milestones throughout 2022, 2023 and 2024 and product deliveries mostly in 2023 and 2024.

About Mynaric
Mynaric (NASDAQ: MYNA)(FRA:M0Y) is leading the industrial revolution of laser communications by producing optical communications terminals for air, space and mobile applications. Laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The company is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, D.C.

For more information, visit mynaric.com.

SOURCE: Mynaric

View source version on accesswire.com:
https://www.accesswire.com/694036/Mynaric-Receives-36-Million-Order-from-Northrop-Grumman