Mynaric Receives US-$25 million Order from Northrop Grumman

MUNICH, GERMANY / ACCESSWIRE / November 2, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) has today entered into a definitive agreement with Northrop Grumman for the delivery of optical communication terminals in the framework of the U.S. government's Space Development Agency Tranche 2 Transport Layer-Beta space vehicles program. The contract with a value of around US-$ 25 million foresees payment milestones starting in 2023 and continuing throughout 2024 and 2025 with product deliveries beginning in 2024 and continuing until 2026.

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.

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Mynaric AG
Phone: +49 8105 7999 0
E-mail: comms@mynaric.com
www.mynaric.com

SOURCE: Mynaric AG