Mynaric announces business update and receives US$36 million order

As the Gilching-based company stated in an ad hoc announcement, a contract has been signed with the U.S. company Northrop Grumman for the supply of optical communications terminals.

Full story

According to the company, the contract was concluded as part of a U.S. government space program led by the Space Development Agency. Payments are scheduled for 2022, 2023 and 2024, with the optical terminals to be delivered mainly in 2023/24. The two companies had already signed an agreement to this effect in November 2021. As a strategic supplier, Mynaric had reportedly submitted bids in the mid-double-digit millions. Independently of this, Northrop Grumman intends to order CONDOR Mk3 terminals, it said. Plans also call for developing products tailored to the special needs of specific U.S. government space programs. The importance of the U.S. market is illustrated by Bulent Altan, CEO of Mynaric: "The U.S. government is the driving force to deploy laser communication capabilities in space."

© Mynaric

Just a few days ago, Mynaric announced its intention to publish a business update on March 28, 2022. In the form of a letter to shareholders, other important information is to be announced in addition to selected key figures from the preliminary financial results. Retail and institutional investors still have until March 25 to submit their questions. Some of them - according to the company - could be answered in the upcoming update of the annual report. Also on March 28 at 18:00 CET, there is then to be a webcast to discuss FY 2021. In addition to a presentation, there is also to be a Q&A session with Mynaric executives, including CEO Bulent Altan.


via Mynaric

Header Image Credit: Free Footage
Written by M. Weissflog
Read 84 times so far

| Space News | Thu, 09.03.2023 - 13:57 (Europe/Berlin) | 19 views

Mynaric receives funding for quantum communication projects

Full story
| Space News | Wed, 01.02.2023 - 09:28 (Europe/Berlin) | 48 views

Mynaric appoints Mustafa Veziroglu as co-CEO

Full story
| Space News | Fri, 27.01.2023 - 19:28 (Europe/Berlin) | 47 views

WARPSPACE orders CONDOR Mk3 from Mynaric

Full story
| Space News | Thu, 19.01.2023 - 16:25 (Europe/Berlin) | 45 views

Mynaric publishes key performance indicators for 2022

Read the Press Release
| Space News | Sat, 17.12.2022 - 20:21 (Europe/Berlin) | 120 views

UNIO plans first demonstration mission for 2024

Full story
| Space News | Mon, 28.11.2022 - 21:23 (Europe/Berlin) | 37 views

Mynaric delivers HAWK terminals to new commercial U.S.-based energy customer

Full story
| Space News | Thu, 12.05.2022 - 20:18 (Europe/Berlin) | 297 views

Mynaric to send CONDOR laser terminal to ISS

Full story
| Space News | Tue, 01.02.2022 - 18:15 (Europe/Berlin) | 123 views

Mynaric selected by ESA to investigate broadband inter-satellite links

About the project
| Space News | Wed, 15.12.2021 - 17:28 (Europe/Berlin) | 158 views

Mynaric honored with Pioneer Space Business Award of the Year 2021

Full story
| Space News | Mon, 13.12.2021 - 23:38 (Europe/Berlin) | 345 views

European satellite network to be established by space consortium

More about UN:IO
| Space News | Thu, 02.12.2021 - 17:41 (Europe/Berlin) | 345 views

NewSpace initiative founded

More about the NewSpace initiative
| Space News | Wed, 06.10.2021 - 11:57 (Europe/Berlin) | 158 views

Mynaric brings Hans Koenigsmann onto the Supervisory Board

Full story
| Space News | Wed, 25.08.2021 - 15:21 (Europe/Berlin) | 356 views

Mynaric introduces CONDOR Mk3

Full story
| Space News | Thu, 15.07.2021 - 15:28 (Europe/Berlin) | 140 views

NewSpace HR Slam at SpaceBrewery #10

Full story
| Space News | Tue, 15.06.2021 - 17:47 (Europe/Berlin) | 100 views

Consortium for European satellite network

Full story
| Space News | Wed, 07.04.2021 - 12:27 (Europe/Berlin) | 58 views

Mynaric presents annual report for 2020

Full story