Mynaric acts as the sole laser communications provider for Northrop Grumman under the U.S. government’s Milestone program


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In March 2022, Mynaric received the largest order for optical communications terminals to date under the Space Development Agency’s Tranche 1 Transport Layer program

LOS ANGELES, Calif./ACCESSWIRE/June 14, 2022/ As previously announced, Mynaric (NASDAQ: MYNA)(FRA:M0Y) has been selected by Northrop Grumman (NYSE: NOC) to deliver CONDOR Mk3 optical communications terminals under a flagship US government program. Northrop Grumman has been selected by the Space Development Agency (SDA) to supply 42 satellites to the Tranche 1 Transport Layer program that will meet the critical needs of the US National Defense Space Architecture (NDSA). The $36 million deal, which was announced on March 21, 2022, makes Mynaric the sole provider of optical communications terminals for Northrop Grumman under the program and expects product deliveries primarily in 2023 and 2024. Against this backdrop, Northrop Grumman today announced a successful demonstration of a secure networked laser communication system for proliferating LEO constellations using Mynaric’s optical communication terminals.

The agreement marks the largest optical communications terminal order placed specifically with Mynaric and announced to the general government market to date, confirming the industry’s trajectory to acquire and deploy industrialized laser communications systems at scale in rapid growth. Mynaric has focused on developing products and manufacturing capabilities that enable the deployment of large-scale optical communication terminals since its inception and has invested heavily in scalable manufacturing and market-leading products over the past few years.

“We congratulate Northrop Grumman on winning this milestone program providing advanced capabilities to the U.S. government, successfully demonstrating early capabilities, and paving the way for how commercial supply chains can be leveraged by government users now. and in the future,” said Mynaric CEO Bulent Altan. . “We are proud to have been selected by Northrop Grumman to supply them with our industrialized products and I would like to thank the entire Mynaric team who have worked tirelessly to make this possible. This historic purchase of optical communication terminals in the government market is proof that we have arrived in the industrial age of laser communications.”

“We are extremely pleased to have been selected by Northrop Grumman for this mission-critical technology for the SDA Transport Layer Slice 1 mission requirements,” said Mynaric CCO Tina Ghataore. “Our CONDOR Mk3 Optical Communication Terminal is the right choice to meet the goals set by the SDA for their proliferating LEO network. Our team continues to innovate on our products, and as a company, we are investing ahead of the needs of the market, to be well positioned to serve our growing customer base.”

About Mynaric

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

For more information, visit mynaric.com.

THE SOURCE: Mynaric SA

See the source version on accesswire.com:
https://www.accesswire.com/705043/Mynaric-Acts-as-Sole-Laser-Communication-Supplier-for-Northrop-Grumman-as-Part-of-Milestone-US-Government-Program

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