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Mynaric AG
Regulatory Filings • Mar 21, 2022
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News Details
Ad-hoc | 21 March 2022 20:45
Mynaric receives $36 million order from Northrop Grumman
Mynaric AG / Key word(s): Incoming Orders
Mynaric receives $36 million order from Northrop Grumman
21-March-2022 / 20:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
LOS ANGELES, CA, 21 March 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 .
21-March-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Mynaric AG |
| Dornierstr. 19 | |
| 82205 Gilching | |
| Germany | |
| Phone: | +49 8105 7999 0 |
| E-mail: | [email protected] |
| Internet: | www.mynaric.com |
| ISIN: | DE000A0JCY11 |
| WKN: | A0JCY1 |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1307999 |
| End of Announcement | DGAP News Service |