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Mynaric Bags $33M Order from Northrop Grumman

Author: Benzinga Newsdesk | December 13, 2023 03:33am

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-Alpha space vehicles program. The contract, with a value of around US $33 million, foresees payment milestones starting early 2024 and continuing throughout 2025 with product deliveries beginning in 2024 and continuing until 2026.

Posted In: MYNA NOC


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