Welcome to our dedicated page for Mynaric news (Ticker: MYNA), a resource for investors and traders seeking the latest updates and insights on Mynaric stock.
Mynaric AG (MYNA) specializes in advanced laser communication systems for aerospace and defense applications, enabling secure data transmission across air and space networks. This page aggregates official updates and analysis on the company's technological advancements, financial developments, and strategic partnerships.
Investors and industry professionals will find curated information spanning product launches, contract awards with government and commercial entities, and operational milestones. Our coverage focuses on MYNA's role in advancing free-space optical (FSO) communication technology – critical infrastructure for next-generation satellite constellations and airborne networks.
The resource emphasizes factual reporting on manufacturing expansions, R&D breakthroughs in optical terminals, and collaborations shaping global connectivity solutions. Content is organized to help users efficiently track the company's progress in scaling laser communication deployments while maintaining compliance with international aerospace standards.
Bookmark this page for streamlined access to verified updates about Mynaric's innovations in inter-satellite links, mobile network enhancements, and defense communication systems. Regular updates ensure you stay informed about developments impacting this specialized sector.
Mynaric (NASDAQ:MYNA) has updated its full-year 2022 financial guidance. The optical communications terminal backlog is now projected to exceed 250 units, surpassing the previous estimate of 220 units, driven by strong government contracts. The company anticipates over EUR 20 million in cash-in from customer contracts. However, due to supply chain issues, IFRS-15 revenues are expected to remain at 2021 levels, and operating losses are anticipated to be significantly higher than in 2021.
Mynaric (NASDAQ:MYNA) announced it will supply Northrop Grumman with 42 CONDOR Mk3 optical communications terminals for 14 satellites as part of the Space Development Agency's Tranche 1 Tracking Layer program. Deliveries are expected primarily in 2024 for deployment in 2025. These satellites will feature advanced sensors and communications payloads to track hypersonic and other advanced missiles. This collaboration emphasizes Mynaric's role in supporting U.S. national defense and its commitment to producing scalable, reliable communication products.
Mynaric appointed Mustafa Veziroglu as President to oversee operational responsibilities for its laser communications products. He brings extensive experience from SA Photonics and a decade in the semiconductor industry. Veziroglu aims to streamline production and enhance product delivery, capitalizing on Mynaric's technological strengths and customer relationships. The company has recently gained momentum with key partnerships and projects, including collaborations with Northrop Grumman and DARPA, positioning itself for growth in the laser communications sector.
Mynaric (NASDAQ:MYNA) announced its participation in two major investor conferences in August 2022. The events include the Jefferies Industrials Conference on August 9 and the Canaccord Genuity 42nd Annual Growth Conference on August 11. Both presentations will be conducted in a fireside chat format and will be available via webcast to the public. The company's focus is on leading the industrial revolution of laser communications, providing secure and high-speed data transmission solutions for various applications.
Mynaric (NASDAQ:MYNA) has entered into a strategic investment agreement with L3Harris (LHX), where L3Harris will invest approximately EUR 11.2 million to acquire 409,294 shares at around EUR 27.37 per share. This investment grants L3Harris a 7.2% ownership stake in Mynaric. The collaboration aims to expand laser communication capabilities across multiple domains, enhancing existing partnerships and focusing on high-bandwidth, secure connectivity. Mynaric will become a preferred provider for L3Harris, enabling joint access to critical testing environments.
Mynaric AG has increased its share capital from EUR 5,242,948 to EUR 5,652,242 by issuing 409,294 new shares, which is around 7.2% of the company's share capital. These shares were fully subscribed by L3Harris at a price of EUR 27.3675 each. The capital increase aims to strengthen the equity base and support the company's growth. In return for its investment, L3Harris will gain access to Mynaric’s test capabilities and collaborate on laser communication assets for the International Space Station.
Mynaric (NASDAQ:MYNA) has secured its largest order for optical communications terminals, valued at $36 million, from Northrop Grumman as part of the U.S. Space Development Agency's Tranche 1 Transport Layer program. This agreement establishes Mynaric as the sole supplier of these terminals for Northrop Grumman, with deliveries expected in 2023 and 2024. The partnership highlights Mynaric's significant investments in scalable production and cutting-edge technology, affirming its role in the evolving market for laser communications.
Mynaric (NASDAQ:MYNA) has announced a contract with Airbus U.S. Space & Defense to host its CONDOR Mk2 optical communications terminal on the International Space Station's Bartolomeo platform. This initiative aims to demonstrate laser communication capabilities in low Earth orbit, offering customers various experimental mission scenarios. The terminal will undergo rigorous testing to build operational heritage in space and is expected to be part of the ISS's Fall 2022 resupply mission. This collaboration emphasizes Mynaric's commitment to advancing high data-rate connectivity technology.
Mynaric (NASDAQ: MYNA) announced a postponement of its FY21 business update due to management illness, now scheduled for April 4, 2022. The update will include preliminary financial results and key information shared through a shareholder letter at 11:00 a.m. EDT. Following that, a webcast at 12:00 p.m. EDT will host discussions with executives including CEO Bulent Altan. The company has also crowdsourced questions from both retail and institutional investors that may be addressed during the update.
Mynaric (NASDAQ:MYNA) has secured a $36 million contract with Northrop Grumman for the delivery of optical communication terminals as part of a U.S. government space initiative. The agreement outlines payment milestones spread over 2022, 2023, and 2024, with the majority of product deliveries planned for 2023 and 2024. This partnership highlights Mynaric's role in advancing laser communications technology, aimed at enhancing data transmission capabilities in air, space, and mobile applications.
