Mynaric selected by Northrop Grumman as strategic supplier for laser communication

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LOS ANGELES, November 1, 2021 / PRNewswire / – Mynaric has signed a multi-year strategic agreement with Northrop Grumman which identifies the company as a strategic supplier of laser communications in the space industry.

“The US government is the driving force to deploy laser communication capabilities in space,” said Bulent Altan, CEO of Mynaric. “We are pleased to have been selected as a strategic supplier by Northrop Grumman to continue current and upcoming programs in this important market segment and look forward to jointly providing secure and broadband communication to meet government needs. in the field of distributed communication architectures. “

Earlier this year, Mynaric submitted bids worth a combined US $ 1 million to Northrop Grumman for several government space programs awaiting contract awards from the US government. In addition, Northrop Grumman will issue an order form for a set of CONDOR Mk3 terminals to start the new relationship.

The agreement provides Northrop Grumman with guaranteed and privileged access to Mynaric products and services. It also anticipates that Mynaric and Northrop Grumman will jointly develop and deliver laser communication solutions tailored to the unique needs of specific US government space programs. Mynaric will exclusively develop and sell custom products to Northrop Grumman for this specific market segment.

“Laser communication is becoming a strategic staple for a wide range of government programs, particularly as Joint Command and Control capabilities of all areas (JADC2) are extended to an increasing number of connected platforms and as as cybersecurity threats increase, “said Dr. Robert fleming, Sector Vice President, Strategy and Business Development, Northrop Grumman Space Systems. “We look forward to partnering with Mynaric to provide cost effective solutions for our customers to deploy laser communication capabilities at scale. “

Mynaric and Northrop Grumman signed the agreement on a common interest in accelerating the growth, development, adoption and innovation of laser communication solutions primarily for aerospace and defense applications including air, space, land, maritime and submarines with a short-term focus on the space arena for US government needs and missions.

The agreement provides for business of a minimum value of Mynaric products and / or related services of at least $ 35 million over the term of the agreement.

About Mynaric

Mynaric (Frankfurt Stock Exchange: M0Y, ISIN: DE000A0JCY11) produces optical fiber for the sky and, as a pioneer in laser communication, enables extremely fast and secure wireless data transmission between airplanes, drones and satellites . Globally, the need for fast and ubiquitous network connectivity grows relentlessly. Data networks such as the Internet are now largely based on ground infrastructure which cannot be arbitrarily extended for legal, economic or logistical reasons. The future therefore calls for an extension of the existing network infrastructure in air and space. Mynaric provides laser communications products to establish the data superhighways necessary for telecommunications constellations in air and space.

More information at: www.mynaric.com

FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements. Words such as “anticipate”, “foresee”, “believe”, “estimate”, “expect”, “intend”, “might”, “might”, “might”, “plan” , “potential”, “should,” “target”, “would” and variations of such words and phrases are intended to identify forward-looking statements. These forward-looking statements are based on the information available and the expectations and assumptions considered reasonable by Mynaric at the time these statements were made. No assurance can be given that such expectations will prove to be correct. These statements involve known and unknown risks and are based on a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond Mynaric’s control. In view of these uncertainties, the reader is cautioned not to place undue reliance on these forward-looking statements. Mynaric expressly disclaims any obligation or commitment to publicly release any update or revision to any forward-looking statement contained herein to reflect any change in Mynaric’s expectations in this regard or any change in the events, conditions or circumstances on which a statement is based.

SOURCE Mynarique


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