MUNICH, November 29, 2023 – Mynaric (NASDAQ: MYNA)(FRA: M0YN) has today entered into a definitive agreement for an additional order from an existing undisclosed US-based customer for the delivery of CONDOR Mk3 optical communication terminals. The contract, with a value of around US $30 million, foresees payment milestones starting in 2023 and continuing throughout 2024 and 2025 with product deliveries beginning in mid-2024 and continuing into 2025.

About Mynaric 

Mynaric (NASDAQ: MYNA)(FRA: M0YN) 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.   

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