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Mynaric Bags Another Contract Worth $30M With a US Customer for Its CONDOR Mk3 Terminals

Benzinga ·  Nov 29, 2023 02:23

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.

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