EQS-News

Mynaric selected by Rocket Lab for Space Development Agency’s Tranche 2 Transport Layer – Beta Program

EQS-News: Mynaric AG / Key word(s): Incoming Orders Mynaric selected by Rocket Lab for Space Development Agency’s Tranche 2 Transport Layer – Beta Program 07.05.2024 / 14:00 CET/CEST The issuer is solely responsible for the content of this announcement. Laser Communications Manufacturer Expands Customer Roster

LOS ANGELES, May 7, 2024 –  Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced that it has been selected by Rocket Lab USA, Inc (NASDAQ: RKLB) to supply free space optical terminals for the Space Development Agency’s (SDA) Tranche 2 Transport Layer (T2TL) - Beta program. Rocket Lab was awarded the 18-vehicle program in January 2024. The order of CONDOR Mk3 terminals is valued at approximately $15 million with deliveries beginning in 2025 and continuing into 2026. 

“We’re thrilled to welcome Mynaric onto our team and look forward to working together to deliver critical capability to the SDA,” said Rocket Lab’s Vice President of Space Systems Brad Clevenger. “Mynaric has a long history of delivering industry-leading communications technology and we’re pleased to be incorporating it into our Pioneer satellite buses.”  

The Transport Layer will be the space backbone for the Joint All Domain Command and Control (JADC2) infrastructure with low-latency data transport, sensor-to-shooter connectivity, and tactical satellite communication direct to platform. Once completely fielded, Tranche 2 will provide global persistence for all capabilities in Tranche 1 plus demonstration of advanced tactical data links and future proliferated missions. 

“We are extremely proud to provide the critical laser communication hardware to Rocket Lab and the SDA to support the Proliferated Warfighter Space Architecture,” said Tim Deaver, Vice President, Global Sales and Solutions of Mynaric. “As an existing strategic supplier to the program, it’s great to be able to expand our customer list and to deliver our leading-edge technology solutions to Rocket Lab as it debuts as a defense prime and jointly deliver next-generation space capabilities to the SDA.”