New investor for Mynaric
Anna-Lena Malter
| 06.07.2022
Mynaric has scored so far with the production of optical communication terminals for aerospace. Now it has a new backer.
L3Harris becomes the new strategic investor for Mynaric, an agreement was signed today by both companies. This is to secure future collaboration in aviation and extend it to all areas, space, air, sea and ground. 11.2 million euros will be invested by L3Harris in Mynaric. This will enable the acquisition of approximately 400,000 new bearer shares of Mynaric from a price of 27.37 euros per share. As a result of the investment, L3Harris now owns 7.2 percent of Mynaric's total shares.
Commenting on the upcoming collaboration, Bulent Altan, CEO of Mynaric, said, "We are very pleased that L3Harris, a global leader in the aerospace and defense industry with excellent customer relationships, has decided to make this strategic investment in Mynaric."
Daniel Gittsovich, Vice President, Corporate Strategy and Development at L3Harris is also pleased with the new partner, "Our strategy is to disrupt traditional, lengthy development and procurement processes; Mynaric will be an excellent partner to quickly meet our customers' needs for high data bandwidth and secure connectivity."
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Startup
2009
Gilching
Mynaric
A manufacturer of laser communication technologies used to establish dynamic communication networks in the air and in space.
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