Law BF July - Banner

L3Harris becomes strategic investor in Mynaric to intensify collaboration

HAWK optical communications terminal. Credit: Mynaric

Aarhus / Munich / Melbourne, 7 July 2022. Mynaric and L3Harris signed an agreement according to which L3Harris will invest in Mynaric to gain 7.2% of Mynaric’s total shares and as a result widen the scope of their current collaboration to cover all domains including space, air, maritime and ground, Mynaric said.

L3Harris will invest approximately €11.2 million by means of a capital increase and acquire 409,294 shares of Mynaric at a price of € 27.37 per share.

Prior to the strategic investment agreement, the companies conducted joint laser communications demonstrations for L3Harris’ airborne applications utilizing Mynaric’s HAWK terminal. According to the agreement, Mynaric will become a preferred laser communications solutions provider while L3Harris will receive collaboration privileges. These comprise access to test capabilities, interoperability labs, testbeds and upcoming laser communications assets to be deployed on the ISS. 

Additional investments by L3Harris may intensify the collaboration between the parties in the future.

Check Also

COSPAR Kicks off 2024’s Scientific Assembly in Busan

COSPAR has kicked off the COSPAR 2024 Scientific Assembly in Busan, celebrating the theme "Team Spirit in Space Research." The assembly counted around 2800 participants from over 60 countries with attendees engaging with scientists, presenting over 3000 talks and posters, and participating in 150 scientific events. The Assembly brought space leaders from KASA, NASA, CNSA, ISRO, JAXA, ASI, and the UAE together, with the roundtable of Space Agency leaders featuring the next decade of space science programs from each agency. Also, space sustainability emerged as a major recurring theme.