Mary-Louise Hoffman
L3Harris Technologies will acquire an initial 7.2 percent stake in laser communications equipment supplier Mynaric as part of an $11.4 million investment deal.
Under the agreement, L3Harris will obtain 409,294 of the Munich-based company’s bearer stock for approximately $27.90 each share and also gain access to select testing platforms such as a satellite link emulator, according to a joint statement released Tuesday.
Mynaric has a laboratory in Los Angeles that includes equipment designed to mimic space environments and allows industry participants in the Defense Advanced Research Projects Agency’s Blackjack satellite program to perform interoperability tests.
Daniel Gittsovich, vice president of corporate strategy and development at L3Harris, said the partnership seeks to help customers address bandwidth and connectivity requirements across multiple domains with laser communications technology.
The two companies previously collaborated to demonstrate airborne applications of the Mynaric-built Hawk optical communications terminal.
