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Business/Financial

L3Harris Takes Minority Stake In German Laser Communications Company Mynaric

By Cal Biesecker

Wednesday, July 6th, 2022

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L3Harris Takes Minority Stake In German Laser Communications Company Mynaric

Mynaric CEO Bulent Altan. Photo: Mynaric

Germany’s Mynaric [MYNA] on Wednesday said that L3Harris Technologies [LHX] has invested $11.6 million for a 7.2 percent stake in the company and makes Mynaric a preferred supplier of laser communications to L3Harris and giving L3Harris access to certain test capabilities. The collaborative efforts between the two companies are expected to increase with further investments by L3Harris. “Laser communications is rapidly proliferating as a technological pillar for joint all-domain command and control capabilities across space, air, maritime, and terrestrial domains,”…

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