L3Harris to buy stake in laser comms firm Mynaric
US defence contractor L3Harris Technologies plans to acquire a 7.2% stake in German laser communications equipment provider Mynaric for about EUR11.2 million (USD11.4 million) as part of a collaboration agreement between the two companies, according to a joint announcement on 6 July.
Under the agreement, L3Harris and Mynaric, which work together in the air domain, will expand their co-operation to other domains, including land, sea, and space. Mynaric will become a “preferred provider” of laser communications products, and L3Harris will gain access to some of Mynaric’s test assets.
Partnering with Mynaric will “rapidly address our customers’ needs for high-bandwidth and secure connectivity”, said Daniel Gittsovich, L3Harris vice-president for corporate strategy and development.
The existing collaboration between the two companies involves Mynaric’s Hawk optical communications terminal, which is mounted on aircraft to share data with other aircraft or the ground. Mynaric’s other products include the Condor family of optical communications terminals, which enable satellites to share data with each other.