Latest news with #ProliferatedWarfighterSpaceArchitecture
Scoop
6 days ago
- Business
- Scoop
Rocket Lab Successfully Completes Critical Design Review For Space Development Agency's T2TL-Beta Constellation
As a prime contractor, Rocket Lab will deliver a constellation of 18 spacecraft for the Space Development Agency's Tranche 2 Transport Layer-Beta program, a foundational component of the Proliferated Warfighter Space Architecture. Long Beach, Calif. July 1, 2025 – Rocket Lab National Security LLC, a wholly-owned subsidiary of Rocket Lab USA (Nasdaq: RKLB) ('Rocket Lab' or 'the Company'), a global leader in launch services and space systems, today announced the successful completion of its Critical Design Review (CDR) for the Space Development Agency's (SDA) Tranche 2 Transport Layer-Beta (T2TL-Beta) program. The milestone follows Rocket Lab's successful Preliminary Design Review in late 2024, confirms that spacecraft design, manufacturing approach, and systems architecture meet all mission requirements and enables the program to move into full-scale production. As a prime contractor, Rocket Lab will deliver a constellation of 18 spacecraft for the T2TL-Beta program, part of the Proliferated Warfighter Space Architecture, a resilient, low-latency communications network in low Earth orbit (LEO) that support real-time connectivity for U.S. and allied forces worldwide. 'The Proliferated Warfighter Space Architecture is reshaping how the U.S. secures space for the joint force, and Rocket Lab is proud to be a contributor,' said Brad Clevenger, President of Rocket Lab National Security. 'With proven platforms and in-house production across key systems, we're building the backbone of resilient on-orbit capability for the warfighter. Our successful completion of CDR further demonstrates our ability to deliver trusted technology at the speed and scale needed to support national security space.' Rocket Lab's spacecraft for the T2TL-Beta program is based on its high-performance Lightning platform, tailored for the power and data-handling demands of national security LEO constellations. As a vertically integrated provider, Rocket Lab designs and manufactures its spacecraft buses and key subsystems in-house, including solar panels, composite structures, star trackers, reaction wheels, radios, avionics, flight and ground software, launch dispensers, and more allowing the Company to maintain tight control over quality, cost, and schedule.
Business Wire
26-06-2025
- Business
- Business Wire
Candlewood Partners Advises Mynaric AG on its Restructuring
DELRAY BEACH, Fla.--(BUSINESS WIRE)-- Candlewood Partners ("Candlewood"), a middle market investment bank, is pleased to announce the successful restructuring of all existing secured debt issued by Mynaric AG ("Mynaric") together with arranging a new financing to strengthen the company's balance sheet and support the company as it further scales production. Mynaric is a US- and European- integrated designer and manufacturer of mission critical laser communications systems for command and communication applications across space, airborne, and terrestrial operations. The company supports some of the US Government's most high-profile programs, such as the SDA's Proliferated Warfighter Space Architecture satellite constellation and serves as a strategic supplier to leading commercial Aerospace & Defense customers. Candlewood Partners acted as the financial advisor and investment banker to assist the company in reaching a restructuring deal with the holders of its $105.5M note, as well as raising an incremental €50 million in funding to support the operations of the business going forward. On May 28, 2025, the restructuring plan proposed by the company in accordance with the German Corporate Stabilization and Restructuring Act ('StaRUG') was confirmed by the restructuring court, and became legally effective June 25, 2025. The transaction results in the following for Mynaric: Cancellation of all outstanding equity interests and delisting on both the Frankfurt Stock Exchange and NASDAQ Cancellation of the full $105.5 million secured note, plus accrued interest and exit fees, in exchange for 100% of the company's common share ownership An injection of €50 million in new funding by the former noteholders This transaction underscores Candlewood's strength in restructuring advisory and cross-border advisory services and continued success advising clients in the aerospace & defense sector. ABOUT MYNARIC AG Mynaric is leading the industrial revolution of laser communications by producing optical communications terminals for air, space and mobile applications. Laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The company is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, D.C. ABOUT CANDLEWOOD PARTNERS Candlewood Partners is a Cleveland, New York, and South Florida-based boutique investment bank and advisory firm. Our focus is middle market capital raising, restructuring advisory, lender services, and M&A execution. Since 2001, Candlewood has supported the needs of private companies, small cap public companies, private equity and independent sponsors, and private credit lenders. We leverage decades of experience to maximize value for our clients, successfully navigating complex engagements across diverse industries and markets worldwide.
Yahoo
05-06-2025
- Business
- Yahoo
Mynaric Advances Laser Communications with Product Deliveries and Technology Milestones
MUNICH, DE / / June 5, 2025 / Mynaric, a leading provider of industrialized, cost-effective, and scalable laser communications products, today announced significant customer deliveries of its CONDOR Mk3 optical communications terminals and major progress in the technical development of the next-generation CONDOR Mk3.1 terminal. "Mynaric continues to execute on its commitments and advance the market for space-based optical communications. As of today, we have delivered more than 100 CONDOR Mk3 terminals to our customers, including the first complete launch set to a prime customer for Tranche 1 of the Space Development Agency's (SDA) Proliferated Warfighter Space Architecture program," said Joachim Horwath, Chief Technology Officer of Mynaric. "In parallel, we are advancing the design of the space-qualified CONDOR Mk3.1 terminal, which is slated to support the SDA's Tranche 2 program, as well as a range of commercial applications." Building on the flight-ready architecture of the Mk3, the CONDOR Mk3.1 terminal is being developed with a focus on higher data rates and enhanced efficiency. Targeting up to 100 Gbps, it offers improved performance while reducing weight and power consumption - making it ideally suited for both government and commercial satellite constellations. "At Mynaric, we work hand-in-hand with our customers to shape the future of laser communications," said Tim Deaver, Mynaric's Vice President of Global Sales & Solutions. "Our next-generation products, like the CONDOR Mk3.1, are a direct result of ongoing collaboration with industry partners and a deep understanding of evolving mission requirements. By listening closely to customer feedback and anticipating market needs, we're able to deliver solutions that are not only technically advanced but also operationally relevant." This customer-driven approach is supported by a scalable production line that continues to expand. In parallel with these deliveries, Mynaric has ramped up volume production of the CONDOR Mk3 terminal, manufacturing more than 150 optical heads to date. While shipments were delayed in January 2025 due to supplier-related shortages of key components, the company rebounded strongly in the first half of the year, achieving triple-digit yields - underscoring its ability to scale industrialized manufacturing for space-based laser communications. "With the court confirming our restructuring plan and the StaRUG process entering its final stage, Mynaric is now focused on accelerating the deployment of next-generation optical communications technology, enhancing profitability, and ensuring long-term financial stability," said Andreas Reif, Chief Restructuring Officer of Mynaric. About Mynaric Mynaric (FRA:M0YN)(OTC PINK:MYNAY) is leading the industrial revolution of laser communications by producing optical communications terminals for air, space and mobile applications. Laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The company is headquartered in Munich, Germany, with additional operations in Los Angeles, California. For more information, visit Mynaric AG+49 8105 7999 0comms@ SOURCE: Mynaric AG View the original press release on ACCESS Newswire Sign in to access your portfolio
Associated Press
05-06-2025
- Business
- Associated Press
Mynaric Advances Laser Communications with Product Deliveries and Technology Milestones
MUNICH, DE / ACCESS Newswire / June 5, 2025 / Mynaric, a leading provider of industrialized, cost-effective, and scalable laser communications products, today announced significant customer deliveries of its CONDOR Mk3 optical communications terminals and major progress in the technical development of the next-generation CONDOR Mk3.1 terminal. 'Mynaric continues to execute on its commitments and advance the market for space-based optical communications. As of today, we have delivered more than 100 CONDOR Mk3 terminals to our customers, including the first complete launch set to a prime customer for Tranche 1 of the Space Development Agency's (SDA) Proliferated Warfighter Space Architecture program,' said Joachim Horwath, Chief Technology Officer of Mynaric. 'In parallel, we are advancing the design of the space-qualified CONDOR Mk3.1 terminal, which is slated to support the SDA's Tranche 2 program, as well as a range of commercial applications.' Building on the flight-ready architecture of the Mk3, the CONDOR Mk3.1 terminal is being developed with a focus on higher data rates and enhanced efficiency. Targeting up to 100 Gbps, it offers improved performance while reducing weight and power consumption - making it ideally suited for both government and commercial satellite constellations. 'At Mynaric, we work hand-in-hand with our customers to shape the future of laser communications,' said Tim Deaver, Mynaric's Vice President of Global Sales & Solutions. 'Our next-generation products, like the CONDOR Mk3.1, are a direct result of ongoing collaboration with industry partners and a deep understanding of evolving mission requirements. By listening closely to customer feedback and anticipating market needs, we're able to deliver solutions that are not only technically advanced but also operationally relevant.' This customer-driven approach is supported by a scalable production line that continues to expand. In parallel with these deliveries, Mynaric has ramped up volume production of the CONDOR Mk3 terminal, manufacturing more than 150 optical heads to date. While shipments were delayed in January 2025 due to supplier-related shortages of key components, the company rebounded strongly in the first half of the year, achieving triple-digit yields - underscoring its ability to scale industrialized manufacturing for space-based laser communications. 'With the court confirming our restructuring plan and the StaRUG process entering its final stage, Mynaric is now focused on accelerating the deployment of next-generation optical communications technology, enhancing profitability, and ensuring long-term financial stability,' said Andreas Reif, Chief Restructuring Officer of Mynaric. About Mynaric Mynaric (FRA:M0YN)(OTC PINK:MYNAY) is leading the industrial revolution of laser communications by producing optical communications terminals for air, space and mobile applications. Laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The company is headquartered in Munich, Germany, with additional operations in Los Angeles, California. For more information, visit Mynaric AG +49 8105 7999 0 [email protected] SOURCE: Mynaric AG press release
Yahoo
21-05-2025
- Business
- Yahoo
Why L3Harris Stock Inched Higher on Wednesday
President Trump called for building a $175 billion Golden Dome missile defense system Tuesday. L3Harris was specifically named as one likely participant in the program. Investors rushed to buy L3Harris stock at the market open Wednesday. 10 stocks we like better than L3Harris Technologies › Defense stock L3Harris Technologies (NYSE: LHX) is getting some positive attention on Wall Street today, after President Trump announced plans yesterday to spend $175 billion to build a Golden Dome missile shield over the United States. Shares of the defense contractor surged nearly 5% at the open, and remain up 1.3% as of 10:15 a.m. ET. "Once fully constructed, the Golden Dome will be capable of intercepting missiles even if they are launched from other sides of the world," promised the president, while predicting the missile defense system will be operational within three years, and within his current term of office. "We have officially selected an architecture for this state-of-the-art system," added the president, and allocated $25 billion to begin construction within the new "Big, Beautiful Bill" -- the president's budget proposal for fiscal year 2026. Commenting on Trump's announcement, J.P. Morgan analyst Seth Seifman observed that "LHX got a shout-out" at the press conference, although "many [other] contractors [will also] participate" in it. Northrop Grumman, Lockheed Martin, Palantir, and RTX Corp were all named as potential beneficiaries of Golden Dome, along with private space and defense companies SpaceX and Anduril. The analyst noted that L3Harris recently completed a $125 million expansion of its satellite manufacturing facility in Fort Wayne, Indiana, and has been a repeat winner of contracts to build tracking layer satellites for the Space Force's Proliferated Warfighter Space Architecture missile detection and tracking system, which is presumed to be part of Golden Dome. "Another avenue for LHX to participate is with rocket motors for interceptors," added J.P., giving L3Harris yet another route to profit under Trump's Golden Dome. Before you buy stock in L3Harris Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and L3Harris Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends L3Harris Technologies and Palantir Technologies. The Motley Fool recommends Lockheed Martin and RTX. The Motley Fool has a disclosure policy. Why L3Harris Stock Inched Higher on Wednesday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
