Mynaric Warns of Laser Terminal Production Delays

Mynaric is blaming production delays for its Condor Mk3 satellite laser communications terminal for bigger projected losses this year. It said Tuesday that owing to issues such as component supplier shortages, it was expecting 2024 losses of $55.5 million to $61 million instead of its previous forecasted $33.3 million to $44.4 million. Mynaric also said CFO Stefan Berndt von-Bulow left the company.