LA PLATA, Maryland — Space- and airborne laser communications terminal (LCT) builder Mynaric AG reported a backlog of 348 units as of April 27, up from the backlog of 256 terminals as of Dec. 31.
Some of the new orders were accompanied by cash advances from customers. The company had reported 18.3 million euros ($19.5 million) in customer advances as of Dec. 31, 2022, and said it booked another 18.8 million euros in advances in the first four months of 2023.
Germany-based Mynaric is . . .
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