Mynaric announced that it entered into a definitive agreement for the sale of CONDOR Mk3 terminals to Loft Federal, a subsidiary of Loft Orbital. Loft Federal was selected to produce, deploy and operate NExT - the Space Development Agency's (SDA) Experimental Testbed and will use the terminals to support secure and reliable communications. Terminal deliveries are primarily scheduled for the first half of 2024.

The order announced was received in late 2022 and was already accounted for in the previously disclosed optical communications terminal backlog as of December 31, 2022. NExT - SDA's Experimental Testbed will demonstrate warfighter utility of emerging mission partner satellite payloads prior to potential incorporation in future tranches. The program will leverage the low latency data transfer and beyond line-of-sight command and control infrastructure established by the Proliferated Warfighter Space Architecture to field and connect additional space vehicles with different mission payload configurations.

Mynaric's CONDOR Mk3 optical communications terminal is specifically designed as a key communication and data transfer system built for mass deployment as part of government and commercial satellite constellations and offers full compatibility with the Space Development Agency's (SDA) interoperability standard. It has previously been selected by Northrop Grumman for the SDA's Tranche 1 Transport and Tracking Layers, by Capella Space for commercial synthetic aperture radar (SAR) satellites, by WARPSPACE for a satellite data relay network and others. It's predecessor, the CONDOR Mk3, was recently delivered to Telesat Government Solutions, and the SDA's Experimental Testbed, which is designed to deliver reliable performance on Longbow, its turnkey satellite platform.