Subscribe Free
in Space

Boeing to acquire Millennium Space Systems

Posted 20 August 2018 · Add Comment

Boeing will acquire Millennium Space Systems, a provider of agile, flight-proven small-satellite solutions, under an acquisition agreement that will expand Boeing's satellite and space portfolio, talent and capabilities.

 

"Millennium Space Systems' expertise in vertically-integrated small-satellite solutions perfectly complements Boeing's existing satellite portfolio, and will allow us to meet the needs of a diverse customer set," said Leanne Caret, president and CEO of Boeing Defense, Space & Security. "We look forward to incorporating Millennium Space Systems' end-to-end mission solution capabilities into our service offerings in satellite operations and data solutions."

Millennium Space Systems was founded in 2001 and is based in El Segundo, Calif. With approximately 260 employees, the company has developed high-performance satellites for exacting missions ranging from 50 KG to more than 6,000 KG.

"I am proud of the talented and dedicated team we've built at Millennium Space Systems over the past 17 years," said Stan Dubyn, CEO of Millennium Space Systems. "By combining our tools, talent, technologies and culture, we'll be able to do even more incredible things as part of Boeing."

The acquisition, which is subject to customary conditions, is expected to close by the end of third quarter 2018. Once finalised, Millennium Space Systems will become a Boeing subsidiary, operating under its current business model and reporting to Mark Cherry, vice president and general manager of Phantom Works.

* required field

Post a comment

Other Stories
Advertisement
Latest News

Boeing's newest jetliner makes maiden flight

At last some good news for Boeing as the company’s new 777X took to the skies yesterday, for the first time to enter the next phase of its rigorous test programme. Based on the popular 777 and with proven technologies from the 787 Dreamliner,

Emirates marks 20 years of operations to Bahrain

Emirates is celebrating 20 years of services to Bahrain.

Boeing postpones first flight of 777X due to poor weather

Boeing is postponing the 777X first flight that was scheduled to take place today, January 23, due to weather.

Etihad Airways celebrates Chinese New Year with special treats for guests

Etihad Airways, in partnership with the Abu Dhabi National Oil Company (ADNOC), is celebrating Chinese New Year with a special flight from Abu Dhabi to Shanghai operated by the airline’s unique ‘Choose China’ themed aircraft livery.

Boeing statement on 737 MAX return to service

The Boeing Company has issued a statement regarding the 737 MAX return to service.

Bombardier gets green light for avionics upgrade on Learjet aircraft

Bombardier has announced that the U.S. Federal Aviation Administration (FAA) has certified the latest update to the popular Garmin G5000 avionics suite aboard Learjet aircraft.

CFM SK0512310120
See us at
SaudiAirshow21BT2011180221Sofex BT2611020420AIME BT0801260220MRO_BT161219260220AVMENA20 BT1309100620AVAFA20BT2607050320FIL20BT140124720