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.

Other Stories
Advertisement
Latest News

Bestfly Cabo Verde receives third ATR-600

Bestfly Cabo Verde has received its third ATR 72-600, from aircraft leasing company Elix Aviation, that will provide inter-island services in Cape Verde.

UNWTO and AFRAA to to restart of African tourism and travel

UNWTO has signed an MoU with the African Airlines Association (AFRAA) to work more closely together and strengthen the relationship between the aviation and tourism sectors.

United Airlines adds service between Lagos and Washington D.C.

United Airlines has announced a new service between Lagos and Washington, D.C. will begin 29 November westbound and 1 December 2021 eastbound (subject to government approval).

Zela Aviation and Precision Air sign strategic agreement

Aircraft chartering and sales company Zela Aviation has entered a strategic partnership with Tanzania’s Precision Air.

Inmarsat launches new customer experience platform for airlines

Inmarsat has launched its innovative new OneFi customer experience platform for airlines.

FAI dedicates Global Express to ultra-long-range air ambulance operations

FAI rent-a-jet, Germany’s Special Mission Operator, has configured one of its seven Global Express aircraft (D-AFAM) as a dedicated air ambulance.

Aviation Africa 2022SK
See us at
WDS BT1202090322Aviation MENA 2022DIACC BT0809131121DAS21_BT