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

35 airlines confirmed for inaugural CONNECT Middle East, India & Africa forum

More than 30 airlines have confirmed their participation at the inaugural CONNECT Middle East, India & Africa co-located with Arabian Travel Market 2019 and taking place at Dubai World Trade Centre on Tuesday 30th April and Wednesday

Emirates increases flights to Cairo

Emirates has announced it will increase the frequency of flights between Dubai and Cairo, adding four additional flights a week to its existing thrice-daily service, starting 28 October, 2019.

Ethiopian adds Istanbul to its route network

Ethiopian Airlines has finalised all preparations to launch a direct thrice weekly flight to Istanbul, Turkey as of April 1, 2019.

Boeing announces trio of leadership moves

Boeing has announced three leadership moves aimed at further strengthening the company's global presence and partnerships.

Rwandan Government backs OneWeb network

The Government of Rwanda - alongside SoftBank Group Corp., Grupo Salinas, Qualcomm Technologies Inc. - has led a new round of funding of OneWeb's satellite communications network, totalling $1.25 billion.

Embraer announces CEO succession

Embraer, following shareholder approval of the transaction with Boeing, announces that the current President and CEO of the company, Paulo Cesar de Souza e Silva, concludes a successful professional cycle with the company on April 22,

Connect MEIA SK1402010519
See us at
Connect MEIA BT1402010519