Boeing Completes Acquisition of Millennium Space Systems

Date:

ARLINGTON, Va. Boeing on September 25 completed the acquisition of Millennium Space Systems, a provider of agile, flight-proven small-satellite solutions.

Millennium Space Systems will operate under Boeing Phantom Works as a subsidiary called Millennium Space Systems, A Boeing Company. It will retain an independent operating model while benefiting from Boeing’s resources, scale, manufacturing capability and technology research as the leading provider of aerospace products and services.

ads

Boeing first announced the agreement with Millennium Space Systems on August 16, 2018, pending U.S. government approval. Terms of the approved deal were not disclosed and do not affect Boeing’s financial guidance or the company’s commitment to returning approximately 100 percent of free cash flow to shareholders.

Headquartered in El Segundo, Calif., Millennium Space Systems has approximately 260 employees and has developed high-performance satellites and space systems for exacting missions ranging from 50 KG to more than 6,000 KG.

More like this

SCD Israel Receives New Order for Sparrow MWIR Detectors

Tel Aviv: Israeli company SCD, specialising in the development...

Roboteam Launches Centralised Command-and-Control Platform Roboteam HUB

Tel Aviv: Israeli company Roboteam, a developer and manufacturer...

Proud Moment for GRSE: Second ASW SWC INS Androth Gets Commissioned Into Navy

Kolkata/Visakhapatnam: INS Androth – second in a series of...

Thrustworks Dynetics Secures Strategic Investment to Advance Next-Generation Rocket Propulsion Systems

Mumbai | Pune – Thrustworks Dynetics (TWD), a propulsion...

Sir Creek – The New Conflict Zone: Implications For National Security

On October 2, 2025, at a military base in...

Indian Navy Set to Commission Second ASW-SWC Androth – A Steady March With New Indigenous Inductions

Visakhapatnam: The Indian Navy is set to commission Androth,...

Exercise Konkan – 2025 Commences on the Western Seaboard

New Delhi: Indian Navy and Royal Navy bilateral Exercise...

Trump’s South Asia Ploy: Woo Pakistan, Use Bangladesh, Weaken India

Trump administration’s deepening of engagement with Pakistan and Bangladesh...
Indian Navy Special EditionLatest Issue