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

IDF Starts Using Advanced MBT Simulator Developed by Elbit Systems

Tel Aviv: The armoured corps of the Israeli defence...

ISRO, ESA Sign Comprehensive Agreement Aimed at Advancing Human Space Exploration

New Delhi: The Indian Space Research Organisation (ISRO) and...

Sixth Generation Global Combat Air Program Likely to Have Saudi Arabia as a New Partner

Tel Aviv: Earlier this month, Italy announced that Saudi...

RRP S4E Innovations Bags Orders Worth Rs 102 Crore from Ministry of Defence

Mumbai: RRP S4E Innovations Ltd., a leading player in electro-optics...

Destroyer Surat and Frigate Nilgiri Delivered to Indian Navy

New Delhi: In a historic milestone for the country's...

Air Canada Orders Five Additional A220s

Mirabel, Canada. Air Canada, the national carrier of Canada,...
Indian Navy Special EditionLatest Issue