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Boeing to Acquire Millennium Space Systems, provider of agile, flight-proven small-satellite solutions 2018.08.17

Arlington, Va., USA - August 16, 2018 - Boeing (NYSE: BA) 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 developed ALTAIR avionics and software using modern technologies and methods.
Photo courtesy of Millennium Space Systems
 

Arlington, Va., USA - August 16, 2018

• Combined capabilities will provide customers with advanced small-satellite technologies and flexible solutions

Boeing (NYSE: BA) 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.

Photo courtesy of Millennium Space Systems
 
"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 ALTAIR™ Pathfinder Satellite Surpasses 10,000 Hours in Orbit.
Photo courtesy of Millennium Space Systems
 
Millennium Space Systems was founded in 2001 and is based in El Segundo, Calif., USA.

http://www.millennium-space.com/   


 
 
With approximately 260 employees, the company has developed high-performance satellites for exacting missions ranging from 50 KG to more than 6,000 KG.

Millennium Space Systems announces the successful completion of its ALTAIR Pathfinder mission objectives last week as the spacecraft reached its six-month milestone and 4,500 hours of successful operations in low earth orbit.
Photo courtesy of Millennium Space Systems
 
"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."

Millennium Space Systems adds a new flight-proven ALTAIR spacecraft to its family of heritage spacecraft through a successful on-orbit deployment from NanoRacks commercial launch service.
Photo courtesy of Millennium Space Systems
 
The acquisition, which is subject to customary conditions, is expected to close by the end of third quarter 2018.


ALTAIR Pathfinder Spacecraft Ships to Commercial Launch Integrator for Manifest Aboard NASA’s International Space Station for Maiden Flight Pre-Production Technology Demonstrator Paves the Way for Affordable High-Performance Satellite Constellations.
Photo courtesy of Millennium Space Systems
 
Once finalized, 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.

The terms of the agreement were not disclosed.

Millennium Space Systems Receives Order from SSL for Follow-on Buy of Reaction Wheels.
Photo courtesy of Millennium Space Systems
 
The transaction will have no impact on Boeing's 2018 financial guidance or the company's commitment to returning approximately 100 percent of free cash flow to shareholders.

For more information about Boeing Defense, Space & Security,

visit
  www.boeing.com  or follow us on Twitter @BoeingDefense.


Contact

Chaz Bickers
Boeing Communications
+1 312-544-2002
charles.n.bickers@boeing.com  

Eric Carlson
Boeing Communications
+1 703-414-6252
+1 314-651-6240
eric.j.carlson2@boeing.com  


SOURCE  Boeing

http://boeing.mediaroom.com/  



ASTROMAN Magazine - 2018.07.20

Boeing Showcases the Future of Aerospace with Successful Farnborough Airshow, Announcing USD100 Billion in Orders and Commitments

https://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2548  


ASTROMAN Magazine - 2018.06.29

Boeing Chinook Block II Program Moves to Final Assembly

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ASTROMAN Magazine - 2018.05.03

Boeing: Aviall to lead AHRLAC supply chain, join industry team Bronco Combat Systems

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ASTROMAN Magazine - 2018.05.02

Boeing to Acquire Leading Aerospace Parts Distributor KLX Inc. to Enhance Services Business Growth for USD 4.25 billion

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ASTROMAN Magazine - 2017.11.16

Boeing, flydubai Sign Historic Deal for 225 737 MAX Airplanes Valued at USD 27 billion

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ASTROMAN Magazine - 2017.11.02

Boeing HorizonX Invests in Advanced Materials Producer Gamma Alloys

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ASTROMAN Magazine - 2017.10.06

Boeing to Acquire Aurora Flight Sciences to Advance Autonomous Technology Capabilities

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ASTROMAN Magazine - 2017.08.23

Boeing Awarded Design Work for New Intercontinental Ballistic Missile through a USD 349 Million

https://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2318  


ASTROMAN Magazine - 2017.07.01

Boeing Raises Forecast for New Airplane Demand. 20-year outlook projects 41,000+ new airplanes, valued at USD 6.1 trillion

https://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2287  


ASTROMAN Magazine - 2017.06.14

Boeing Streamlining Defense and Space Unit to Boost Competitiveness

https://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2275  


ASTROMAN Magazine - 2017.06.03

Boeing Satellite for ViaSat to Significantly Enhance Satellite Broadband Communications

https://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2267  


ASTROMAN Magazine - 2017.05.09

Boeing Demonstrates Airborne Networking System

https://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2241  


ASTROMAN Magazine - 2017.04.01

Boeing 787-10 Dreamliner Completes First Flight

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ASTROMAN Magazine - 2017.02.18

Boeing Debuts 787-10 Dreamliner

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ASTROMAN Magazine - 2016.10.14

Boeing, China Southern Airlines Finalize Order for 12 787-9 Dreamliners, valued at USD 3.2 Billion

https://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2136  


ASTROMAN Magazine - 2016.05.03

Boeing 737 MAX Makes First International Journey for FlightTesting

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ASTROMAN Magazine - 2016.02.12

Boeing, U.S. Air Force Complete KC-46 Tanker Refueling Flight with F/A-18

https://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2022  



Editor-in-Chief of ASTROMAN magazine: Roman Wojtala, Ph.D.


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