Boeing to Acquire Millennium Space Systems, provider of agile, flight-proven small-satellite solutions
Boeing Company (The) (BA)
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Source: PR Newswire
ARLINGTON, Va., Aug. 16, 2018 /PRNewswire/ -- 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 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
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