Boeing has agreed to acquire US-based small-satellite solutions provider Millennium Space Systems for an undisclosed sum.

Through the deal, Boeing aims to expand its satellite and space portfolio as well as its talent and capabilities.

Subject to customary conditions, the deal is scheduled to be completed by the end of the third quarter of this year.

Following completion, Millennium Space Systems will become a Boeing subsidiary but will continue to operate under its current business model. It will report to Boeing Phantom Works vice-president and general manager Mark Cherry.

Established in 2001, Millennium Space Systems currently employs around 260 people and has developed satellites for exacting missions ranging from 50kg to more than 6,000kg.

“Millennium Space Systems’ expertise in vertically-integrated small-satellite solutions perfectly complements Boeing’s existing satellite portfolio.”

Boeing Defense, Space & Security President and CEO Leanne Caret said: “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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We look forward to incorporating Millennium Space Systems’ end-to-end mission solution capabilities into our service offerings in satellite operations and data solutions.”

Earlier this month, Boeing HorizonX Ventures participated in a Series B funding round led by G20 Ventures to invest in US-based additive manufacturing company Digital Alloys.

Digital Alloys’s Joule Printing metal additive manufacturing technology uses wire feedstock and high deposition rates to print metal parts more quickly and at a reduced cost.

The 3D-printed parts can be used in aerospace and other production applications.