Boeing to purchase Millenium Space Systems

by | Aug 20, 2018 | Finance, Seradata News

American satellite manufacturer Boeing Defence, Space and Security revealed plans, on 16 August, to purchase the new space satellite manufacturer, Millennium Space Systems. The deal is expected to be completed later in the year and will see Millennium become a Boeing-owned subsidiary.

Millennium, founded in 2001, has developed the small ALTAIR and medium AQUILA satellite platforms for commercial and military customers.

Comment by David Todd: This move is seen as a way of Boeing getting its finger in the manufacturing pie for small satellite platforms to add to its larger spacecraft manufacturing interests.

 

 

 

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