{"id":18399,"date":"2018-08-16T17:26:56","date_gmt":"2018-08-16T09:26:56","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/boeing-expands-satellite-portfolio-with-acquisition-of-millennium-space-systems\/"},"modified":"2018-08-16T17:26:56","modified_gmt":"2018-08-16T09:26:56","slug":"boeing-expands-satellite-portfolio-with-acquisition-of-millennium-space-systems","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/boeing-expands-satellite-portfolio-with-acquisition-of-millennium-space-systems\/","title":{"rendered":"Boeing expands satellite portfolio with acquisition of Millennium Space Systems"},"content":{"rendered":"
\"Millennium
An artist\u2019s concept shows Millennium\u2019s Aquila satellite in orbit. (Millennium Space Systems Illustration)<\/figcaption><\/figure>\n

Boeing says it\u2019ll expand its already-strong satellite portfolio with the acquisition of Millennium Space Systems, a California-based venture that specializes in small satellites for national security customers.<\/p>\n

Founded in 2001, Millennium had its first satellite, the 200-kilogram (440-pound) Rapid Pathfinder Prototype, launched in 2011 for the National Reconnaissance Office\u2019s NROL-66 mission. Millennium says it provided more than six years of operations for three classified payloads.<\/p>\n

The privately held company was awarded a U.S. Air Force contract for a geosynchronous satellite system, based on its Aquila platform. It also won backing from the Defense Advanced Research Projects Agency for a class of small satellites that can be built in 90 days for less than $500,000.<\/p>\n

The first satellite in that class, Altair Pathfinder, was deployed into orbit from the International Space Station last year.<\/p>\n

\u201cMillennium Space Systems\u2019 expertise in vertically integrated small-satellite solutions perfectly complements Boeing\u2019s existing satellite portfolio, and will allow us to meet the needs of a diverse customer set,\u201d Leanne Caret, president and CEO of Boeing Defense, Space and Security, said today in a news release.<\/p>\n

\u201cWe look forward to incorporating Millennium Space Systems\u2019 end-to-end mission solution capabilities into our service offerings in satellite operations and data solutions,\u201d Caret said.<\/p>\n

https:\/\/www.youtube.com\/watch?v=kjViQzUCEY0<\/p>\n

Millennium CEO Stan Dubyn said he was proud of the accomplishments of his team, which currently takes in about 260 employees. \u201cBy combining our tools, talent, technologies and culture, we\u2019ll be able to do even more incredible things as part of Boeing,\u201d Dubyn said.<\/p>\n

The acquisition is subject to the customary conditions and is expected to close by the end of September. Once the deal closes, Millennium will become a Boeing subsidiary, operating under its current business model and reporting to Mark Cherry, the vice president and general manager of Boeing Phantom Works.<\/p>\n

Terms of the agreement were not disclosed. Boeing said the transaction will have no impact on the company\u2019s 2018 financial guidance or its commitment to returning free cash flow to shareholders.<\/p>\n

Boeing has manufactured satellites for a wide spectrum of applications \u2014 ranging from GPS satellites and military communication networks, to the TDRS satellites for NASA\u2019s space shuttle and space station programs, to commercial telecom satellites for customers including ViaSat, Intelsat, DirecTV and SiriusXM.<\/p>\n","protected":false},"excerpt":{"rendered":"

An artist\u2019s concept shows Millennium\u2019s Aquila satellite in orbit. (Millennium Space Systems Illustration) Boeing says it\u2019ll expand its already-strong satellite portfolio with the acquisition of Millennium Space Systems, a California-based venture that specializes in small satellites for national security customers. Founded in 2001, Millennium had its first satellite, the 200-kilogram (440-pound) Rapid Pathfinder Prototype, launched […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[670,2557,20],"class_list":["post-18399","post","type-post","status-publish","format-standard","hentry","category-news","tag-boeing","tag-millennium-space-systems","tag-satellite"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/18399"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=18399"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/18399\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=18399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=18399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=18399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}