Boeing flies high as it takes on U.S. based Millennium Space Systems
Date: 2018-08-19   Author: Pankaj Singh  Category: #news

Boeing flies high as it takes on U.S. based Millennium Space Systems

Boeing Co., the aerospace giant, has reportedly announced that it is planning to take over El Segundo (California) based Millennium Space Systems, the official military satellite contractor, in a bid to expand its satellite and space offerings.

For the record, MSS (Millennium Space Systems) is a manufacturer and developer of military satellites and boasts of profound expertise in complex space system engineering. Although the U.S. Air Force is its primary customer, the privately-owned firm has also received contracts from NASA. Its acquisition may allow Boeing to explore new opportunities and consolidate its stance in the national security space vertical, claim experts.

According to the Los Angeles Times, small satellites are now being increasingly deployed for commercial purposes, on the grounds of which they are being subjected to strict evaluation by the United States Military. The DARPA (Defense Advanced Research Projects Agency) has also put forth a challenge for commercial manufacturers, stating that the ones who are capable of launching tiny satellites through small rockets with minimum notice would be handsomely rewarded.

According to Leanne Caret, Chief Executive Officer and President of Boeing Space, Defense & Security, the experience and expertise of Millennium Space Systems in solutions related to small-satellites that are vertically-integrated are a perfect match for Boeing’s present satellite business, and would allow the company to meet diverse customer needs.

Caret further added that Boeing would integrate the end-to-end mission resolution competence of Millennium Space Systems in its satellite solutions and data services.

Stan Dubyn, the Chief Executive officer of Millennium Space Systems, is of the opinion that the organization would be able to do more incredible things under Boeing’s leadership by joining talent, technology, tools, and culture.

For the record, Millennium Space Systems started operating in 2001 and its employee headcount is approximately 260. The firm is reputed to have built satellites weighing about 50 kg to 6,000 kg or even more.

Financial details of the deal have not been disclosed so far.



About Author


Pankaj Singh

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

More from Pankaj


Post Recommendents

Airtel & Western Union launch real-time payments in India & Africa
Author: Pankaj Singh

Bharti Airtel, a renowned telecommunications company operating across 18 countries in Africa and Asia, and Western Union, an American communications and financial services firm, reportedly announced a new milestone in ...


Flutterwave raises funding of $35 Mn & partners with Worldpay FIS
Author: Saipriya Iyer

Flutterwave, a Lagos and San Francisco-based company, has recently raised $35 Mn through a Series B funding round. The company has also announced a partnership with a payment processing company, Worldpay FIS to scale u...


Gojek and TTD announce a new partnership for O2O measurement solution
Author: Pankaj Singh

Gojek, a renowned Indonesian technology company, and The Trade Desk (TTD), a US-based software technology company, together announced an exclusive collaboration to offer unprecedented insight to advertisers in the impa...