The Boeing Company acquired Millennium Space Systems, Inc., a transaction completed in September 2018, structured as Terms not disclosed.
Millennium Space Systems, Inc. operates in Defense, Space & Security (Phantom Works), is based in El Segundo, California. Boeing acquired Millennium Space Systems, a provider of agile, flight-proven small-satellite solutions, to expand its portfolio of advanced small-satellite technologies and flexible mission solutions. Boeing disclosed the completed deal in its third-quarter 2018 earnings materials, noting the acquisition would provide customers with advanced small-satellite capabilities. Millennium operated under Boeing Phantom Works following the close. Terms were not disclosed.
Boeing said the acquisition would provide customers with advanced small-satellite technologies and flexible solutions, strengthening its space portfolio.
A flight-proven small-satellite franchise that extended Boeing's space capabilities into the fast-growing small-sat and constellation market. Operated as a subsidiary under Boeing Phantom Works within Defense, Space & Security.
We also completed the acquisition of Millennium Space Systems, which will provide customers with advanced small-satellite technologies and flexible solutions.The Boeing Company, third-quarter 2018 earnings release (Form 8-K, Item 2.02, Exhibit 99.1)
Advisory firms were not disclosed for this transaction.