Thursday, August 16, 2018

Millenium Space Systems Acquired By Boeing

El Segundo-based Millenium Space Systems, a developer of small satellite systems, has been acquired by Boeing, Boeing said on Thursday. Financial details of the acquisition were not announced. Boeing said that Millennium Space Systems has approximately 260 employees. Millennium was founded in 2001, and was led by CEO Stan Dubyn. According to Boeing, Millennium Space Systems will become a subsidiary of the company, and will report to the company's Phantom Works division. Boeing said the acquisition will have no impact on its financial guidance.

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