Boeing Completes Purchase of US Satellite Manufacturer Millennium Space Systems

WASHINGTON (Sputnik) – The purchase of Millennium Space System, a California manufacturer that specializes in small satellites, has been completed, the buyer, Boeing, announced in a press release on Tuesday

"Millennium Space Systems will operate under Boeing Phantom Works as a subsidiary called Millennium Space Systems, A Boeing Company," the release said. "It will retain an independent operating model while benefiting from Boeing's resources, scale, manufacturing capability and technology research as the leading provider of aerospace products and services."

READ MORE: Lockheed Martin Wins $7.2 Bln US Air Force Contract for Next-Gen GPS Satellites

Millennium specializes in military satellites and its primary customer is the US Air Force, according to published reports. Terms of the deal were not disclosed.

Headquartered in the state of California, Millennium has about 260 employees and has developed high-performance satellites and space systems ranging from 50 kg to more than 6,000 kg, the release explained.