Aerospace Group:

Boeing Closes Acquisition of Millennium Space Systems

By Woodrow Bellamy III

Thursday, September 27th, 2018

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Boeing [BA] has completed its acquisition of Millennium Space Systems, providing an expansion of its existing satellite portfolio to compete for growing military interest in developing satellites faster at a much lower cost.Under the acquisition, Millennium will retain an independent operating model as a subsidiary within Boeing’s Phantom Works division. A representative for Boeing has confirmed that the company does not anticipate any executive leadership or location changes for Millennium after closing the acquisition. Millennium CEO Stan Dubyn will report…

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