Demonstrates Union Square Advisors’ continued momentum in providing superior advisory services to best-of-breed technology disruptors in highly strategic transactions
On August 16, 2018, Boeing announced that it has signed a definitive agreement to acquire Millennium Space Systems, a provider of agile, flight-proven small-satellite solutions, that will expand Boeing’s satellite and space portfolio, talent and capabilities.
“Millennium Space Systems’ expertise in vertically-integrated small-satellite solutions perfectly complements Boeing’s existing satellite portfolio, and will allow us to meet the needs of a diverse customer set,” said Leanne Caret, president and CEO of Boeing Defense, Space & Security. “We look forward to incorporating Millennium Space Systems’ end-to-end mission solution capabilities into our service offerings in satellite operations and data solutions.”
Millennium Space Systems was founded in 2001 and is based in El Segundo, Calif. With approximately 260 employees, the company has developed high-performance satellites for exacting missions ranging from 50 KG to more than 6,000 KG.
“I am proud of the talented and dedicated team we’ve built at Millennium Space Systems over the past 17 years,” said Stan Dubyn, CEO of Millennium Space Systems. “By combining our tools, talent, technologies and culture, we’ll be able to do even more incredible things as part of Boeing.”
The acquisition, which is subject to customary conditions, is expected to close by the end of third quarter 2018. The terms of the transaction were not disclosed.
About Millennium Space Systems
Millennium Space Systems is a privately held, employee-owned company founded in November 2001, providing alternative, relevant and affordable solutions to today’s aerospace challenges. The company designs flight systems and develops mission and system solutions for the Intelligence Community, Department of Defense, National Aeronautics & Space Administration, and commercial customers. For more information, please visit www.millennium-space.com.
Boeing is the world’s largest aerospace company and leading manufacturer of commercial jetliners, defense, space and security systems, and service provider of aftermarket support. As America’s biggest manufacturing exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training. For more information about Boeing Defense, Space & Security, visit www.boeing.com.
About Union Square Advisors
Founded in 2007, with offices in San Francisco and New York, Union Square Advisors works with leading public and private technology companies, private equity and venture capital firms across the technology landscape with a primary focus on Software, Software-Enabled Services, IT Infrastructure and Internet/Digital Media/Marketing Technology. Since inception, Union Square Advisors has advised on over 100 transactions, valued in excess of $95 billion. For more information, please visit www.usadvisors.com.