Boeing has bought satellite maker Millennium Satellite Systems for an undisclosed sum . Millennium ’s staff will become part of Boeing ’s Defense , Space and Security Division . "We expect the acquisition to fill out the low end of Boeing’s existing satellite family and take advantage of the market pivot to smaller, less expensive satellites," said Robert Spingarn, a New York-based analyst with Credit Suisse. Millennium makes small satellites , including the one used by the reusable unmanned Phantom II space plane Boeing is developing for the US military , which ferries satellites weighing up to 1,300 kg into orbit . Along with rival firms , Boeing is taking advantage of an economic boom from the Trump administration ’s plans for moon and Mars missions and Delta Force . To date , $ 1bn has been committed , with a further $ 8bn expected over the next five years .
Boeing has bought satellite maker Millennium Satellite Systems for an undisclosed sum . Millennium ’s staff will become part of Boeing ’s Defense , Space and Security Division . Millennium makes small satellites , including the one used by the reusable unmanned Phantom II space plane Boeing is developing for the US military , which ferries satellites weighing up to 1,300 kg into orbit . Along with rival firms , Boeing is taking advantage of an economic boom from the Trump administration ’s plans for moon and Mars missions and Delta Force . To date , $ 1bn has been committed , with a further $ 8bn expected over the next five years .