Boeing is consolidating its satellite portfolio with that of its wholly owned subsidiary Millenium Space Systems in a bid to expand capacity and product selection. The move is explained as a plan to fulfill the two businesses’ current commitments and to address demand for defense and commercial satellites.
Fortune Business Insights evaluates the global satellites market at $23.17 billion for 2026, with consolidated annual growth projected at 12.53% to $59.58 billion by 2034.
“We’re aligning our space business to meet a market that is moving faster and asking for more flexibility,” stated Kay Sears, vice president and general manager of Boeing Space, Intelligence & Weapons Systems, the operating unit of the Boeing Defense, Space & Security business focused advanced space exploration, satellites, munitions, missiles, and strategic intelligence systems. “That means increasing production throughput, broadening the portfolio and giving customers more options for how they field and scale capability over time.”
Though no costs were announced, Boeing reported there will be new investments in common products, repeatable manufacturing approaches, and integration of the two units’ offerings. It also set a target for 26 satellite deliveries during 2026.
Millenium Space Systems is a developer and manufacturer, and operator, of small satellite constellations for national security, defense, and civil space missions that Boeing purchased in 2018 for an undisclosed price. Its satellite products range from 50 to over 3,000 kg for low-earth, medium-earth, or geostationary orbit.
Working together, Boeing and Millennium will introduce a new mid-class satellite platform called Resolute, for missions that need more capability than a traditional small satellite can provide, but with more speed and flexibility than a typical large satellite program.
Resolute will be built on Millennium common products and flight-proven avionics to give customers a new option for communications, sensing and other mission requirements.
“This is about more than one product,” stated Millenium CEO Tony Gingiss. “We are building the production depth, common architecture and capacity to scale with demand. That includes expanding into mission areas where customers want more capability, while staying focused on execution and delivery across the backlog already in front of us.”
