STOCK TITAN

Millennium Space Systems awarded additional Missile Track Custody plane

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Millennium Space Systems, a Boeing company, has been awarded a contract by the U.S. Space Force Space Systems Command for an additional plane of six Missile Track Custody (MTC) satellites. This brings their total contract to two planes, comprising 12 MTC satellites, along with ground systems and mission operations. The Boeing-provided electro-optical infrared payload features advanced sensor technology for high-resolution tracking from MEO, with enhanced onboard processing for faster threat detection and response. The company has also completed the ground system's critical design review, implementing an automated mission operations approach.

Loading...
Loading translation...

Positive

  • Secured additional contract for 6 MTC satellites, doubling total contract to 12 satellites
  • Successfully completed ground system critical design review
  • Developed automated mission operations system reducing manual workload

Negative

  • None.

News Market Reaction 1 Alert

-1.18% News Effect

On the day this news was published, BA declined 1.18%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

EL SEGUNDO, Calif., Oct. 23, 2024 /PRNewswire/ -- Millennium Space Systems, a Boeing [NYSE: BA] company, was awarded an Other Transaction Agreement with the U.S. Space Force Space Systems Command to deliver an additional plane of six Missile Track Custody, or MTC, satellites in support of its Resilient Missile Warning and Tracking Medium Earth Orbit Epoch 1 program.

Millennium Space Systems is now on contract to deliver two planes, or 12 MTC satellites, plus their associated ground system and mission operations.

"MTC is critical to our nation's resilient missile warning, tracking and defense architecture, and a second plane gets us that much closer to global coverage," said Michelle Parker, vice president, Boeing Space Mission Systems. "Our ability to deliver is enabled by our bus and payload designs, as well as our achievement of critical milestones on rapid timelines."

The Boeing-provided electro-optical infrared payload has advanced sensor technology for high-resolution tracking and custody capability from MEO. The payload provides high-resolution tracking and advanced onboard processing for real-time data analysis at the leading edge of detection, reducing the time between threat detection and response.

Millennium Space Systems also completed MTC's ground system critical design review earlier in the year.

"Small satellite proliferation has a fundamentally different ground concept than traditional systems," said Lindsay Dewald, MTC program manager, Millennium Space Systems. "What we did was architect an automated mission operations approach with real-time and pre-planned tasking."

The robust ground system will integrate seamlessly with the existing infrastructure. When the mission runs, the mission-unique software automates the work, allowing operators to spend their time on more important value-add tasks.

About Us

Millennium Space Systems, a Boeing Company, is a small satellite prime, delivering high-performance constellation solutions for National Security Space. Founded in 2001, the company's active production lines and 80% vertical integration enable the rapid delivery of small satellites across missions and orbits – LEO, MEO and GEO. For more information, visit www.millennium-space.com.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

Contact:
Dana Carroll
VP Marketing
dana.carroll@millennium-space.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/millennium-space-systems-awarded-additional-missile-track-custody-plane-302285168.html

SOURCE Millennium Space Systems

FAQ

What is the new contract awarded to Boeing (BA) for MTC satellites in 2024?

Boeing's Millennium Space Systems was awarded a contract for an additional plane of six Missile Track Custody satellites by the U.S. Space Force Space Systems Command, bringing their total to 12 satellites across two planes.

What technology does Boeing's (BA) MTC satellite payload include?

Boeing's MTC satellites feature electro-optical infrared payload with advanced sensor technology for high-resolution tracking and onboard processing capabilities for real-time threat detection from Medium Earth Orbit.

How many total MTC satellites will Boeing (BA) deliver under the current contract?

Under the current contract, Boeing's Millennium Space Systems will deliver a total of 12 MTC satellites, organized in two planes of six satellites each.
Boeing

NYSE:BA

BA Rankings

BA Latest News

BA Latest SEC Filings

BA Stock Data

169.49B
759.26M
0.07%
74.51%
2.1%
Aerospace & Defense
Aircraft
Link
United States
ARLINGTON