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Millennium Space Systems Completes FOO Fighter Critical Design Review in Just 10 Months

1. Millennium Space completed FOO Fighter CDR in 10 months, enhancing efficiency. 2. FOO Fighter aims for advanced missile defense with a satellite constellation. 3. Production phase starts, with satellites to be delivered by 2026. 4. Partnership with L3 underscores innovation in national security space. 5. Boeing's vertical integration supports rapid satellite delivery capabilities.

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FAQ

Why Bullish?

The completion of the FOO Fighter's CDR signifies strong project momentum. Historically, similar advancements have positively influenced defense contractors' stock values, enhancing Boeing's market perception.

How important is it?

The achievement in the FOO Fighter project signals Boeing's capability to secure contracts, positively affecting investor sentiment and market position.

Why Long Term?

Successful satellite delivery and operational capability by 2026 can lead to sustainable revenue streams. The long-term military contracts typically uplift stock valuations once operational success is proven.

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, /PRNewswire/ -- Millennium Space Systems, a Boeing [NYSE: BA] company, completed the Fire-control On Orbit-support-to-the-war Fighter (FOO Fighter) critical design review (CDR) in just 10 months after authorization to proceed. Millennium Space Systems FOO Fighter Program Completes Critical Design Review in 10 Months. Millennium will begin to deliver a constellations of satellites beginning in 2026. "Meeting rapid timelines is essential to ensuring we deliver mission capabilities when needed," said Doug Hulse, portfolio lead, Millennium Space Systems. "Completing the FOO Fighter critical design review in just 10 months highlights the efficiency and determination of our team. Our focus is always on providing the warfighter with the tools they need, and this achievement underscores our commitment to delivering mission requirements on time." FOO Fighter will demonstrate advanced missile defense capability by incorporating fire control-quality sensors into a prototype constellation. "We are thrilled to be working for the Space Development Agency to deliver the FOO Fighter Program and helping pave a new era in the industry, " said Tony Gingiss, CEO, Millennium Space Systems. "This collaboration with L3 is a testament to what can be achieved when industry leaders come together to push the limits of what's possible."The successful completion of CDR marks the transition to the production phase of the program, which includes delivering a constellation of eight satellites with a ground system in 2026. Millennium will perform mission operations once in orbit.About Millennium Space Systems‍Millennium 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.Media ContactMichael Atchue, Communications ManagerE-mail: [email protected] SOURCE Millennium Space Systems WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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