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Millennium Space Systems Names Tony Gingiss as CEO

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Millennium Space Systems, a Boeing Company [NYSE: BA], has appointed Tony Gingiss as its new CEO effective December 9, 2024. With over 30 years of experience in space industry leadership, Gingiss previously held key positions at Terran Orbital, Virgin Orbit, and Airbus OneWeb Satellites. He will lead Millennium's 1,000-employee team, overseeing programs including FOO Fighter, Missile Track Custody, and TRACERS.

The appointment aims to scale operations and drive business growth while maintaining current commitments. Gingiss, who holds degrees from Purdue University and MIT, will focus on expanding national security space missions and increasing small satellite production capacity to meet growing customer demands.

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Positive

  • Appointment of experienced CEO with 30+ years in space industry leadership
  • Strong focus on scaling operations and business growth
  • Current workforce of 1,000 employees executing multiple space programs
  • Strategic positioning in growing small satellite and national security markets

Negative

  • None.

News Market Reaction 1 Alert

+2.07% News Effect

On the day this news was published, BA gained 2.07%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

EL SEGUNDO, Calif., Dec. 16, 2024 /PRNewswire/ -- Tony Gingiss is chief executive officer of Millennium Space Systems, a Boeing Company [NYSE: BA], effective December 9. Gingiss has more than 30 years of experience in executive leadership, operations, design and production, across commercial, civil, defense and national security space. He previously held pivotal roles with Terran Orbital, Virgin Orbit and Airbus OneWeb Satellites.

"We're pleased to welcome Tony back to Boeing as he takes the helm of Millennium Space Systems," said Michelle Parker, vice president of Boeing Space Mission Systems. "Tony brings strong leadership and extensive experience that will help us scale our operations while meeting current commitments and driving growth for the business."

Gingiss is leading Millennium's team of 1,000 employees as they execute FOO Fighter, Missile Track Custody, TRACERS and next-gen and advanced space programs. With a strong background in small sat production and development, Gingiss will oversee the company's continued production ramp-up and expansion of national security space missions.

"Our customers demand cutting-edge, high-quality and high-performance small satellites at an unprecedented pace," said Tony Gingiss, CEO of Millennium Space Systems. "I am thrilled to lead this exceptional Millennium team as we deliver our national security space missions, increase our velocity and expand our market reach."

Gingiss earned his bachelor's degree in aeronautical and astronautical engineering from Purdue University and his master's degree in aeronautics and astronautics from MIT. He was recognized with Purdue's 2019 Outstanding Aerospace Engineer Award and was awarded a Charles Stark Draper Laboratories Fellowship.

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.

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-names-tony-gingiss-as-ceo-302331893.html

SOURCE Millennium Space Systems

FAQ

Who is the new CEO of Millennium Space Systems (BA) and when did they start?

Tony Gingiss was appointed as CEO of Millennium Space Systems, effective December 9, 2024.

What major programs is Millennium Space Systems (BA) currently working on?

Millennium Space Systems is executing FOO Fighter, Missile Track Custody, TRACERS, and next-gen advanced space programs.

What is the current employee count at Millennium Space Systems (BA)?

Millennium Space Systems currently employs a team of 1,000 people.

What is Tony Gingiss's background before joining Millennium Space Systems (BA)?

Tony Gingiss has over 30 years of experience in space industry leadership, with previous roles at Terran Orbital, Virgin Orbit, and Airbus OneWeb Satellites.

What are the main focus areas for Millennium Space Systems (BA) under the new CEO?

Under Tony Gingiss, the company will focus on scaling operations, meeting current commitments, expanding national security space missions, and increasing small satellite production.
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