Millennium Space Systems Names Tony Gingiss as CEO
Rhea-AI Summary
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.
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
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.
"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
Contact:
Dana Carroll
VP Marketing
dana.carroll@millennium-space.com
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SOURCE Millennium Space Systems