Boeing acquires Hughes Space and Communications
- Acquirer
- Boeing
- Acquired organization
- Hughes Space and Comms. Co (Hughes Satellite Systems)
Event context
Boeing acquired Hughes Electronics Corporation's satellite manufacturing business, Hughes Space and Communications Company, in 2000 (~$3.75B including related Hughes space/communications units), forming what became Boeing Satellite Systems -- a separate transaction from Raytheon's 1997 acquisition of Hughes' core defense/aerospace business.