Virgin Galactic Enters Space Act Agreement with NASA to Advance High Mach Technologies
05 Maio 2020 - 5:05PM
Business Wire
Virgin Galactic Announces Partnership to Enable
the Development of High Speed Point-to-Point Technologies
Virgin Galactic Holdings, Inc. (NYSE:SPCE) (“Virgin Galactic” or
“the Company”) and its wholly owned subsidiary, The Spaceship
Company (“TSC”), announced today the signing of a Space Act
Agreement with NASA to facilitate the development of high speed
technologies.
The Space Act Agreement (“SAA”), is set to enable and foster
collaboration between NASA, Virgin Galactic and The Spaceship
Company in order to advance the United States’ efforts to produce
technically feasible, high Mach vehicles for potential civil
applications.
Virgin Galactic believes that it is able to leverage its robust
platform of advanced technologies, significant vertically
integrated design, engineering and manufacturing capabilities, and
thousands of hours of flight testing to develop additional
aerospace applications. Together with its industry partners, Virgin
Galactic is seeking to develop a vehicle for the next-generation of
safe and efficient high speed air travel, with a focus on customer
experience and environmental responsibility.
In partnership with NASA, Virgin Galactic believes there are
significant opportunities to apply higher speeds to drive
technological development to allow industries to adapt to the
changing economic and ecological environment. The collaboration
will aim to inform the development of national strategies using
economic and technical foundations with a focus on
sustainability.
George Whitesides, CEO of Virgin Galactic Holdings said: “This
is the beginning of an important partnership for Virgin Galactic
and The Spaceship Company that will support the future development
of aviation technology. Virgin Galactic’s unique experience and
innovative technology platform will, in partnership with the
historic capabilities of NASA and other government agencies, enable
the progression of new technical steps that will improve US
competitiveness. We see this as an area with tremendous growth
potential that we will continue to invest in, alongside our
commercial spaceflight operations.”
Dr. James Kenyon, Director of the NASA Aeronautics Advanced Air
Vehicles Program said: “This Space Act Agreement will enable NASA
to collaborate with Virgin Galactic and The Spaceship Company to
allow our organizations to take advantage of new tools, techniques,
and technologies developed over the last 50 years and to explore
potential new solutions for the commercial aviation industry.”
About Virgin Galactic
Virgin Galactic is a vertically-integrated aerospace company,
pioneering human spaceflight for private individuals and
researchers, as well as a manufacturer of advanced air and space
vehicles. Using its proprietary and reusable technologies and
supported by a distinctive, Virgin-branded customer experience, it
is developing a spaceflight system designed to offer customers a
unique, multi-day, transformative experience. This culminates in a
spaceflight that includes views of Earth from space and several
minutes of weightlessness that will launch from Spaceport America,
New Mexico. Virgin Galactic and The Spaceship Company believe that
one of the most exciting and significant opportunities of our time
lies in the commercial exploration of space and the development of
technology that will change the way we travel across the globe in
the future. Together we are opening access to space to change the
world for good.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of federal securities laws with respect to
Virgin Galactic Holdings, Inc. (the "Company"), including
statements regarding the Company’s spaceflight systems, markets and
expected performance. These forward-looking statements generally
are identified by words such as “believe,” “project,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” and
similar expressions. Forward-looking statements are predictions,
projections and other statements about future events that are based
on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this presentation, including but not limited to the
factors, risks and uncertainties regarding the Company's business
described in the documents filed by the Company from time to time
with the Securities and Exchange Commission (the "SEC"). These
filings identify and address other important risks and
uncertainties that could cause the Company’s actual events and
results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and, except as
required by law, the Company assumes no obligation and does not
intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise.
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UK, Middle East, Asia, Africa – Ollie Bailey-Pratt, FTI
Consulting US, Canada, South America, Australia – Antonia Gray, FTI
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