Virgin Galactic Evolves Aerospace Leadership Structure in Preparation for Commercial Spaceline Operations
12 Janeiro 2023 - 6:05PM
Business Wire
Commercial Service Remains on Track to Launch
in Q2 2023
Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the "Company" or
"Virgin Galactic"), an aerospace and space travel company, today
announced its updated leadership structure to support commercial
spaceline operations, which are on track for Q2 2023 as previously
announced by the Company. The organizational changes will support
the Company's core near-term objectives of delivering increased
flight frequency and executing on rapid fleet development
plans.
As part of this leadership update, Swami Iyer, President,
Aerospace Systems, will be departing from his position, effective
January 12, 2023. He will continue to serve as an advisor to
Michael Colglazier, CEO of the Company, until March 3, 2023 to
ensure a smooth transition.
"With the completion of the enhancement program for our
mothership at hand, our streamlined leadership structure will help
propel the business forward as we prepare for commercial spaceline
operations," said Colglazier. "Swami has been instrumental in
establishing our future production strategy and in leading the work
to prepare our initial ships for commercial flight, and we are
incredibly grateful for his contribution. Our experienced
leadership team brings deep expertise to the next exciting phase
for the Company – flying our customers safely and regularly to
space and expanding our future fleet."
The leadership team of industry veterans leading Virgin
Galactic's spaceline operations includes:
- Mike Moses, President, Spaceline Missions and Safety
Moses has led flight and mission operations at Virgin Galactic
since 2011 following his seventeen-year career at NASA, where he
led space shuttle launch operations until the shuttle retired from
service in 2011.
- Mike Moore, Executive Vice President, Spaceline Technical
Operations Moore joined Virgin Galactic in 2022 following a
long and successful career as SVP, Technical Operations with Delta
Airlines. His team at Virgin Galactic works to ensure vehicles are
manufactured, maintained, and sustained to the highest standards of
quality, reliability, and efficiency.
- Steve Justice, Senior Vice President, Spaceline Programs and
Engineering Justice – a 39-year veteran of Lockheed Martin and
a "legend" in its Skunk Works division – leads the design,
engineering, and program management of Virgin Galactic's
spaceflight system and future fleet development.
Planned upgrades of VMS Eve are complete, and the mothership is
expected to enter ground tests next week before commencing flight
tests to verify the enhancements to the ship. Commercial service
remains on track to begin in Q2 2023.
About Virgin Galactic Holdings
Virgin Galactic is an aerospace and space travel company,
pioneering human spaceflight for private individuals and
researchers with its advanced air and space vehicles. It is
developing a spaceflight system designed to connect the world to
the love, wonder and awe created by space travel and to offer
customers a transformative experience. You can find more
information at https://www.virgingalactic.com/
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by
the safe harbor provisions for forward-looking statements contained
in Section 27A of the Securities Act of 1933, as amended and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements contained in this press release other than statements of
historical fact, including, without limitation, statements
regarding changes to our leadership team, our spaceflight systems,
our market growth, fleet development plans, and our objectives for
future operations, are forwardlooking statements. The words
"believe," "may," "will;" "estimate," "potential," "continue,"
"anticipate," "intend," "expect," "strategy," "future," "could,"
"would," "project," "plan," "target," and similar expressions are
intended to identify forward-looking statements, though not all
forwardlooking statements use these words or expressions. These
statements are neither promises nor guarantees, but involve known
and unknown risks, uncertainties and other important factors that
may cause our actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements, including but not limited to the factors, risks and
uncertainties included in our Annual Report on Form 10- K for the
fiscal year ended December 31, 2021, as such factors may be updated
from time to time in our other filings with the U.S. Securities and
Exchange Commission (the "SEC"), accessible on the SECs website at
www.sec.gov and the Investor Relations section of our website at
www.virgingalactic.com, which could cause our actual results to
differ materially from those indicated by the forward-looking
statements made in this press release. Any such forward-looking
statements represent management's estimates as of the date of this
press release. While we may elect to update such forward-looking
statements at some point in the future, we disclaim any obligation
to do so, even if subsequent events cause our views to change.
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version on businesswire.com: https://www.businesswire.com/news/home/20230112005831/en/
For media inquiries: Aleanna Crane - Vice President,
Communications Virgingalacticpress@virgingalactic.com 575-800-4422
For investor inquiries: Eric Cerny - Vice President,
Investor Relations vg-ir@virgingalactic.com 949-774-7637
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