Virgin Galactic Unveils Mach three Plane Design for Excessive Pace Journey, and Indicators Memorandum of Understanding with Rolls-Royce – Watertown Public Opinion

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LAS CRUCES, N.M.–(BUSINESS WIRE)–Aug three, 2020–

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic”), a vertically built-in aerospace and area journey firm, which incorporates its producer of superior air and area autos, The Spaceship Firm (“TSC”), introduced right now the primary stage design scope for the construct of its excessive pace plane design, and the signing of a non-binding Memorandum of Understanding (MOU) with Rolls-Royce to collaborate in designing and growing engine propulsion know-how for prime pace business plane. This follows the profitable completion of its Mission Idea Evaluation (“MCR”) program milestone and authorization from the Federal Aviation Administration’s (“FAA”) Middle for Rising Ideas and Innovation to work with Virgin Galactic to stipulate a certification framework. This marks an thrilling step ahead in Virgin Galactic’s improvement of a brand new era of excessive pace plane, in partnership with trade and authorities leaders, with a give attention to buyer expertise and environmental sustainability.

Rolls-Royce is a pacesetter within the cutting-edge applied sciences that ship clear, protected and aggressive options to the planet’s important energy wants. Rolls-Royce has a confirmed document of delivering excessive Mach propulsion, powering the one civil-certified business plane (Concorde) able to supersonic flight.

George Whitesides, Chief Area Officer, Virgin Galactic stated, “We’re excited to finish the Mission Idea Evaluation and unveil this preliminary design idea of a excessive pace plane, which we envision as mixing protected and dependable business journey with an unrivalled buyer expertise. We’re happy to collaborate with the progressive crew at Rolls-Royce as we try to develop sustainable, cutting-edge propulsion techniques for the plane, and we’re happy to be working with the FAA to make sure our designs could make a sensible impression from the beginning. Now we have made nice progress to this point, and we look ahead to opening up a brand new frontier in excessive pace journey.”

“We’re excited to associate with Virgin Galactic and TSC to discover the way forward for sustainable excessive pace flight,” stated Rolls-Royce North America Chairman & CEO Tom Bell. “Rolls-Royce brings a singular historical past in excessive pace propulsion, going again to the Concorde, and affords world-class technical capabilities to develop and subject the superior propulsion techniques wanted to energy commercially obtainable high-Mach journey.”

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The Mission Idea Evaluation, which included representatives from NASA, is a crucial program milestone at which the Virgin Galactic excessive pace crew confirmed that, primarily based on the analysis and evaluation work accomplished, its design idea can meet the high-level necessities and goals of the mission. Beforehand, NASA signed a Area Act Settlement with Virgin Galactic to collaborate on excessive pace applied sciences.

The fundamental parameters of the preliminary excessive pace plane design embody a focused Mach three licensed delta-wing plane that might have capability for 9 to 19 individuals at an altitude above 60,000 ft and would additionally have the ability to incorporate customized cabin layouts to handle buyer wants, together with Enterprise or First Class seating preparations. The plane design additionally goals to assist paved the way towards use of state-of-the-art sustainable aviation gas. Baselining sustainable applied sciences and strategies into the plane design early on is predicted to additionally act as a catalyst to adoption in the remainder of the aviation neighborhood.

The MCR concluded that the crew can progress to the subsequent section of design, consisting of defining particular system architectures and configurations, and figuring out which supplies to make use of within the design and manufacturing of the plane. The crew can even work to handle key challenges in thermal administration, upkeep, noise, emissions, and economics that routine excessive pace business flights would entail.

The design philosophy of the plane is geared round making excessive pace journey sensible, sustainable, protected, and dependable, whereas making buyer expertise a high precedence. Virgin Galactic is designing the plane for a spread of operational situations, together with service for passengers on long-distance business aviation routes. The plane would take off and land like some other passenger plane and be anticipated to combine into present airport infrastructure and worldwide airspace around the globe.

Virgin Galactic is working intently with worldwide regulatory communities to make sure compliance with security and environmental requirements. Final week the FAA’s Middle for Rising Ideas and Innovation reviewed the venture path and licensed FAA assets to work with the Virgin Galactic crew to start to stipulate a certification framework in the course of the pre-project steering section. Virgin Galactic believes that working along with regulators and trade leaders corresponding to Rolls Royce and Boeing will help the mission to broaden and remodel international journey applied sciences, with a give attention to buyer expertise.

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About Virgin Galactic

Virgin Galactic is a vertically-integrated aerospace and area journey firm, pioneering human spaceflight for personal people and researchers, in addition to a producer of superior air and area autos. Utilizing its proprietary and reusable applied sciences and supported by a particular, Virgin-branded buyer expertise, it’s growing a spaceflight system designed to supply prospects a singular, multi-day, transformative expertise. This culminates in a spaceflight that features views of Earth from area and several other minutes of weightlessness that may launch from Spaceport America, New Mexico. Virgin Galactic and The Spaceship Firm imagine that one of the thrilling and important alternatives of our time lies within the business exploration of area and the event of know-how that may change the best way we journey throughout the globe sooner or later. Collectively we’re opening entry to area to alter the world for good.

Ahead-Trying Statements

This press launch incorporates sure forward-looking statements inside the which means of federal securities legal guidelines with respect to Virgin Galactic Holdings, Inc. (the “Firm”), together with statements concerning the Firm’s design and improvement of economic plane for high-speed journey. These forward-looking statements typically are recognized by phrases corresponding to “imagine,” “venture,” “count on,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “plan,” “might,” “ought to,” “will,” “would,” and comparable expressions. Ahead trying statements are predictions, projections and different statements about future occasions which might be primarily based on present expectations and assumptions and, consequently, are topic to dangers and uncertainties. Many elements may trigger precise future occasions to vary materially from the forward-looking statements on this presentation, together with however not restricted to the elements, dangers and uncertainties concerning the Firm’s enterprise described within the paperwork filed by the Firm every so often with the Securities and Change Fee (the “SEC”). These filings establish and handle different essential dangers and uncertainties that might trigger the Firm’s precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Ahead-looking statements communicate solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and, besides as required by legislation, the Firm assumes no obligation and doesn’t intend to replace or revise these forward-looking statements, whether or not on account of new info, future occasions, or in any other case.

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About Rolls-Royce Holdings plc

1. Rolls-Royce pioneers cutting-edge applied sciences that ship clear, protected and aggressive options to fulfill our planet’s important energy wants.

2. Rolls-Royce goals to develop into internet zero carbon in its operations by 2030 and, extra basically, set an ambition to play a number one position in enabling the sectors wherein we function to achieve internet zero carbon by 2050 via the event of recent merchandise and applied sciences.

three. Rolls-Royce has prospects in additional than 150 nations, comprising greater than 400 airways and leasing prospects, 160 armed forces, 70 navies, and greater than 5,000 energy and nuclear prospects.

four. In 2019, Rolls-Royce invested $1.81 billion on analysis and improvement. We additionally help a worldwide community of 29 College Know-how Facilities – together with Purdue College, Virginia Tech and the College of Virginia within the U.S. – which place Rolls-Royce engineers on the forefront of scientific analysis.

View supply model on businesswire.com:https://www.businesswire.com/information/residence/20200803005211/en/

CONTACT: For media inquiries please contact:

VirginGalacticPress@virgingalactic.com

UK, Center East, Asia, Africa – Ollie Bailey-Pratt, FTI Consulting

US, Canada, South America, Australia – Antonia Grey, FTI Consulting

VirginGalacticFin@fticonsulting.com/VirginGalacticcorp@fticonsulting.comFor Investor Relations inquiries please contact:

VirginGalactic-SVC@SARDVERB.comFor Rolls-Royce media inquiries please contact:

Don Campbell, Director of Communications

Rolls-Royce North America

Electronic mail:Donald.Campbell@rolls-royce.com

Cellular: (703) 689-1525

KEYWORD: NEW MEXICO UNITED STATES NORTH AMERICA CANADA

INDUSTRY KEYWORD: ENGINEERING AEROSPACE MANUFACTURING

SOURCE: Virgin Galactic Holdings, Inc.

Copyright Enterprise Wire 2020.

PUB: 08/03/2020 06:45 AM/DISC: 08/03/2020 06:45 AM

http://www.businesswire.com/information/residence/20200803005211/en

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