The commercial service is still on track to launch in the second quarter of 2023
ORANGE COUNTY, Calif. – (BUSINESS WIRE) –
Virgin Galactic Holdings, Inc. today announced. (NYSE: “the Company” or “Virgin Galactic”), an aerospace and space company, announced its updated leadership structure in support of commercial space line operations, which is on track by the second quarter of 2023. Previously announced by the Company . The organizational changes will support the company’s primary near-term goals of increasing voyage frequency and implementing rapid fleet development plans.
As part of this leadership update, Swami Iyer, President, Space Systems, will be stepping down from his position, effective January 12, 2023. He will continue to serve as an advisor to Michael Colglazier, CEO, until March 3, 2023 to ensure a smooth transition.
“With the completion of our Nation Strengthening Program, our streamlined leadership structure will help move the business forward as we prepare for commercial space line operations,” said Colglazier. “Swami has been instrumental in setting our future production strategy and in leading the work to prepare our initial ships for commercial voyages, and we are extremely grateful for his input. Our experienced leadership team brings deep expertise to the next exciting phase for the company – safely and steadily taking our customers into space and expanding our future fleet.” “.
The leadership team of industry veterans who lead Virgin Galactic’s space operations include:
Mike Moses, Space Line Chief of Missions and Safety
Moses has led flight and mission operations for Virgin Galactic since 2011 following his seventeen-year career at NASA, where he led space shuttle launches until the shuttle retired from service in 2011.
Mike Moore, Executive Vice President, Spaceline Technical Operations
Moore joined Virgin Galactic in 2022 after a long and successful career as Senior Vice President, Technical Operations with Delta Airlines. His team at Virgin Galactic works to ensure that vehicles are built, maintained and sustainable to the highest standards of quality, reliability and efficiency.
Steve Justice, Senior Vice President, Aerospace Programs & 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 to VMS Eve have been completed, and the mother ship is expected to enter ground tests next week before beginning flight tests to validate the ship’s improvements. The commercial service is still on track to start in the second quarter of 2023.
About Virgin Galactic Holdings
Virgin Galactic is an aerospace and travel company that pioneers human spaceflight for individuals and researchers through its advanced air and spacecraft. It is developing a spaceflight system designed to connect the world with the love, wonder and awe of space travel and to deliver a transformative experience for customers. You can find more information at https://www.virgingalactic.com/
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend to cover such forward-looking statements through the safe harbor provisions of forward-looking statements in Section 27A of the Private Securities Litigation Reform Act of 1933 as amended and Section 21E of the The Securities Exchange Act of 1934, as amended. All statements in this press release other than statements of historical fact, including, but not limited to, statements regarding changes to our leadership team, our spaceflight systems, market growth, fleet development plans, and our goals for future operations, are forward-looking statements. the words “believe,” “may,” “will;” “estimate,” “prospect,” “pursue,” “anticipate,” “intend,” “anticipate,” “strategy,” “future,” “can,” “will,” “project,” “plan,” “goal,” and similar expressions aim to Identification of forward-looking statements, although not all forward-looking statements use these words or expressions. These statements are neither promises nor warranties, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by 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 (“ SEC”), accessible through SECswebsite in www.sec.gov and the Investor Relations section of our website at www.virgingalactic.com, This could cause our actual results to differ materially from those indicated in the forward-looking statements in this press release. Any forward-looking statements represent management’s estimates as of the date of this press release. While we may choose to update these forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause us to change our views.
Source: Virgin Galactic Holdings, Inc.