Capacity to Produce Up to Six Spaceships Per Year, Significantly Increasing Flight Frequency Will Bring Hundreds of New Highly Skilled Jobs to Greater Phoenix Area

MESA, Ariz. – July 14, 2022 – Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the “Company” or “Virgin Galactic”), an aerospace and space travel company, today announced it has signed a long-term lease for a new final assembly manufacturing facility for its next-generation Delta class spaceships. Located in Mesa, Greater Phoenix area, adjacent to the Phoenix-Mesa Gateway Airport, the facility will be capable of producing up to six spaceships per year and will bring hundreds of highly skilled aerospace engineering and manufacturing jobs to the area.

The Delta class spaceship is Virgin Galactic’s production vehicle that is designed to fly weekly, supporting the Company’s target of 400 flights per year from Spaceport America. Based on current schedules, the first of these ships is expected to commence revenue-generating payload flights in late 2025, progressing to private astronaut flights in 2026.

The Company is currently selecting various suppliers to build the spaceship’s major subassemblies, which will be delivered to the new Mesa facility for final assembly. Virgin Galactic motherships will ferry completed spaceships to Spaceport America, New Mexico for flight test and commercial operation.

“Our spaceship final assembly factory is key to accelerating the production of our Delta fleet, enabling a rapid increase in flight capacity that will drive our revenue growth.” said Virgin Galactic CEO Michael Colglazier. “We’re thrilled to expand into the greater Phoenix area which is home to outstanding aerospace talent – and we look forward to growing our team and fleet at our new facility.”

The facility is already under construction and is expected to be fully operational by late 2023. Final assembly manufacturing processes at the facility will be underpinned by a digital twin architecture which enables seamless integration between the Company and suppliers allowing for real-time collaboration, strong governance, and an increase in production efficiency and reliability.

Swami Iyer, Virgin Galactic’s President of Aerospace Systems said, “Arizona is a growing innovation hub, geographically situated between our existing operations in Southern California and New Mexico. This will allow us to accelerate progress from conceptual design to production to final assembly at scale as we capitalize on the many advantages Mesa and the greater Phoenix area offer.”

About Virgin Galactic Holdings Virgin Galactic Holdings, Inc. 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 wonder and awe created by space travel and to offer customers a transformative experience. You can find more information at https://www.virgingalactic.com/

Source: Virgin Galactic

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