LAS CRUCES, New Mexico – (COMMERCIAL THREAD) – Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the “Company” or “Virgin Galactic”), a vertically integrated aerospace and space travel company, today announced a schedule update of his next “Unity 23” test flight with the Italian Air Force.
While preparing for the Unity 23 test flight, a third-party supplier recently reported a potential manufacturing defect in a component of the flight control actuation system it supplies to Virgin Galactic. At this point, it is not yet clear whether the defect is present in the Company’s vehicles and what repair work, if any, might be required. As a precaution and in accordance with Virgin Galactic’s established safety procedures, the Company is conducting inspections in partnership with the supplier.
This issue is not related to Unity Flight 22 or the current FAA case, which focuses on air traffic control clearance and communications.
As a result, and pending resolution of the FAA case, the company plans to open its flight window for Unity 23 no earlier than mid-October. A new update and a specific flight window will be shared once the inspection is complete, in coordination with the Italian Air Force.
Michael Colglazier, CEO of Virgin Galactic, said: “We have a strong approach to flight preparation that is rooted in our deep, proactive and safety-focused culture. There is nothing more important to us than the integrity of our vehicles. Our test flight processes and procedures are rigorous and structured to identify and resolve these types of issues. We can’t wait to get back to the skies soon. ”
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About Virgin Galactic Holdings
Virgin Galactic Holdings, Inc. is a vertically integrated aerospace and space travel company pioneering human spaceflight for individuals and researchers with its advanced air and space vehicles. She is developing a space flight system designed to connect the world to the wonder and wonder created by space travel and to provide customers with a transformative experience. You can find more information on https://www.virgingalactic.com/
This press release contains certain forward-looking statements within the meaning of federal securities laws regarding Virgin Galactic Holdings, Inc. (the “Company”), including statements regarding the Company’s space flight systems, markets and program. planned flight. These forward-looking statements are generally identified by words such as “believe”, “plan”, “expect”, “anticipate”, “estimate”, “intend”, “the strategy”, “the future” , “The advisability”, “the plan,” “may”, “should”, “will”, “would”, and similar expressions. Forward-looking statements are predictions, projections and other statements regarding events future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties.Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release, including , but not limited to, the factors, risks and uncertainties included in Amendment 2 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as these factors may be put updated from time to time in our others documents filed with the Securities and Exchange Commission (the “SEC”), available on the SEC’s website at www.sec.gov and the Investor Relations section of our website at www.virgingalactic.com. These documents identify and address other important risks and uncertainties that could cause actual events and results of the Company to differ materially from those contained in forward-looking statements. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place 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 such forward-looking statements, that whether as a result of new information, events, or whatever.