Virgin Orbit Announces Renaming of Its National Security Arm and Introduction of New Board Members
April 21 2022 - 4:05PM
Business Wire
Virgin Orbit (Nasdaq: VORB), a leading satellite launch
provider, announced today the renaming of its national security
arm. Formerly “VOX Space,” Virgin Orbit’s U.S.-based, wholly owned
subsidiary engaged with national security organizations in the U.S.
and its allies will now do so under the name “Virgin Orbit National
Systems.”
Since its founding in 2017, the Virgin Orbit National Systems
team has developed and provided services to the national security
and intelligence communities, focused on defense and the protection
of the United States and its allies through Virgin Orbit’s
responsive space capabilities. To date, Virgin Orbit has launched
ten national security payloads across its three successful flights.
Each of those launches have been contracted through its Virgin
Orbit National Systems subsidiary.
In addition, Virgin Orbit National Systems announced it has
welcomed a new member to its board of directors: Major General
Craig R. Cooning, (USAF, Ret.). General Cooning is a Former
President of Boeing’s Space and Network Systems, an $ 8.5B annual
revenue business of 10,000 plus employees and customers worldwide
providing space exploration, satellites, missile defense,
autonomous vehicles and cyber defense. He also served as Chairman
of the Board of United Launch Alliance, a joint venture owned by
Lockheed Martin and Boeing.
Virgin Orbit CEO Dan Hart remarked, “We’ve built Virgin
Orbit National Systems as a team of deep experts to support the
unique requirements of this critical set of mission partners. As
the name makes clear, Virgin Orbit National Systems is very much
part of our Virgin Orbit family, with all the tools, processes, and
expertise to get the job done efficiently and effectively. We see
our work serving the national security community as an important
part of both our business and our purpose.”
Virgin Orbit National Systems President Brigadier General
Mark Baird (USAF Ret.) added, “By bringing the brand under
which we serve our national security customers into even closer
alignment with the rest of Virgin Orbit’s established market
presence, we show our laser focus on supporting the readiness of
our national security space mission partners. I am delighted to
welcome our new board member, General Craig Cooning, to our Virgin
Orbit National Systems board, where he will join General Susan
Mashiko. Our team is committed to meeting the evolving mission
requirements of the national security community.”
About Virgin Orbit
Virgin Orbit (Nasdaq: VORB) operates one of the most flexible
and responsive space launch systems ever built. Founded by Sir
Richard Branson in 2017, the company began commercial service in
2021, and has already delivered commercial, civil, national
security, and international satellites into orbit. Virgin Orbit’s
LauncherOne rockets are designed and manufactured in Long Beach,
California, and are air-launched from a modified 747-400 carrier
aircraft that allows Virgin Orbit to operate from locations all
over the world in order to best serve each customer’s needs. Learn
more at www.virginorbit.com and visit us on LinkedIn, on Twitter
@virginorbit, and on Instagram @virgin.orbit.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to the Company’s ability to access sources of capital; its
ability to grow market share in the developing space economy;
market acceptance of its current and planned products and services
and ability to achieve sufficient production volumes, as well as
the factors, risks and uncertainties included in the Company’s
Annual Report on Form 10-K filed on March 31, 2022, as well as in
the Company’s subsequent filings with the Securities and Exchange
Commission (the "SEC"), accessible on the SEC’s website at
www.sec.gov and the Investor Information section of the Company’s
website at www.virginorbit.com. These filings identify and address
other important risks and uncertainties that could cause the
Company’s actual events and results to differ materially from those
contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and Virgin Orbit assumes no obligation and does not intend to
update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise. Virgin
Orbit gives no assurance that it will achieve its expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20220421005929/en/
INQUIRIES: Investor Relations, Virgin Orbit:
investors@virginorbit.com Media, Virgin Orbit: Alison Patch, Senior
Director of Communications press@virginorbit.com 949-616-2504
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