Virgin Galactic Provides Update on Unity 23 Test Flight
September 10 2021 - 5:00PM
Business Wire
Virgin Galactic Holdings, Inc. (NYSE:SPCE) (the “Company” or
“Virgin Galactic”), a vertically integrated aerospace and space
travel company, today announced an update regarding the timing of
its next test flight “Unity 23” with the Italian Air Force.
During preparation for the Unity 23 test flight, a third-party
supplier recently flagged a potential manufacturing defect in a
component of the flight control actuation system that they supply
to Virgin Galactic. At this point, it is not yet known whether the
defect is present in the Company’s vehicles and what, if any,
repair work may be needed. Out of an abundance of caution, and in
line with Virgin Galactic’s established safety procedures, the
Company is in the process of conducting inspections in partnership
with the vendor.
This issue is unrelated to the Unity 22 flight or the current
FAA matter, which is focused on air traffic control clearance and
communications.
As a result, and pending resolution of the FAA matter, the
earliest the Company expects to open its flight window for Unity 23
is mid October. A further update and specific flight window will be
shared once the inspection is complete, in coordination with the
Italian Air Force.
Michael Colglazier, Chief Executive Officer of Virgin Galactic,
said: “We have a robust pre-flight readiness approach that is
rooted in our thorough, proactive and safety-first 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 look
forward to taking to the skies again soon.”
You can download all press materials including images and
broll from the Virgin Galactic Press Assets.
About Virgin Galactic Holdings
Virgin Galactic Holdings, Inc. is a vertically integrated
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/
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of federal securities laws with respect to
Virgin Galactic Holdings, Inc. (the "Company"), including
statements regarding the Company’s spaceflight systems, markets and
expected flight schedule. These forward-looking statements
generally are identified by words such as “believe,” “project,”
“expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” 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
factors, risks and uncertainties included in Amendment No. 2 to our
Annual Report on Form 10-K for the fiscal year ended December 31,
2020, as such factors may be updated from time to time in our other
filings with the Securities and Exchange Commission (the "SEC"),
accessible on the SEC’s website at www.sec.gov and the Investor
Relations section of our website at www.virgingalactic.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, except as
required by law, the Company 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210910005552/en/
For media inquiries: Aleanna Crane - Vice President
Communications Virgingalacticpress@virgingalactic.com +1 575 800
4422
For Investor Relations inquiries: Seth Zaslow - Vice
President Investor Relations seth.zaslow@virgingalactic.com +1 714
732 4780
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