MESA, Arizona–(BUSINESS WIRE)–Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the “Company” or “Virgin Galactic”), an aerospace and space travel company, today announced that it has signed a long-term lease for a new final assembly manufacturing facility for its next-generation Delta-class spacecraft. Located in Mesa, Greater Phoenix area adjacent to Phoenix-Mesa Gateway Airport, the facility will be capable of producing up to six spacecraft per year and will provide hundreds of highly skilled engineering jobs. and aerospace manufacturing in the region.
The Delta-class spacecraft is Virgin Galactic’s production vehicle that is designed to fly weekly, supporting the company’s goal of 400 flights per year from Spaceport America. Based on current schedules, the first of these ships is expected to begin revenue-generating payload flights in late 2025, transitioning to private astronaut flights in 2026.
The Company is currently selecting various vendors to build the main spacecraft subassemblies, which will be delivered to the new Mesa facility for final assembly. Virgin Galactic motherships will transport completed spacecraft to Spaceport America, New Mexico, for flight testing and commercial operation.
“Our spacecraft final assembly plant is critical to ramping up production for our Delta fleet, enabling a rapid increase in flight capacity that will drive our revenue growth,” said Michael Colglazier, CEO of Virgin Galactic. “We are excited to expand into the greater Phoenix area, home to exceptional 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 the end of 2023. The facility’s final assembly manufacturing processes will be supported by a digital twin architecture that enables seamless integration between the company and suppliers enabling real-time collaboration, strong governance, and increased production efficiency and reliability.
Swami Iyer, President of Aerospace Systems, Virgin Galactic, said, “Arizona is a growing hub of innovation, geographically located between our existing operations in Southern California and New Mexico. This will allow us to accelerate progress from conceptual design to production to full-scale final assembly as we capitalize on the many advantages Mesa and the Greater Phoenix area offer.
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About Virgin Galactic Holdings
Virgin Galactic Holdings, Inc. is an aerospace and space travel company, pioneering human spaceflight for individuals and researchers with its advanced air and space vehicles. He is developing a spaceflight system designed to connect the world to the wonder and awe created by space travel and to provide customers with a transformative experience. You can find more information at 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 spaceflight systems, markets and expected flight schedule of the society. These forward-looking statements are generally 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, 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, factors , risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as these factors may be updated from time to time in our other filings with the Securities and Exchange Commission ( the “SEC”), available on the SEC’s website at www.sec.gov and in the Investor Relations section of our website at www.virgingalactic.com. The 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 place undue reliance on forward-looking statements and, except as required by law, the Company undertakes no obligation and does not intend to update or revise such forward-looking statements, whether whether as a result of new information, future events or otherwise.