Virgin Galactic announces deal with Boeing subsidiary to build additional aircraft 'motherships' - 07 iulie 2022
Space tourism company Virgin Galactic (US.SPCE) on Wednesday announced a deal with Boeing (US.BA) subsidiary Aurora Flight Sciences to build two additional carrier aircraft to support its coming spacecraft fleet.
Virgin Galactic currently has one carrier aircraft, or “mothership,” called VMS Eve that is about 14 years old and is undergoing a lengthy refurbishment. The jet-powered mothership plays a key role in Virgin Galactic’s flights by carrying the company’s spacecraft up to about 50,000 feet altitude to launch.
Like that of other development-stage space companies, Virgin Galactic’s stock has been hit hard in 2022, with its shares down more than 50% year to date.