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Virgin Orbit and Luxembourg Minister of Defence Sign Agreement to Advance Allied Responsive Space Capabilities Across Europe & More Trending News

 

An settlement immediately paves means for direct collaboration between the Luxembourg Directorate of Defence and Virgin Orbit on growing responsive area capabilities that will profit NATO and different Allies.

LUXEMBOURG, October 17, 2022–(BUSINESS WIRE)–Virgin Orbit (Nasdaq: VORB) and the Luxembourg Minister of Defence immediately signed a Letter of Intent that can start the method in direction of growing responsive area capabilities inclusive of cell launch infrastructure that will be based mostly in Luxembourg, however accessible for NATO companions, and different Allies throughout the European continent. As half of the settlement, Virgin Orbit, in shut coordination with the Luxembourg Directorate of Defence, will assess how a responsive area functionality might be based mostly in Luxembourg and optimized to be used by NATO and different European allies.

Virgin Orbit Chief Executive Officer Dan Hart and Luxembourg Deputy Prime Minister and Minister of Defence, François Bausch, signed the Letter of Intent for the collaboration at a ceremony in Luxembourg earlier immediately.

“We look forward to working with the Luxembourg Directorate of Defence to explore how Virgin Orbit’s flexible and mobile LauncherOne system can provide end-to-end responsive space missions to strengthen the resiliency of NATO and other Allies,” Dan Hart, Virgin Orbit CEO stated. “As we approach the first historic launch in the United Kingdom and recent announcements to bring air-launch capability to other parts of the world, this initiative in Luxembourg resonates as another significant milestone in our journey to enable resilient space access by providing a game-changing global launch infrastructure.”

In this initiative, Virgin Orbit will develop a plan for the event, supply, mobilization, and sustainment of LauncherOne Ground Support Equipment and different responsive launch infrastructure that will be allotted for Allied use. Through this collaboration, Virgin Orbit and the Directorate of Defence will have interaction with companions concerned with leveraging this functionality and decide the mandatory working constructs and necessities for delivering responsive launch infrastructure to Luxembourg that will permit Allied nations to conduct horizontal launches from a community of energetic and on-call spaceports in Europe.

Minister of Defence François Bausch declared: “Luxembourg Defence is constantly searching for new ways to strengthen its role as a reference partner in the space domain. As highlighted in our Space Strategy, we aim at contributing to the joint effort in defence by developing high-end space capabilities and ensuring access to space through resilient satellite launch capabilities. Our future cooperation with Virgin Orbit is an excellent example of this ambition and we are looking forward to further investigate how we can contribute to the development of the responsive space capability with Allies and partners.”

Virgin Orbit’s LauncherOne versatile launch system gives transportable, cell, speedy and responsive launch companies with the aim of growing a worldwide spaceport community that can provide launch and built-in mission companies around the globe. In addition to launch companies, Virgin Orbit works with companions to present end-to-end area options tailor-made for protection and intelligence clients.

Building upon the Defence Space Strategy launched earlier this yr, the collaboration represents one of many actions by the Luxembourg Directorate of Defence to present resilient SATCOM, Earth Observation, and Space Situational Awareness capabilities, and to foster worldwide cooperation to allow and help the liberty of motion within the area area.

About Virgin Orbit

Virgin Orbit (Nasdaq: VORB) operates one of essentially the most versatile and responsive area launch techniques ever constructed. Founded by Sir Richard Branson in 2017, the corporate started business service in 2021, and has already delivered business, civil, nationwide safety, and worldwide 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 provider plane that enables Virgin Orbit to function from areas everywhere in the world so as to finest serve every buyer’s wants. Learn extra at www.virginorbit.com and go to us on LinkedIn, on Twitter @virginorbit, and on Instagram @virgin.orbit.

Cautionary Statement Regarding Forward-Looking Statements

This press launch comprises sure forward-looking statements inside the that means of the federal securities legal guidelines. These forward-looking statements usually are recognized by the phrases “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and related expressions. Forward-looking statements are predictions, projections and different statements about future occasions which might be based mostly on present expectations and assumptions and, in consequence, are topic to dangers and uncertainties. Many elements might trigger precise future occasions to differ materially from the forward-looking statements on this press launch, together with however not restricted to the power of Virgin Orbit Holdings, Inc. (the “Company”) to entry sources of capital; its capacity to develop market share within the growing area financial system; market acceptance of its present and deliberate merchandise and companies and capacity to obtain adequate manufacturing volumes, in addition to the elements, dangers and uncertainties included within the Company’s Quarterly Report on Form 10-Q for the interval ended June 30, 2022, in addition to within the Company’s subsequent filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s web site at www.sec.gov and the Investor Information part of the Company’s web site at www.virginorbit.com. Forward-looking statements communicate solely as of the date they’re made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and doesn’t intend to replace or revise these forward-looking statements, whether or not in consequence of new data, future occasions, or in any other case. The Company offers no assurance that it’ll obtain its expectations.

View supply model on businesswire.com: https://www.businesswire.com/news/home/20221017005946/en/

Contacts

Alison Patch, Senior Director of Communications
+1-949-616-2504
[email protected]

Amanda Horn, 4media
+1-775-636-2567
[email protected]

Michael SCHUSTER
Press Secretary of the Minister of Defence
E-mail: [email protected]
Tel.: (+352) 247-82860
Mobile: (+352) 621 407 920

Virgin Orbit and Luxembourg Minister of Defence Sign Agreement to Advance Allied Responsive Space Capabilities Across Europe

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Virgin Orbit and Luxembourg Minister of Defence Sign Agreement to Advance Allied Responsive Space Capabilities Across Europe

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Virgin Orbit and Luxembourg Minister of Defence Sign Agreement to Advance Allied Responsive Space Capabilities Across Europe

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