Aabar Investments

Virgin Galactic Announces Aerospace Systems and Engineering Leadership Appointments

Retrieved on: 
Thursday, February 25, 2021

Virgin Galactic Holdings, Inc. (NYSE: SPCE), a vertically integrated aerospace and space travel company, today announced the appointments of Swami Iyer as its President of Aerospace Systems and Stephen Justice as its Vice President of Engineering.

Key Points: 
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE), a vertically integrated aerospace and space travel company, today announced the appointments of Swami Iyer as its President of Aerospace Systems and Stephen Justice as its Vice President of Engineering.
  • Prior to his appointment at Virgin Galactic, Iyer was President of GKN Advanced Defense Systems.
  • Commenting on the new appointments, Michael Colglazier, Chief Executive Officer, Virgin Galactic, said:
    Im delighted that Swami and Stephen are joining Virgin Galactic to accelerate development and expansion of our Spaceflight System, and to guide future opportunities.
  • I have a deep admiration for the profound knowledge and unique aerospace capabilities at Virgin Galactic.

Virgin Galactic Appoints Seth Zaslow as Vice President of Investor Relations

Retrieved on: 
Tuesday, February 9, 2021

Virgin Galactic Holdings, Inc. (NYSE: SPCE), a vertically integrated aerospace and space travel company, today announced the appointment of Seth Zaslow as Virgin Galactics Vice President of Investor Relations.

Key Points: 
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE), a vertically integrated aerospace and space travel company, today announced the appointment of Seth Zaslow as Virgin Galactics Vice President of Investor Relations.
  • He will serve as the primary liaison between Virgin Galactic and the investment community overseeing all aspects of investor relations policies and initiatives.
  • Seth has over 25 years experience in various investor relations and finance roles.
  • Seth Zaslow, Vice President of Investor Relations, Virgin Galactic, commented:
    Im delighted to be joining the Virgin Galactic team at this exciting time.

Orbit Communication System's Tracking Antenna Performs Flawlessly During Initial Mission of Virgin Orbit's LauncherOne Rocket

Retrieved on: 
Wednesday, September 2, 2020

DEERFIELD BEACH, Fla., Sept. 2, 2020 /PRNewswire/ -- Orbit Communication Systems Inc., the U.S. subsidiary of Orbit Communication Systems Ltd. (TASE: ORBI), a leading provider ofprecision tracking-based communications solutions, announced today thatOrbit's Tracking and Telemetry Antenna Solution successfully supported and met all performance expectations during Virgin Orbit's initial LauncherOne rocket launch.

Key Points: 
  • DEERFIELD BEACH, Fla., Sept. 2, 2020 /PRNewswire/ -- Orbit Communication Systems Inc., the U.S. subsidiary of Orbit Communication Systems Ltd. (TASE: ORBI), a leading provider ofprecision tracking-based communications solutions, announced today thatOrbit's Tracking and Telemetry Antenna Solution successfully supported and met all performance expectations during Virgin Orbit's initial LauncherOne rocket launch.
  • Virgin Orbit's LauncherOne mission is to open space for everyone, by employing a Boeing 747 carrier for launching a rocket into orbit, thus enabling cost effective and increased availability of launching of small payloads into orbit.
  • Key advantages include:
    Orbit Communication Systems Ltd., a leading global provider of airborne communications and satellite-tracking maritime and ground-station solutions,is helping to expand and redefine how we connect.
  • You'll find Orbit systems on airliners and jet fighters, cruise ships and navy vessels, ground stations and offshore platforms.

Virgin Galactic Appoints Diane Prins Sheldahl as Executive Vice President of People and Organization

Retrieved on: 
Wednesday, February 26, 2020

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (VG or the Company), a vertically integrated aerospace company, is pleased to announce the appointment of Diane Prins Sheldahl as VGs Executive Vice President of People and Organization.

Key Points: 
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE) (VG or the Company), a vertically integrated aerospace company, is pleased to announce the appointment of Diane Prins Sheldahl as VGs Executive Vice President of People and Organization.
  • Diane will be responsible for leading the Companys people organization for both VG and The Spaceship Company (TSC).
  • Commenting on the new appointment, George Whitesides, Chief Executive Officer of Virgin Galactic, said:
    Im delighted to have Diane join our team.
  • Diane Prins Sheldahl, Executive Vice President of People and Organization, Virgin Galactic, commented:
    I am excited to be a part of the Virgin Galactic team.

Virgin Galactic Invites Aspiring Astronauts to Take “One Small Step” as Company Experiences Rocketing Global Demand

Retrieved on: 
Tuesday, February 25, 2020

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (Virgin Galactic or the Company), a vertically integrated aerospace company, announced today that in preparation for the re-opening of spaceflight sales, it is introducing the One Small Step initiative.

Key Points: 
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE) (Virgin Galactic or the Company), a vertically integrated aerospace company, announced today that in preparation for the re-opening of spaceflight sales, it is introducing the One Small Step initiative.
  • The company formally closed its doors to new ticket sales after its history-making first space flight in December 2018.
  • In addition to more than 600 firm reservations it has already taken from Future Astronaut customers from 60 countries, Virgin Galactic has received a consistently high level of interest from aspiring astronauts.
  • In light of continuing, strong progress towards commercial service, Virgin Galactic is now preparing to release its next tranche of seats for sale to the general public.

Virgin Galactic Announces Fourth Quarter and Full Year 2019 Financial Results

Retrieved on: 
Tuesday, February 25, 2020

Virgin Galactic will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today.

Key Points: 
  • Virgin Galactic will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today.
  • The live audio webcast along with supplemental information will be accessible on the Companys Investor Relations website at investors.virgingalactic.com .
  • Virgin Galactic Holdings, Inc. is a vertically integrated aerospace company, pioneering human spaceflight for private individuals and researchers, as well as a manufacturer of advanced air and space vehicles.
  • A reconciliation of Adjusted EBITDA to net loss for the three months and years ended December 31, 2019 and 2018, respectively, are set forth below:

Enrico Palermo Appointed Virgin Galactic’s Chief Operating Officer

Retrieved on: 
Wednesday, January 15, 2020

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (VG or the Company), a vertically integrated aerospace company, is pleased to announce the appointment of Enrico Palermo as Chief Operating Officer (COO), effective immediately.

Key Points: 
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE) (VG or the Company), a vertically integrated aerospace company, is pleased to announce the appointment of Enrico Palermo as Chief Operating Officer (COO), effective immediately.
  • Commenting on the new appointment, George Whitesides, Chief Executive Officer of Virgin Galactic, said:
    Enrico is perfectly suited to become our first Chief Operating Officer.
  • Over the years, Enrico has shown dedication to Virgin Galactics mission and has been an inseparable part of our success.
  • Enrico Palermo, Chief Operating Officer of Virgin Galactic, commented:
    I am honored to accept this new role and continue to serve our amazing team.

Virgin Galactic Announces Date of Fourth Quarter and Full Year 2019 Financial Results and Conference Call

Retrieved on: 
Monday, January 13, 2020

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (VG or the Company), a vertically integrated aerospace company, today announced that it will report its financial results for the fourth quarter and full year 2019 following the close of the U.S. markets on Tuesday, February 25, 2020.

Key Points: 
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE) (VG or the Company), a vertically integrated aerospace company, today announced that it will report its financial results for the fourth quarter and full year 2019 following the close of the U.S. markets on Tuesday, February 25, 2020.
  • VG will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
  • Virgin Galactic Holdings, Inc. is a vertically-integrated aerospace company pioneering human spaceflight for private individuals and researchers.
  • It believes the commercial exploration of space represents one of the most exciting and significant technology initiatives of our time.

Virgin Galactic Announces Participation in Upcoming Conferences

Retrieved on: 
Thursday, November 21, 2019

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (VG or the Company), a vertically integrated aerospace company, today announced that it will be participating in two upcoming investor conferences.

Key Points: 
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE) (VG or the Company), a vertically integrated aerospace company, today announced that it will be participating in two upcoming investor conferences.
  • George Whitesides, Virgin Galactics Chief Executive Officer, will present at the Credit Suisse 7th Annual Industrials Conference on Wednesday, December 4, 2019 at 2:00pm ET, in Palm Beach, Florida.
  • Virgin Galactic Holdings, Inc. is a vertically-integrated aerospace company pioneering human spaceflight for private individuals and researchers.
  • It believes the commercial exploration of space represents one of the most exciting and significant technology initiatives of our time.

Boeing Invests in Human Spaceflight Pioneer Virgin Galactic

Retrieved on: 
Tuesday, October 8, 2019

NEW YORK, Oct. 8, 2019 /PRNewswire/ -- Boeing [NYSE: BA] is investing $20 million in Virgin Galactic, a vertically integrated human spaceflight company.

Key Points: 
  • NEW YORK, Oct. 8, 2019 /PRNewswire/ -- Boeing [NYSE: BA] is investing $20 million in Virgin Galactic, a vertically integrated human spaceflight company.
  • To date, Virgin Galactic has invested $1 billion of capital to build reusable human spaceflight systems designed to enable significantly more people to experience and utilize space.
  • Virgin Galactic and The Spaceship Company form a vertically-integrated aerospace company pioneering human spaceflight for private individuals and researchers.
  • This press release contains certain forward-looking statements within the meaning of federal securities laws, including with respect to the proposed investment in Virgin Galactic by Boeing and the proposed transaction between Virgin Galactic and SCH.