Virgin Galactic Appoints Mike Moore as Executive Vice President, Spaceline Technical Operations

Rhea-AI Summary

Virgin Galactic Holdings (NYSE: SPCE) has appointed Mike Moore as Executive Vice President of Spaceline Technical Operations as of August 22. Moore, a veteran with over 28 years in aerospace, will oversee the technical operations team and facilitate the readiness of vehicles for high-frequency commercial flights. His previous experience includes leadership roles at Delta Air Lines, where he was instrumental in major maintenance partnerships. CEO Michael Colglazier highlighted Moore’s expertise in safety and process improvement as crucial for the company’s ambitious expansion plans.

Positive

• Appointment of Mike Moore enhances leadership in technical operations.
• Moore's extensive experience in aerospace can improve operational readiness.
• Focus on preparing for high-frequency commercial flights indicates growth potential.

Negative

• Transition to high-frequency operations may pose challenges in operational scaling.
• Moore's adjustment to a new industry could involve a learning curve.

Aviation veteran to lead the expansion of Technical Operations capabilities in preparation for high frequency flights in commercial service

TUSTIN, Calif.--(BUSINESS WIRE)-- Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the “Company” or “Virgin Galactic”), a vertically integrated aerospace and space travel company, announced today that former Delta Air Lines executive Mike Moore has been appointed Executive Vice President, Spaceline Technical Operations, effective August 22.

Moore will lead Virgin Galactic’s technical operations and maintenance team in charge of ensuring the Company’s vehicles are ready for flight. As part of this new position, he will help design and implement the operational model and technical infrastructure needed to support high cadence spaceflights during commercial service. Moore will report to CEO Michael Colglazier.

“A major part of delivering the Astronaut experience at Virgin Galactic sits with our technical operations team, which ensures our Spaceflight system is fit and ready to fly,” said Colglazier. “I am thrilled that Mike is joining us to lead the expansion of our talented technical operations team at Spaceport America as we develop our capabilities in preparation for commercial service. Mike has more than 28 years of experience overseeing daily aerospace operations, and his expertise and steadfast dedication to safety, quality, and process improvement will be indispensable as we enter this chapter.”

Moore joins the Company following a thirty-seven-year long career within aviation, and a decade-long career at Delta Air Lines, where he led Delta’s TechOps Services Group as Senior Vice President, Maintenance Operations & MRO Services Group. While at Delta, Moore supported the introduction of two major next-generation engine maintenance partnerships with Rolls-Royce and Pratt & Whitney. After beginning his aviation career as an aviation mechanic in the U.S. Air Force, Moore also worked at Northwest Airlines and ran StandardAero completions between TIMCO and TeamSAI.

“Joining the world’s first commercial spaceline during this pivotal period of expansion is an honor,” said Moore. “Virgin Galactic is an industry pioneer with a distinctive product and an exceptionally talented team. Entering high frequency commercial service will see a step-change in their day-to-day technical needs, and I look forward to working with the team to expand, build on their cutting-edge operations and exceed their goals.”

About Virgin Galactic Holdings

Virgin Galactic is an 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 our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220804005452/en/

For media inquiries:



Aleanna Crane – Vice President Communications

virgingalacticpress@virgingalactic.com

575.800.4422



Jeff Michael – Communications Specialist

661.754.4300



For Investor Relations inquiries:

Eric Cerny – Vice President Investor Relations

VG-IR@virgingalactic.com

Source: Virgin Galactic Holdings, Inc.

FAQ

Who is Mike Moore and what is his background?

Mike Moore is the newly appointed Executive Vice President of Spaceline Technical Operations at Virgin Galactic, bringing over 28 years of aerospace experience, including a significant tenure at Delta Air Lines.

What are Mike Moore's responsibilities at Virgin Galactic?

Moore will lead the technical operations team to ensure the company's vehicles are ready for high-frequency commercial flights.

When was Mike Moore appointed at Virgin Galactic?

Mike Moore was appointed on August 22.

What is the significance of this appointment for Virgin Galactic?

Moore's appointment is seen as a crucial step in enhancing operational capabilities as the company prepares for commercial spaceflight.