Virgin Galactic Holdings, Inc. and its wholly owned subsidiary, The Spaceship Company signed a Space Act Agreement with NASA to facilitate the development of high speed technologies.

The Space Act Agreement (SAA), is set to enable and foster collaboration between NASA, Virgin Galactic and The Spaceship Company in order to advance the United States’ efforts to produce technically feasible, high Mach vehicles for potential civil applications. Virgin Galactic believes that it is able to leverage its robust platform of advanced technologies, significant vertically integrated design, engineering and manufacturing capabilities, and thousands of hours of flight testing to develop additional aerospace applications. Together with its industry partners, Virgin Galactic is seeking to develop a vehicle for the next-generation of safe and efficient high speed air travel, with a focus on customer experience and environmental responsibility.

In partnership with NASA, Virgin Galactic believes there are significant opportunities to apply higher speeds to drive technological development to allow industries to adapt to the changing economic and ecological environment. The collaboration will aim to inform the development of national strategies using economic and technical foundations with a focus on sustainability.

Virgin Galactic 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. Using its proprietary and reusable technologies and supported by a distinctive, Virgin-branded customer experience, it is developing a spaceflight system designed to offer customers a unique, multi-day, transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.