Reported Earlier, Virgin Galactic Begins Operations At Delta Spaceship Ground Testing Facility; Ground-Based Test Facility, Which Houses A Testing Platform Known As An "Iron Bird," Has Begun Tests Of Initial Subsystems And Will Add Components Over The Course Of The Year To Increase Its Scope And Effectiveness
Portfolio Pulse from Benzinga Newsdesk
Virgin Galactic Holdings, Inc. (NYSE:SPCE) has initiated operations at its new Delta spaceship ground testing facility in Southern California, featuring an 'Iron Bird' test rig for subsystem verification. This move marks a significant step in the development of the Delta Class spaceships, aiming to streamline production and enhance safety. The facility will test and validate various subsystems, including avionics and hydraulics, to expedite the Delta Class development. Virgin Galactic plans to increase the testing scope throughout the year, supporting a transition from prototype to production model and maintaining the 2026 commercial service launch timeline.
May 06, 2024 | 1:57 pm
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Virgin Galactic's initiation of operations at its new Delta spaceship ground testing facility represents a pivotal advancement in its spaceflight development program. The 'Iron Bird' test rig will play a crucial role in subsystem verification, enhancing the production efficiency and safety of the Delta Class spaceships. This development underscores the company's commitment to transitioning from prototype to production, aiming to meet its 2026 commercial service launch.
The opening of the new testing facility and the commencement of subsystem tests are likely to be viewed positively by investors and the market, as they demonstrate tangible progress in Virgin Galactic's development timeline. This step not only highlights the company's strategic investment in its future capabilities but also aligns with its goal to commence commercial service by 2026. The emphasis on improving production efficiency and safety through the 'Iron Bird' test rig could enhance investor confidence in the company's ability to meet its projected timelines and operational goals, potentially leading to a positive short-term impact on SPCE's stock price.
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