Wagner Corporation Collaborates with Virgin Orbit to Bring National Air Launch Capability to Australia

LONG BEACH, CA & WELLCAMP, Australia–(BUSINESS WIRE)–Virgin Orbit (Nasdaq: VORB), a leading launch provider, today announced that it has signed a memorandum of understanding with Wagner Corporation, one of the region’s most successful private companies. and owner of Toowoomba Wellcamp Airport and Business Park in Queensland, Australia. The agreement will allow the companies to begin the process of implementing a domestic launch capability from Australia, with the aim of providing satellite launch services from Toowoomba Wellcamp airport using the LauncherOne system of Virgin Orbit.

In pursuit of their joint mission to revolutionize the space industry in Australia, Virgin Orbit and Wagner Corporation are exploring the possibility of certifying Toowoomba Wellcamp Airport as a national spaceport to perform an orbital launch demonstration as early as 2024. cooperative effort is designed to catalyze the maturing Australian space and small satellite solutions market, drive local economic growth, support commercial and civilian efforts, and provide Australian defense and government with a flexible, responsive domestic launch capability and flight-proven in support of a wide range of mission applications.

Leveraging the regional and local expertise of Wagner Corporation and the launch and mission expertise of Virgin Orbit, this collaboration will focus initial efforts on customizing LauncherOne’s operations from Toowoomba Wellcamp Airport to comply Australian regulatory requirements for launch licenses and specific spaceport operations. The two companies aim to develop a roadmap for how LauncherOne’s mobile ground support equipment and other infrastructure could be built and staged at Toowoomba Wellcamp Airport to provide Australia with a capability to resilient and proven national launch, and ultimately transform Toowoomba Wellcamp Airport into Australia’s leading space industry. innovation center. The roadmap will seek to define the steps necessary to allow LauncherOne’s first flights to take place from Australia within 16 to 18 months.

“At Virgin Orbit, we expect a day when satellites fly into space from Australia,” said Dan Hart, CEO of Virgin Orbit. “We are delighted to be working alongside Wagner Corporation, one of the region’s most successful private companies, to bring Australia’s first domestic orbital launch. Combining their deep knowledge of infrastructure development and affinity for aerospace with our proven and responsive LauncherOne system, we have all the ingredients to bring spaceflight to Queensland.

President of the Wagner Society, John Wagner said: “Virgin Orbit’s selection of Toowoomba Wellcamp Airport for its new national spaceport to carry out satellite launches has been extremely exciting and another significant boost for Queensland and Australia. Wellcamp Airport and Business Park is on its way to becoming one of the most sustainable carbon neutral destinations in the world. Virgin Orbit will join Boeing and other international companies as part of Wellcamp’s new campus and world-class aerospace and defense compound, with Stage 1 due to be completed by the end of 2024. Attracting business companies such as Virgin Orbit is a recognition of the strategic advantages that Wellcamp Airport and the aerospace and defense industry offer, and we look forward to a long and prosperous relationship. »

“Australian space is open for business,” said James Brown, CEO of the Space Industry Association of Australia (SIAA). “We are delighted to see a leading global launch company working with Australian industry to develop an agile and responsive solution for space customers.”

About Virgin Orbit

Virgin Orbit (Nasdaq: VORB) operates one of the most flexible and responsive space launch systems ever built. Founded by Sir Richard Branson in 2017, the company began commercial service in 2021 and has already put commercial, civilian, national security and international satellites into orbit. Virgin Orbit’s LauncherOne rockets are designed and manufactured in Long Beach, Calif., and are launched from a modified 747-400 carrier aircraft that allows Virgin Orbit to operate from locations around the world to better respond to needs of each client. Learn more about www.virginorbit.com and visit us at LinkedInon Twitter @virginorbitand on Instagram @virgin.orbit.

About Wagner Corporation

Family-owned Wagner Corporation (ASX: WGN) is renowned for its fearless thinking, quality delivery, trusted partnerships, and proven track record of purpose-built infrastructure and new product development. Wagner Corporation and its associated entities own Toowoomba Wellcamp Airport and Wellcamp Aerospace and Defense Precinct in Queensland, Australia. To learn more, visit wagnercorporation.com.au or contact [email protected]

Caution Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are generally identified by the words “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity “, “plan,” “may,” “should,” “will,” “would,” “will,” “will,” “will likely,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release, including, but not limited to, the Company’s ability to access sources of capital; its ability to increase its market share in the developing space economy; market acceptance of its current and anticipated products and services and its ability to achieve sufficient production volumes, and the factors, risks and uncertainties included in the company’s quarterly report on Form 10-Q for the period ended on June 30, 2022, and in the Company’s subsequent filings with the Securities and Exchange Commission (the “SEC”), available on the SEC’s website at www.sec.gov and the Investor Information section of the Company’s website at www.virginorbit.com. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and Virgin Orbit undertakes 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. Virgin Orbit does not guarantee that it will meet its expectations.

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