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Virgin Orbit Up After Polish Space Agency Cooperation Agreement -Breaking

by Mike Robinson

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Sam Boughedda

Investing.com — It was announced that Virgin Orbit Holdings Inc. (NASDAQ:), and the Polish Government had signed a Letter Of Intent to Collaborate.

Virgin Orbit will work with the Polish Space Agency (POLSA) to analyze LauncherOne’s (Virgin Orbit’s domestic launch system) applications “in support of Poland’s science and economy industries.”

Virgin Orbit said Poland’s space development body conveyed a strong interest in bringing domestic launch capability to Poland.

“LauncherOne has demonstrated its unique ability to open space launch solutions for regions where spaceflight would otherwise be limited or impractical – a solution made possible through a dedicated carrier aircraft and ground support systems,” the company said.

“Today’s agreement marks an important step to providing assured access to space for Poland and surrounding nations–serving Polish industry, science and security,” added Virgin Orbit CEO Dan Hart.

Virgin Orbit shares rose by 5% during early Thursday trading. They are currently down 22% this year.

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