Space tourism company Virgin Galactic (NYSE:SPCE) on Wednesday announced a deal with Boeing (NYSE:BA) subsidiary Aurora Flight Sciences to build two additional carrier aircraft to support its coming spacecraft fleet.
Virgin Galactic currently has one carrier aircraft, or “mothership,” called VMS Eve that is about 14 years old and is undergoing a lengthy refurbishment. The jet-powered mothership plays a key role in Virgin Galactic’s flights by carrying the company’s spacecraft up to about 50,000 feet altitude to launch.
The company said the new motherships are an evolution of the VMS Eve design and will each support up to 200 launches a year.
Virgin Galactic currently has two spacecraft in its fleet, VSS Unity and VSS Imagine, and says the former can launch 12 times a year and the latter 26 times a year. But the company’s coming “Delta class” of spacecraft would fly as often as once a week, necessitating multiple motherships to support launches.
“Our next generation motherships are integral to scaling our operations. They will be faster to produce, easier to maintain and will allow us to fly substantially more missions each year,” Virgin Galactic CEO Michael Colglazier said.
A Virgin Galactic spokesperson declined to disclose the deal’s financial terms. Aurora began designing the motherships with Virgin Galactic early this year and will start production immediately. The first carrier aircraft is expected to enter service in 2025.
SPCE shares went airborne 57 cents, or 8.9%, to $7.03, while those for Boeing jumped $4.05, or 3%, to $140.36.
