Wagner Corporation and Virgin Orbit have signed an agreement to assess a potential LauncherOne demonstration mission from the Toowoomba Wellcamp Airport.

Virgin Orbit (Nasdaq: VORB), a leading launch provider, announced today that it has signed a Memorandum of Understanding (MOU) with Wagner Corporation, one of the region’s most successful privately-owned companies and proprietor of the Toowoomba Wellcamp Airport and Business Park in Queensland, Australia. The agreement will allow the companies to begin the process of implementing a national launch capability from Australia, with the goal of providing satellite launch services from the Toowoomba Wellcamp Airport using Virgin Orbit’s LauncherOne System.

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Courtesy of Virgin Orbit

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

Drawing on regional and local expertise from Wagner Corporation and on launch and mission expertise from Virgin Orbit, this collaboration will focus its initial efforts on tailoring LauncherOne operations from Toowoomba Wellcamp Airport to comply with Australian launch licensing regulatory requirements and spaceport-specific operations. Both 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 resilient and proven national launch capability, and ultimately transform the Toowoomba Wellcamp Airport into Australia’s leading space industry innovation center. The roadmap will seek to lay out the steps required to enable the first flights of LauncherOne to occur from Australia in as soon as 16-18 months.

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

Wagner Corporation Chairman John Wagner said, “Virgin Orbit’s selection of Toowoomba Wellcamp Airport for its newest national spaceport, to perform satellite launches, was extremely exciting and a further significant boost for Queensland and Australia. Wellcamp Airport and Business Park is on track to becoming one of the most sustainable carbon neutral destinations internationally. Virgin Orbit will join Boeing and other international companies as part of Wellcamp’s new world-class, Aerospace and Defence Precinct and Campus, with Stage 1 due for completion by the end of 2024. Attracting global companies such as Virgin Orbit is recognition of the strategic advantages that Wellcamp Airport and the Aerospace and Defence Precinct offers, and we are looking forward to a long and prosperous relationship.”

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

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 delivered commercial, civil, national security, and international satellites into orbit. Virgin Orbit’s LauncherOne rockets are designed and manufactured in Long Beach, California, and are air-launched from a modified 747-400 carrier aircraft that allows Virgin Orbit to operate from locations all over the world in order to best serve each customer’s needs. Learn more at www.virginorbit.com and visit us on LinkedIn, on Twitter @virginorbit, and on Instagram @virgin.orbit.

About Wagner Corporation

The family-owned Wagner Corporation (ASX: WGN) has a reputation for intrepid thinking, quality delivery, trusted partnerships, and a proven track-record for purpose-built infrastructure and new product design. Wagner Corporation and its associated entities are the owner of the Toowoomba Wellcamp Airport and Wellcamp Aerospace and Defence Precinct in Queensland, Australia. To learn more, visit www.wagnercorporation.com.au or contact info@wagnerco.com.au.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the Company’s ability to access sources of capital; its ability to grow market share in the developing space economy; market acceptance of its current and planned products and services and ability to achieve sufficient production volumes, as well as the factors, risks and uncertainties included in the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2022, as well as in the Company’s subsequent filings with the Securities and Exchange Commission (the “SEC”), accessible 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 put undue reliance on forward-looking statements, and Virgin Orbit assumes 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 gives no assurance that it will achieve its expectations.

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