Virgin Galactic Holdings, Inc. announced its updated leadership structure to support commercial spaceline operations, which are on track for Second Quarter 2023 as previously announced by the Company. The organizational changes will support the Company's core near-term objectives of delivering increased flight frequency and executing on rapid fleet development plans. As part of this leadership update, Swami Iyer, President, Aerospace Systems, will be departing from his position, effective January 12, 2023.

He will continue to serve as an advisor to Michael Colglazier, CEO of the Company, until March 3, 2023 to ensure a smooth transition. The leadership team of industry veterans leading Virgin Galactic's spaceline operations includes: Mike Moses, President, Spaceline Missions and Safety: Moses has led flight and mission operations at Virgin Galactic since 2011 following his seventeen-year career at NASA, where he led space shuttle launch operations until the shuttle retired from service in 2011. Mike Moore, Executive Vice President, Spaceline Technical Operations: Moore joined Virgin Galactic in 2022 following a long and successful career as SVP, Technical Operations with Delta Airlines.

His team at Virgin Galactic works to ensure vehicles are manufactured, maintained, and sustained to the highest standards of quality, reliability, and efficiency. Steve Justice, Senior Vice President, Spaceline Programs and Engineering: Justice – a 39-year veteran of Lockheed Martin and a "legend" in its Skunk Works division – leads the design, engineering, and program management of Virgin Galactic's spaceflight system and future fleet development.