Virgin Galactic Accuses Boeing of 'Shoddy' Work in Its Countersuit Over Failed Agreement [Yahoo! Finance]
Virgin Galactic Holdings, Inc. (SPCE)
Company Research
Source: Yahoo! Finance
In response, Virgin Galactic has filed a lawsuit of its own, blaming Boeing for repeated failures that ultimately led to the termination of their commercial partnership. Richard Branson's private space venture is countersuing Boeing over an agreement to develop Virgin Galactic's next generation mothership. The company filed its own lawsuit on Thursday in a Los Angeles federal court, nearly two weeks after Boeing asked a federal judge in Virginia to issue a court order blocking Virgin Galactic from further using proprietary data that was shared between the two companies as part of an agreement in 2022. In July 2022, Virgin Galactic announced an agreement with Aurora, Boeing's Virginia-based subsidiary, to design and manufacture its next generation mothership. The mothership is used as part of the company's ongoing suborbital space tourism trips, carrying a spaceplane with passengers on board and releasing it at an altitude of 44,500 feet (13,500 meters) above the ground. The agre
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SPCE
News
- ‘Galactic 07' Mission Launch Window Opens June 8 [Yahoo! Finance]Yahoo! Finance
- ‘Galactic 07’ Mission Launch Window Opens June 8Business Wire
- Virgin Galactic (SPCE) Stock Sinks As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Why Investors Had a Meltdown Over Virgin Galactic's Reverse Split News [Yahoo! Finance]Yahoo! Finance
- Virgin Galactic (SPCE) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
SPCE
Earnings
- 2/27/24 - Beat
SPCE
Sec Filings
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form ARS
- 4/29/24 - Form DEF
- SPCE's page on the SEC website