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[i]We are embarking on a multi-year effort that targets flying 400 flights per year per spaceport. To do so, we will need to efficiently build more spaceships and more motherships. I'm pleased to share today that we have formally launched two new programs within Virgin Galactic that will be critical to this effort.
The first will be for our next-generation spaceship, the fourth generation, which we're referring to internally as the Delta class of vehicles. We'll be updating our engineering drawings to improve manufacturability and we will invest in our manufacturing facilities, processes and partnerships to improve cost and schedule efficiency. These vehicles are designed to have faster turnaround times due to the reduction in maintenance between flights.
While we will initiate our commercial service using the SpaceShipTwo and SpaceShip III class vehicles, it is our Delta class of spaceships that we believe will really accelerate the economic growth of the company.
The second and equally important new program is for our next-generation mothership. We plan to have the capability to fly multiple times per day at a spaceport and we will need multiple motherships to do so.
We have incredible teams that signed on these important programs and we will have more to say on these initiatives as we move forward.[/i]
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