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Benzinga
Benzinga
Business
Henry Khederian

FORGOTTEN HISTORY: Why virgin orbit shares are rising | History Defined

Virgin Orbit NASA Virgin Orbit Holdings Inc

Virgin Orbit Holdings Inc (NASDAQ:VORB) shares are trading higher by 6.8% at $8.42 Thursday afternoon after the company announced it has been selected by NASA to provide launch services through the VADR contract.

Virgin Orbit announced via press release Thursday that the fixed-price indefinite-delivery/indefinite-quantity contract will leverage commercial satellite launch practices, and together with the flexibility afforded by Virgin Orbit’s LauncherOne system enables more efficient launch timelines, mission-tailored orbits and competitive costs.

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