Scaled Composites Congratulates Virgin
and New Mexico on Spaceport Plans

Mojave, CA. --December 14, 2005-- Virgin and Scaled Composites announced in July of 2005 the intent to form a new company, The Spaceship Company (TSC), a new aerospace production company which will build commercial manned suborbital spaceships and launch aircraft. Scaled Composites has agreed to develop the new systems and to provide TSC with the technology required to allow them to produce the flight vehicles as well as to support the spaceline operators. Scaled’s development work will be performed in its current Mojave, California facilities. TSC production is also planned to take place at the Mojave Spaceport.

The launch customer will be Virgin’s new commercial spaceline, Virgin Galactic (VG). VG has ordered five Spaceship systems and has options on more. VG plans initial commercial operations at the Mojave, California Spaceport. Following delivery of the VG ships, TSC will supply flight hardware to additional commercial spaceline operators.

Scaled congratulates VG and the State of New Mexico on the announcement today of plans to construct a purpose-built commercial Spaceport, the provision of which will facilitate the launch of the new commercial space flight industry. The new industry’s expected volume will require multiple sites and New Mexico’s planned space-dedicated facility will be a key element in building this expanding business.

About Virgin:

Virgin, a leading branded venture capital organization, is one of the world's most recognized and respected brands. Conceived in 1970 by Sir Richard Branson, the Virgin Group has gone on to grow very successful businesses in sectors ranging from mobile telephony, to transportation, travel, financial services, leisure, music, holidays, publishing and retailing. Virgin has created more than 200 companies worldwide, employing approximately 35,000 people, in 29 countries. Revenues around the world in 2003 exceeded GBP 4.5 billion (US$7.9 billion).

About Virgin Galactic:

The Virgin Galactic name was first registered and trade mark protection applied for in the mid 1990s. As the world's-first commercial spaceline, Virgin Galactic will be heavily investing to setup a world-class commercial flight operation and to build the ground infrastructure required to create the best possible sub-orbital spaceflight experience for its passengers.
To register your interest in Virgin Galactic please log on to: www.virgingalactic.com.

About Scaled Composites:

Scaled Composites was founded in 1982 and immediately became the world's most prolific developer of new research aircraft types.

Detailed information about Scaled Composites can be found at www.scaled.com
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Contact:

Virgin Galactic
Jackie McQuillan
+ 44 207 229 4738 / + 44 7940 486567
Cell: + 44 7905 309096
US Inquires: 609-897-7865
Jackie.mcquillan@virgin.co.uk
www.virgingalactic.com

or:

Scaled Composites
Trish Mills, 661-824-4541
info@scaled.com
www.scaled.com

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