Virgin Orbit Names Stephen Zhang as Vice President of Investor Relations

The new VP of Investor Relations brings to Virgin Orbit years of public company finance experience. He will work closely with investors and advise the leadership team in its recently established role as a publicly listed company.

Virgin Orbit (Nasdaq: VORB) is pleased to announce the addition of Stephen Zhang as the company’s first Vice President of Investor Relations. Zhang will work as the company’s primary liaison to the investor community, while serving as a key advisor to the leadership team. He will also manage the earnings process and other shareholder-related matters as part of the company’s comprehensive investor relations program.

“We’re incredibly pleased to have Stephen on our team. He brings a wealth of experience dealing with investors, with a specific focus on the aerospace and defense sectors,” said Dan Hart, CEO of Virgin Orbit. “It’s crucial that we have him on our team to help establish and grow meaningful relationships with stakeholders at this exciting stage in the company. He’s an effective communicator that does a great job of telling our story and he’s integral for where we’re heading in the future.”

Prior to joining the Virgin Orbit team, Zhang was Director of Investor Relations at Raytheon Technologies, where he supported the company’s executive team in engaging top shareholders. Zhang helped guide the company through several transformational corporate initiatives and a merger of equals with Raytheon Company to form Raytheon Technologies.

Zhang graduated Magna Cum Laude from the University of Massachusetts, Amherst, with a bachelor’s degree in Finance and Operations Management. He began his career at United Technologies Corporation (UTC) as a Financial Leadership Program Associate. In 2011, he joined UTC’s Pratt and Whitney division, where he was promoted to positions of increasing responsibility over the years.

Zhang also served as a volunteer lead contact on the Inclusion Committee for United Technologies Corporation. He held similar volunteer positions on both Pratt and Whitney’s Diversity and Inclusion group and the United Way’s outreach group.

“I’m excited to be a part of the next phase of Virgin Orbit’s evolution,” Zhang said. “As a newly public company, it is imperative for us to communicate our story in an effective, credible, and consistent manner to the investor community. Our story is quite powerful – opening space for good – at any time, any place, and to any orbit. The differentiated technology, along with the innovative team that makes up Virgin Orbit, is what attracted me to the company and its vision. I’m thrilled to be a part of the journey and look forward to unlocking our full potential as we grow the business.”

About Virgin Orbit

Virgin Orbit (Nasdaq: VORB) operates one of the most flexible and responsive space launch systems ever built. Founded by Sir Richard Branson in 2017, the company began commercial service in 2021, and has already delivered commercial, civil, national security, and international satellites into orbit. Virgin Orbit’s LauncherOne rockets are designed and manufactured in Long Beach, California, and are air-launched from a modified 747-400 carrier aircraft that allows Virgin Orbit to operate from locations all over the world in order to best serve each customer’s needs. Learn more at www.virginorbit.com and visit us on LinkedIn, on Twitter @virginorbit, and on Instagram @virgin.orbit.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the Company’s ability to access sources of capital; its ability to grow market share in the developing space economy; market acceptance of its current and planned products and services and ability to achieve sufficient production volumes, as well as the factors, risks and uncertainties included in the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2022, as well as in the Company’s subsequent filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Information section of the Company’s website at www.virginorbit.com. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Virgin Orbit assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Virgin Orbit gives no assurance that it will achieve its expectations.

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