NASA Taps Virgin Galactic and a Peer for $45 Million in Flight Services Contracts

Virgin Galactic Holdings (NYSE: SPCE) has boarded a NASA-run suborbital testing program, the government's space agency announced on Monday. The company, along with privately held Masten Space Systems, is now part of NASA's Flight Opportunities initiative, in addition to four other businesses that had signed contracts with NASA earlier.

On its website, NASA describes the program as one that "facilitates rapid demonstration of promising technologies for space exploration, discovery, and the expansion of space commerce through suborbital testing with industry flight providers."

As one of those flight providers, Virgin Galactic will take certain technologies on its flights to help gauge their potential for use by NASA. 

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Source Fool.com