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Collaboration Agreement between Virgin Hyperloop and Spirit AeroSystems June 29 2020

2020 Lucintel Composites Market Insights, June 29, 2020

Spirit AeroSystems has joined in partnership with Virgin Hyperloop as it prepares to move towards a commercial product. The collaboration will help to solidify the hyperloop prototype utilizing Spirit AeroSystems engineers, fabricators, builders, supply chain and certification experts, and technicians.

This new transit mode will unlock exponential growth opportunities for cross-industry manufacturing and development jobs - across construction, aerospace, rail, automotive, aviation, electric vehicles, and autonomous control.

“As one of the most credible aerospace-grade structures companies in the world, Spirit AeroSystems provides a strong fit for our team as we look to build out strong partners in the hyperloop ecosystem,” said Josh Giegel, Chief Technology Officer of Virgin Hyperloop.

Hyperloop is a new mode of transportation designed to eliminate the barriers of distance and time for both people and freight. It can travel at speeds approaching 700mph, connecting cities like metro stops -- and it has zero direct emissions. With hyperloop, vehicles, called pods, accelerate gradually via electric propulsion through a low-pressure tube. The pod floats along the track using magnetic levitation and glides at airline speeds for long distances due to ultra-low aerodynamic drag.

For identifying growth opportunities for ceramics matrix composites in the global aerospace industry, please visit
http://www.lucintel.com/cmc_in_global_aerospace_market_2016.aspx