No price given. Here's the transcript on the two slides related to "Growth Strategy III: High Speed Global Mobility" / "Hypersonic Point to Point Travel":
Turning to Slide 24. While our primary focus is on commercializing human spaceflight, we believe that we can leverage our robust platform of advanced technologies, significant design, engineering and manufacturing experience and extensive past and future flight data to develop additional aerospace applications, most notably centered on high-speed global mobility.
High-speed global mobility technology is already a key focus for military and other government applications, particularly in the missile space. We see huge opportunities to apply high-speed global mobility to the commercial aviation market to drastically reduce travel time, such as the example we have here that shows how a hypersonic vehicle could reduce the L.A. to Tokyo flight time by nine hours. Even supersonic flight could have a dramatic impact on global markets, enabling new activities and connecting the world more closely.
Turning to Slide 25. Virgin Galactic is already well positioned today to develop this technology and we believe we are significantly ahead of our potential peers. Ours is the only team designing, building and flying a commercial crewed vehicle today that can travel at supersonic speeds, which we believe gives us an immense first-mover advantage.
We are further bolstered by our partnership with Boeing, which we believe will enable us to further develop our high-speed technology. Our team also benefits from our co-located vertically integrated design and manufacturing stack. In addition, our flight system, a winged system with a horizontal launch and landing architecture means that we are compatible with the existing airport infrastructures around the world capable of being sequenced into existing airport patterns and local air networks.
We have a focused and experienced project team dedicated to developing and applying high-speed global mobility technology and we are looking to build this team out further.
Finally, we can leverage the experience and insight from Virgin Group’s other airlines. In this respect, we are pleased to have the experience of former Virgin Atlantic CEO, Craig Krieger on our Board of Directors.
So looking ahead, our vision is to have a customer-driven, environmentally sustainable fleet of commercially viable vehicles with premium end-to-end service with rapid global reach saving a precious resource, time. We believe a fleet of winged, high-speed vehicles would easily integrate into existing aerospace and airport infrastructure for accelerated adoption and create value for operators who would be accessing significant new market opportunities.
As a foundation for this work, we are focused on creating IP and material science, analysis tools, propulsion, sustainable fuels, manufacturing, guidance and navigation, and other supporting technologies for high-speed applications with aero-derivative technologies developed that can provide direct benefit to all.
