PRESS RELEASE

Sierra Nevada Corporation and NASA Amend CCiCap Partnership Agreement for Dream Chaser® Space System

SPARKS, Nev., March 23, 2015 – Sierra Nevada Corporation (SNC) is pleased to announce it has amended its current Space Act Agreement (SAA), adding a significant development milestone to the Commercial Crew Integrated Capability (CCiCap) partnership with NASA. The amendment, which extends the period of performance through March 2016, introduces unfunded Milestone 41, Design Analysis Cycle-6 Closeout Review – demonstrating the advancement of the Dream Chaser® Space System design from a Preliminary Design Review (PDR) level of maturity toward a Critical Design Review (CDR) level.

“We are eager to continue our work with NASA on development of the Dream Chaser Space System and appreciate NASA’s continued support of our program,” said Mark N. Sirangelo, corporate vice president, SNC’s Space Systems. “Agreeing to extend the SAA is recognition by NASA of the unique value of the Dream Chaser lifting-body vehicle. As the only runway-landing, piloted space vehicle in development, Dream Chaser provides the opportunity to preserve the U.S. legacy of 30 years of space shuttle and lifting body experience.  The continued agreement and addition of the Closeout Review milestone ensures the entire Dream Chaser Space System continues its path forward to CDR maturation.”

The Dream Chaser has been under development in partnership with NASA’s Commercial Crew Program since 2010. SNC’s Dream Chaser is the only reusable, lifting-body, low-g, and runway-landing-capable spacecraft in the world. It offers a reliable, cost-effective solution for transportation of crew and cargo to low-Earth orbit.

About Sierra Nevada Corporation’s Space Systems 
Sierra Nevada Corporation’s Space Systems business area based in Louisville, Colorado, designs and manufactures advanced spacecraft, space vehicles, rocket motors and spacecraft subsystems and components for the U.S. Government, commercial customers, as well as for the international market.  SNC’s Space Systems has more than 25 years of space heritage and has participated in over 400 successful space missions through the delivery of over 4,000 systems, subsystems and components.  During its history, SNC’s Space Systems has concluded over 70 programs for NASA and over 50 other clients. For more information about SNC’s Space Systems visit www.sncspace.com and follow us at Facebook.com/SNCSpaceSystems and Twitter @SNCspacesystems. 

About Sierra Nevada Corporation
Sierra Nevada Corporation (SNC), headquartered in Sparks, Nevada, is among the “World’s Top 10 Most Innovative Companies in Space.” Over the last 30 years, under the leadership of President Eren Ozmen and CEO Fatih Ozmen, SNC has become one of America’s fastest-growing private companies and the Top Woman-Owned Federal Contractor in the United States. With a workforce of over 3,000 personnel in 31 locations in 17 states and three locations in Europe, SNC has a reputation for rapid, innovative, and agile technology solutions in electronics, aerospace, avionics, space, propulsion, micro-satellite, aircraft, communications systems and solar energy.

SNC has six unique business areas that are dedicated to providing leading-edge solutions to its dynamic customer base. SNC has a proven track record of success spanning more than five decades. It is focused on providing its customers with the very best in diversified technologies and continues to focus its growth on the commercial sector through internal advancements in dual-use applications and outside acquisitions including the emerging markets of telemedicine, Cyber and net-centric operations.

For more information on SNC visit www.sncorp.com and follow us at Facebook/Sierra Nevada Corporation. Sierra Nevada Corporation and SNC are trademarks of Sierra Nevada Corporation.