PRESS RELEASE

Sierra Nevada Corporation Dream Chaser ® Testing Begins at NASA Dryden, Langley

SPARKS, Nev., May 15, 2013 – Dream Chaser flight vehicle arrived at NASA's Dryden Flight Research Center in Edwards, Calif., Wednesday to begin tests of its flight and runway landing systems.

The tests are part of pre-negotiated, paid-for-performance milestones with NASA's Commercial Crew Program (CCP), which is facilitating U.S.-led companies' development of spacecraft and rockets that can launch from American soil. The overall goal of CCP is to achieve safe, reliable and cost-effective U.S. human access to and from the International Space Station and low-Earth orbit.

Tests at Dryden will include tow, captive-carry and free-flight tests of the Dream Chaser. A truck will tow the craft down a runway to validate performance of the nose strut, brakes and tires. The captive-carry flights will further examine the loads it will encounter during flight as it is carried by an Erickson Skycrane helicopter. The free flight later this year will test Dream Chaser's aerodynamics through landing.

Meanwhile, on the east coast, several NASA astronauts will be at the agency's Langley Research Center in Hampton, Va., this week to fly simulations of a Dream Chaser approach and landing to help evaluate the spacecraft's subsonic handling. The test will measure how well the spacecraft would handle in a number of different atmospheric conditions and assess its guidance and navigation performance.

"Unique public-private partnerships like the one between NASA and Sierra Nevada Corporation are creating an industry capable of building the next generation of rockets and spacecraft that will carry U.S. astronauts to the scientific proving ground of low-Earth orbit," said William Gerstenmaier, NASA's associate administrator for human exploration and operations in Washington. "NASA centers around the country paved the way for 50 years of American human spaceflight, and they're actively working with our partners to test innovative commercial space systems that will continue to ensure American leadership in exploration and discovery."

The Dream Chaser Space System is based on Langley's Horizontal Lander HL-20 lifting body design concept. The design builds on years of analysis and wind tunnel testing by Langley engineers during the 1980s and 1990s. Langley and SNC joined forces six years ago to update the HL-20 design in the Dream Chaser orbital crew vehicle. In those years SNC has worked to refine the spacecraft design. SNC will continue to test models in Langley wind tunnels. Langley researchers also helped develop a cockpit simulator at SNC's facility in Louisville, Colo., and the flight simulations being assessed at the center.

NASA is partnered with SNC, Space Exploration Technologies (SpaceX) and The Boeing Company to meet CCP milestones for integrated crew transportation systems under the Commercial Crew Integrated Capability (CCiCap) initiative. Advances made by these companies under their funded Space Act Agreements ultimately are intended to lead to the availability of commercial human spaceflight services for government and commercial companies.

While NASA works with U.S. industry partners to develop commercial spaceflight capabilities, the agency also is developing the Orion spacecraft and the Space Launch System (SLS), a crew capsule and heavy-lift rocket to provide an entirely new capability for human exploration. Designed to be flexible for launching spacecraft for crew and cargo missions, SLS and Orion will expand human presence beyond low-Earth orbit and enable new missions of exploration in the solar system.

For more information about NASA's Commercial Crew Program, visit: http://www.nasa.gov/commercialcrew

About Sierra Nevada Corporation’s Space Systems
Sierra Nevada Corporation’s Space Systems business area headquartered in Louisville, Colo., designs and manufactures advanced spacecraft, space vehicles, rocket motors and spacecraft subsystems and components for the US Government, commercial customers as well as for the international market. SNC’s Space Systems has more than 25 years of space heritage in space 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.

About Sierra Nevada Corporation
Sierra Nevada Corporation (SNC), headquartered in Sparks, Nev., is one of America’s fastest growing private companies based on its significant expansion and reputation for rapid, innovative, and agile technology solutions in electronics, aerospace, avionics, space, propulsion, micro-satellite, aircraft, communications systems and solar energy. Under the leadership of CEO Fatih Ozmen and President Eren Ozmen, SNC has a workforce of over 3,000 personnel in 30 locations in 16 states. SNC’s six unique business areas are dedicated to providing leading-edge solutions to SNC’s dynamic customer base.

SNC is also the Top Woman-Owned Federal Contractor in the United States. Over the last 30 years under the Ozmen’s leadership, SNC has remained focused on providing its customers the very best in diversified technologies to meet their needs and has a strong and proven track record of success. The company continues to focus its growth on the commercial sector through internal advancements and outside acquisitions, including the emerging markets of renewable energy, telemedicine, nanotechnology, cyber and net-centric operations. For more information on SNC visit www.sncorp.com.