Acquisition of Straight Flight, Inc (SFI) and Straight Flight Conversions, Inc (SFC) By Sierra Nevada Corporation (SNC)

Sparks, Nevada – February 9, 2007 – Sierra Nevada Corporation announces it’s acquisition of Straight Flight, Inc (SFI) and Straight Flight Conversions, Inc (SFC). These Denverbased FAA/EASA Certified Repair Station operations, located at the Centennial Airport on the South Side of the Denver Metro area, conduct commercial aircraft modification, installation, and maintenance activities and will be combined into a commercial subsidiary of SNC.

This acquisition represents an exciting expansion of SNC’s proven aircraft modification, installation, and maintenance capabilities at one of the nation’s busiest airports, currently ranked # 2 in the nation among airports that are used for nonairline service. Straight Flight will operate as an SNC wholly owned subsidiary reporting under the Intelligence, Surveillance, and Reconnaissance (ISR) business area. The well respected commercial aircraft capabilities and its superior workforce attracted SNC to partner with Straight Flight from the onset. SNC’s engineering organization in Littleton, CO and has been successfully working with Straight Flight over the last year and half on several projects. The solid working relationship that has developed between the two organizations fostered a critical foundation upon which the combined engineering capability and superior aircraft modification and maintenance capability make both SNC and Straight Flight stronger together. For more information on Straight Flight Inc., please visit the web site www.straightflight.com.

Sierra Nevada Corporation (SNC) headquartered in Sparks, Nevada, is a fast growing innovative and agile technology solutions corporation focusing on system integration electronics engineering; manufacturing; and aircraft modification. Our current focus is to specialize in the integration; design; development; installation; and servicing of complex airborne, ground, and ship-based systems for the U.S. Government, its prime contractors, and international customers.

SNC is a privately-held, woman owned business with a strong, stable and debt-free financial foundation that provides flexible low-risk and strong financial performance for our customers. We have invested heavily over the years in experienced people, modern facilities, and the state-of-the-art equipment needed to enhance our capabilities, development efforts to our customer’s technical advantage. SNC has over 1000 employees with 24 locations in 15 states across the United States.

SNC Enterprise Business Areas:
ISR - Intelligence, Surveillance and Reconnaissance
CNS/ATM - Communication, Navigation, Surveillance & Air Traffic Mgmt
C4N - Command, Control, Communications, Computers and Networks
EW/RI - Electronic Warfare / Range Instrumentation
SST - System Sensors and Technology
IMS - Integrated Mission Systems