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SNC Awarded Contract for Global Hawk Landing System

Sparks, Nevada (July 18, 2003) - Sierra Nevada Corporation announced today that it was awarded a contract from Raytheon Company (NYSE: RTN) for the supply of the company’s Precision Landing System (PLS) for Northrop Grumman’s Global Hawk unmanned aerial vehicle (UAV).

Sierra Nevada Corporation’s PLS will provide high accuracy and high integrity positioning information to the Global Hawk navigation and landing avionics during the UAV’s launch and landing phases of flight. The PLS ground equipment forms an integral part of the Raytheon Launch and Recovery Element of the Global Hawk ground system. Delivery of the first PLS system is scheduled for late 2003 with subsequent deliveries in early 2004.

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