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Sierra Nevada’s Space Systems Meets All Dream Chaser’s Milestones & More

Sparks, NV February 10, 2011 –Sierra Nevada Corporation (SNC) President, Eren Ozmen, is pleased to announce that its Space Systems has completed its effort in the first phase of NASA’s Commercial Crew Development Program (CCDEV1). SNC received the largest award in CCDEV1 funds last year to advance its Dream Chaser Orbital Space Vehicle.  SNC has completed all four milestones, including the completion of the tooling necessary to build the first flight vehicle, the successful firing of the Dream Chaser rocket motors that will be used for flight as well as the structural build of the first vehicle.  SNC not only timely completed the scheduled milestones but, at its own cost, actually did more work than it contracted to do within budget.  A fifth very meaningful milestone was performed when SNC, working with the NASA Dryden Flight Center in California, conducted a drop test of a scaled version of the Dream Chaser from over 14,000 feet which signaled the beginning of the atmospheric test program for the vehicle.

The Dream Chaser is a unique example of a collaborative effort with the higher education system.  SNC’s team involves not only the government and the commercial sector, but also the University of Colorado at Boulder.  SNC ‘s coupling of the expertise and experience of NASA, SNC’s Space Systems and its business partners with the educational power of the CU students has created a highly productive environment for technological space innovation.

NASA Deputy Administrator Lori Garver recently toured SNC’s Space Facilities and Dream Chaser developmental operations in Colorado.  As reported in NASA’s post-tour press release Garver remarked that, ‘"It's a pleasure to see commercial space making rapid progress in Colorado." Garver also said that, "Sierra Nevada is a pioneer in the next generation of access to space. Their innovation and entrepreneurship will help NASA become more nimble and help the U.S. out-innovate, out-educate and out-build any competitor in the world."

“We are extremely pleased to be working with NASA in the development of our Dream Chaser Orbital Space Vehicle,” said Mark N. Sirangelo, head of Sierra Nevada’s Space Systems. “The extensive knowledge, terrific support and expertise NASA is providing have enabled us to advance our program significantly. We are now ahead of schedule and in production of our first flight vehicle because of NASA and the CCDev program.”
 
About Sierra Nevada Corporation

Sierra Nevada Corporation (SNC) 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 and CFO Eren Ozmen, SNC employs over 2100 people in 31 locations in 16 states.  SNC’s seven 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.

MEDIA CONTACT: generalinfo@sncorp.com or 775-331-0222