PRESS RELEASE

Sierra Nevada Corporation Announces Cooperative Understanding with Japanese Aerospace Exploration Agency for the Dream Chaser® Space System

Sparks, Nev., July 23, 2014 – Sierra Nevada Corporation (SNC) announced today the expansion of its Dream Chaser® Space System’s global partnership to include Asia and the Pacific Rim through a recently signed memorandum of cooperative understanding with the Japanese Aerospace Exploration Agency (JAXA). SNC will work with JAXA on potential applications of Japanese technologies and the development of mission concepts for the Dream Chaser spacecraft. Additionally, SNC and JAXA will explore the possibility of launching and landing the Dream Chaser spacecraft in Japan. This international collaboration will widen the breadth of the global capabilities offered by SNC’s Dream Chaser reusable, lifting-body spacecraft.

Currently, the Dream Chaser is undergoing development and flight test preparations to transport astronauts from the United States and partner nations to low-Earth orbit (LEO) destinations, such as the International Space Station (ISS). The first Dream Chaser orbital launch is scheduled for November 2016. Beyond the technical collaboration, the cooperation seeks to maintain and strengthen the existing global space partnerships established between Japan and the U.S.

JAXA joins the expanding SNC international team that includes the European Space Agency (ESA) and the German Aerospace Center (DLR). SNC is confident that the expertise the Japanese bring will further advance the development of the Dream Chaser spacecraft, while providing JAXA access to Dream Chaser flights to advance its space technologies, flight opportunities and space interests in LEO.

“We are excited about the potential of this new relationship with Japan,” said Mark N. Sirangelo, corporate vice president of SNC’s Space Systems. “This expands our global Dream Chaser Space System partnerships to include another major ISS partner with demonstrated capabilities that significantly advance space education and exploration. Japan, like the United States, has the infrastructure to support both launch and landing of the Dream Chaser spacecraft within its own borders.”

SNC’s Dream Chaser Space System is at the forefront of the commercial human spaceflight industry offering safe, reliable and cost-effective crew and critical cargo transportation services to LEO. As the only lifting-body, low-g reentry spacecraft with the capability to land on commercial runways, anywhere in the world, Dream Chaser is uniquely adaptable to meet a variety of mission requirements to retrieve, repair, replace, assemble or deploy items in space, making it the only multi-mission space utility vehicle in the world.

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.

Media Contact: SNCDreamChaser@sncorp.com or Krystal Scordo at 720-407-3192

About Sierra Nevada Corporation
Sierra Nevada Corporation (SNC), headquartered in Sparks, Nevada, 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 31 locations in 17 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 also on the commercial sector through internal advancements in dual-use applications 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 and follow us at Facebook.com/SierraNevadaCorporation.