Sparks, Nev.,– August 19, 2013 – Last week NASA announced that it has added additional milestones to Sierra Nevada Corporation’s (SNC) Dream Chaser® Space Act Agreement (SAA) under the Commercial Crew Integrated Capability (CCiCap) initiative. NASA amended SNC’s SAA to include two additional milestones totaling $15 million, bringing the value of SNC’s CCiCap SAA to $227.5 million.
“SNC is pleased to be awarded this new NASA investment and we will make valuable use of the additional $15 million in funding,” said Mark Sirangelo, corporate vice president and head of SNC’s Space Systems. “The addition of these two funded milestones will allow our team to continue the advancement of the Dream Chaser Space System.”
The two optional milestones will extend the SNC CCiCap period of performance from May 2014 to August 2014, advancing the design and testing of the Dream Chaser Space System. Specifically, the optional milestones will fund work associated with the Critical Design Review (CDR) for the vehicle and additional testing of the reaction control system.
SNC is one of three companies funded under the CCiCap initiative to develop a next generation crew transportation vehicle and the only reusable, lifting body vehicle with runway landing capability. The Dream Chaser space vehicle is on the forefront of the commercial human spaceflight industry, offering safe, reliable, and cost effective crew and critical cargo transportation to low-Earth orbit.
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 PresidentEren Ozmen, SNC employs over 2,500 people 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 and follow us on Facebook at Sierra Nevada Corporation.