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Sierra Nevada Corporation and Lockheed Martin Space Systems Company Partner On Dream Chaser Programs

SPARKS, Nev., – January 30, 2013 – Sierra Nevada Corporation’s (SNC) Space Systems is pleased to announce Lockheed Martin Space Systems Company of Littleton, Colo., is joining the SNC Dream Chaser® team. Lockheed Martin will be an exclusive partner to SNC on NASA's Certification Products Contract (CPC) and has been competitively selected to build the composite structure for the Dream Chaser at NASA’s Michoud Assembly Facility in New Orleans, La. SNC was awarded $10 million for CPC Phase 1 to work with NASA towards government certification of the SNC Dream Chaser orbital crew transportation system.

"The SNC team is thrilled that Lockheed Martin will be joining our expanding world-class team of partner organizations also working to certify the Dream Chaser Space System for crewed flights to the International Space Station for NASA,” said Mark Sirangelo, corporate vice president and head of SNC’s Space Systems. “The CPC contract offers the Dream Chaser team the opportunity for a more robust technical interchange with NASA as we work to develop a safe, reliable orbital crew transportation system. This contract capitalizes on SNC's success working with NASA's Commercial Crew Program, as well as Lockheed Martin's expertise in developing and certifying Orion's beyond low Earth orbit human spaceflight hardware as part of NASA's Exploration Program. Our team will work towards the common goal of certifying the Dream Chaser to provide the next generation human transportation system."

Lockheed Martin is developing NASA's Orion Multi-Purpose Crew Vehicle (MPCV) and brings extensive and current experience in obtaining NASA certification for a crewed flight vehicle to the Dream Chaser program.

“We are pleased to join the SNC Dream Chaser team. Lockheed Martin brings with it tremendous human-rated space flight knowledge from our significant experience with large, human-flight structures, including 135 flights with the Space Shuttle’s external fuel tanks. We feel we can share many synergies between the Orion exploration spacecraft and the Dream Chaser lifting body space vehicle. This provides a great opportunity to take NASA’s investments in crew exploration capabilities and leverage them toward commercial transportation to low Earth orbit,” said Jim Crocker, vice president and general manager, Civil Space, Lockheed Martin Space Systems Company.

The composite structure for the Dream Chaser flight test vehicle is being built during the time that SNC is also executing its $212.5 million Space Act Agreement for the NASA Commercial Crew Integrated Capability Program. This effort leverages the extensive Lockheed Martin experience in building composite structures for spacecraft and high performance aircraft. With the addition of Lockheed Martin as a partner on the Dream Chaser program, SNC is now working with partner organizations in over 15 states on NASA's Commercial Crew Integrated Capability program.

“We are pleased to include Lockheed Martin as part of the Dream Chaser Team to develop early certification products and to build critical flight hardware. Their recent human spacecraft certification experience and composite expertise make them a great addition to our program,” said Jim Voss, vice president of Space Exploration Systems and Dream Chaser program manager.

The SNC and Lockheed Martin partnership represents the best of entrepreneurial spirit and established space mission success, collaborating on vehicle development, certification and reaching additional customer markets for the Dream Chaser orbital vehicle. The team looks forward to working with NASA to successfully execute on the first round of the CPC contract and move towards offering the Dream Chaser Space System as a commercial solution to crew and cargo servicing of the International Space Station.

About Sierra Nevada Corporation’s Space Systems
Sierra Nevada Corporation’s Space Systems business area headquartered in Louisville, Colorado, designs and manufactures advanced spacecraft, space vehicles, rocket motors and spacecraft subsystems and components for the US Government, commercial customers as well as for the international market. SNC Space Systems has more than 25 years of space heritage in space and has participated in over 400 successful space missions through the delivery of over 4,000 systems, subsystems and components. During its history, SNC Space Systems has concluded over 70 programs for NASA and hundreds for more than 50 other clients globally. For more information about SS visit www.sncspace.com.

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

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 Eren Ozmen, SNC employs over 2,500 people in 32 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 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: Julie.Ardito@sncorp.com or Julie Ardito at 775-849-6968.