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ACQUISITION OF WAVEBAND CORPORATION (WB) BY SIERRA NEVADA CORPORATION (SNC)

Sparks, Nevada – May 2005 – Sierra Nevada Corporation announces its recent acquisition of WaveBand Corporation (WB), a California-based high-tech company known for innovation in the field of millimeter wave (MMW) technologies, including beam-steering antennas and imaging radar systems.

The acquisition of WB expands SNC’s capabilities in the emerging MMW imaging radar market. WaveBand's antennas provide rapid beam steering and beam forming without the use of either mechanically moved reflectors, which are slow, or electronically steered phase shifters, which are fast but expensive. Combined with imaging radars, WaveBand’s antennas address the needs and opportunities presented by commercial and government markets in areas that include aircraft landing aids, missile seekers, and surveillance sensors.

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