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 SNC
SNC is a trusted global leader in aerospace and national security. Our innovative solutions enable connected protection through command, control and communications systems, as well as ISR, cyber, electromagnetic spectrum management, and other high capabilities for national security systems across all domains – sea, land, air, space and cyber. As a longstanding leader in defense technology, SNC is at the optimum intersection of commercial, defense and non-traditional contractors. We are one of the only privately owned mid-tier A&D contractors and we pride ourselves on our ability to invest early and often to ensure mission success on or ahead of schedule. It's part of our mission to always stay one step ahead; working on solutions today to solve the problems of tomorrow. Founded in 1963, SNC is owned by Chairwoman Eren Ozmen and CEO Fatih Ozmen.