'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.
Sparks, NV (PRWEB) 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’s Space Systems
Sierra Nevada Corporation’s Space Systems business area 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’s Space Systems has concluded over 70 programs for NASA and over 50 other clients. For more information about SNC’s Space Systems, visit http://www.sncspace.com and follow us on Facebook at Sierra Nevada Corporation Space Systems.
Media Contact: media(dot)ssg(at)sncorp(dot)com or Krystal Scordo at 720-407-3192
About Sierra Nevada Corporation
Sierra Nevada Corporation (SNC), headquartered in Sparks, Nev., is one of America’s fastest growing private companies. Under the leadership of CEO Fatih Ozmen and President Eren 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 technology solutions to SNC’s customers. For more information on SNC, visit http://www.sncorp.com.
Media Contact: julie(dot)ardito(at)sncorp(dot)com or Julie Ardito at 775-849-6968.
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