National Aeronautics and Space Administration (NASA) Administrator Charlie Bolden announced September 22 that NASA will fund optional milestones pre-negotiated as part of its Commercial Crew Development Program Round 2 (CCDev2) Space Act Agreement (SAA) with Sierra Nevada Corporation’s (SNC) Space Systems.
NASA amended Sierra Nevada Corporation’s SAA to include four additional optional milestones for a total of $25.6 million, bringing the value of Sierra Nevada’s CCDev2 SAA to $105.6 million, when all milestones are completed successfully.
“SNC’s Space Systems is honored to be awarded an additional $25.6 million by NASA as part of the second round of the Commercial Crew Development Program. The additional four funded milestones will allow the further development of the Dream Chaser(R) Space System and is a reflection of the progress and success of the program to date. The now 13 CCDev2 milestones will include the completion of a Preliminary Design Review (PDR) and culminate in a high-altitude free-flight test of the Dream Chaser(R) in the summer of 2012,” said Mark Sirangelo, head SNC’s Space Systems. “The Dream Chaser(R) Program successfully executed all of its CCDev1 milestones on time and on budget. As part of CCDev2, SNC has already completed four of the initial nine milestones, all of which have been on time and on budget. We are proud to be a part of NASA’s Commercial Crew Development Program as it continues to be a powerful driving force in making American commercial human spaceflight a reality.”
Full release available here: http://www.sncorp.com/news/press/pr11/snc_dreamchaser_funding.shtml
About Sierra Nevada Corporation
Sierra Nevada Corporation (SNC) is one of America’s fastest growing private companies. Under the leadership of CEO Fatih Ozmen and President/CFO Eren Ozmen, SNC employs over 2100 people in 30 locations in 15 states. SNC’s seven unique business areas are dedicated to providing leading-edge technology solutions to SNC’s customers. For more information visit www.sncorp.com.
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, and spacecraft subsystems for commercial and government customers. Space Systems (SS) has more than 20 years heritage in space, successfully delivering over 400 subsystems for 300+ satellite missions. For more information about SS visit www.sncspace.com.
