SNC Launches Sierra Space, An Unbiased Industrial House Firm

Friday, April 23, 2021 Tags: Louisville, Sierra Nevada Corporation, Fatih Ozmen, Dream Chaser, NASA

LOUISVILLE/SPARKS, Nevada — Sierra Nevada Corporation (SNC) introduced the formation of Sierra Space, a brand new industrial house firm.

The new firm’s space-as-a-service enterprise mannequin will leverage superior applied sciences, akin to Dream Chaser spaceplanes and expandable LIFE habitats, throughout the fast-growing new house economic system, which is predicted to develop to $1. 4 trillion by 2030 .

SNC’s Space Systems Division is predicated in Nevada and is predicated in Louisville.

With belongings transitioned from SNC’s Space Systems enterprise space, Sierra Space will ship the way forward for house transportation, locations and infrastructure, together with plans to supply the primary free-flying industrial house station, SNC stated.

“Sierra Space is uniquely positioned to take advantage of the significant growth opportunities within the aerospace market, driven by our extensive operating history spanning more than 30 years, coupled with longstanding partnerships with blue-chip customers,” stated Fatih OzmenSNC proprietor and CEO.

“In this fast-growing and competitive market, SNC’s robust contract profile and growing backlog provide valuable tailwinds and momentum.”

The new industrial house station integrates the massive measurement and flexibility of LIFE habitats with the excessive payload capability and non-toxic return-to-Earth runway of the Dream Chaser spaceplane.

Under contract with NASA, Dream Chaser will fly the primary of at the least seven cargo missions to the International Space Station beginning subsequent yr.

Sierra Space will profit from the management of SNC’s homeowners, Eren and Fatih Ozmen, and profit from synergies enabled by SNC’s broad buyer base and main aerospace expertise.

Sierra Space could have the independence to hunt artistic partnerships and market alternatives to quickly scale its development and benefit from a fast-growing and aggressive market, SNC stated.

The firm begins its journey with $3 billion in energetic contracts and expects to exceed $4 billion in income throughout the decade.