Sierra Nevada Corporation Completes Critical Wind Tunnel Tests for its Dream Chaser® Spacecraft - Passes NASA CCiCap Program Milestone - Sierra Nevada Corporation (SNC) announces the successful completion of the latest milestone in its NASA Commercial Crew Integrated Capability (CCiCap) agreement. NASA awarded SNC full value of $20 million for the passage of CCiCap Milestone 8, Wind Tunnel Testing. To date, SNC has received over 80 percent of the total award value under the CCiCap agreement and is on track to complete the program later this year.

The purpose of Milestone 8 was to continue to advance the overall design of the Dream Chaser orbital spacecraft by analyzing the forces and flight dynamic characteristics that the vehicle will experience during orbital ascent and re-entry. The completion of this milestone significantly advances the path to orbital flight of the Dream Chaser spacecraft and the Dream Chaser Atlas V integrated launch system. Several Dream Chaser scale model spacecraft were subjected to multiple different wind tunnel tests in various configurations, including the integrated Dream Chaser attached to the United Launch Alliance Atlas V launch vehicle. In addition to the baseline milestone criteria, SNC fully self-funded an additional wind tunnel test that will accelerate the Dream Chaser development schedule and path to completion of the Critical Design Review.

"The aerodynamic data collected during these tests has further proven and validated Dream Chaser's integrated spacecraft and launch vehicle system design. It also has shown that Dream Chaser expected performance is greater than initially predicted," said Mark N. Sirangelo, corporate vice president and head of SNC's Space Systems. "Our program continues to fully complete each of our CCiCap agreement milestones assisted through our strong collaboration efforts with our integrated 'Dream Team' of industry, university and government strategic partners. We are on schedule to launch our first orbital flight in November of 2016, which will mark the beginning of the restoration of U.S. crew capability to low-Earth orbit."

The wind tunnel tests for this milestone were completed at NASA's Ames Research Center in Moffett Field, California, CALSPAN Transonic Wind Tunnel in New York, and at NASA's Langley Research Center Unitary Plan Wind Tunnel in Hampton, Virginia. SNC has a long standing relationship with Langley dating to 2004, the beginning of its development for the Dream Chaser, a derivative of NASA's HL-20 lifting body vehicle. Langley also houses the full motion-based flight simulator, which operates using Dream Chaser flight software and has been used to train future Dream Chaser pilots and NASA astronauts. In addition to these locations, previous wind tunnel testing also occurred at NASA's Marshall Space Flight Center in Huntsville, Alabama and at Texas A&M University.

SNC is working with NASA's Commercial Crew Program to develop a safe, innovative, modern, flexible and highly-capable crew transportation system for the 21st Century. Dream Chaser provides the only reusable, human-rated lifting-body spacecraft with a commercial runway landing capability, anywhere in the world, and 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. Dream Chaser is a multi-mission capable spacecraft that has the ability to work as an independent science platform, or as a logistics vehicle to retrieve, repair, replace, assemble or deploy items in space.

About Sierra Nevada Corporation's Space Systems

Sierra Nevada Corporation's Space Systems business area based in Louisville, Colorado, designs and manufactures advanced spacecraft, space vehicles, rocket motors and spacecraft subsystems and components for the U.S. Government, commercial customers as well as for the international market. SNC's Space Systems has more than 25 years of space heritage 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 at Facebook.com/SNCSpaceSystems.

About Sierra Nevada Corporation

Sierra Nevada Corporation (SNC), headquartered in Sparks, Nevada, is one of America's fastest growing private companies based on its significant expansion and reputation for rapid, innovative, and agile technology solutions in electronics, aerospace, avionics, space, propulsion, micro-satellite, aircraft, communications systems and solar energy. Under the leadership of CEO Fatih Ozmen and President Eren Ozmen, SNC has a workforce of over 3,000 personnel in 30 locations in 16 states. SNC's six unique business areas are dedicated to providing leading-edge solutions to SNC's dynamic customer base.

SNC is also the Top Woman-Owned Federal Contractor in the United States. Over the last 30 years under the Ozmen's leadership, SNC has remained focused on providing its customers the very best in diversified technologies to meet their needs and has a strong and proven track record of success. The company continues to focus its growth also on the commercial sector through internal advancements in dual-use applications and outside acquisitions, including the emerging markets of renewable energy, telemedicine, nanotechnology, cyber and net-centric operations. For more information on SNC visit http://www.sncorp.com and follow us at Facebook.com/SierraNevadaCorporation.

IBM leads the worldwide server market in Q2 2013, claiming a 25.6 percent share with a revenue of $3.156 billion USD, Gartner reports. As per the same quarter in 2012, that number is actually down 9.7 percent from a 27.2 percent market share and revenue of $3.496 billion USD. Both HP and Oracle saw a decline year-over-year while Dell, Cisco, and another of others saw growth.

Whereas the general server market revenue drops to 3.8% in the second quarter, worldwide server shipments actually elevated 4 percent year-over-year. Inspur Electronics saw the most shipments, up 211.8 percent with 20,960 shipments in 2012 and 65,350 shipments in 2013. Only with distant second, Cisco came next with a 58.5 percent increase year-over-year then followed by "others" (14.4 percent) and Dell (1.7 percent). IBM shipments fell 8 percent year-over-year and HP dropped 13.6 percent.

Despite HP's drop in server shipments, the company remained the worldwide market leader in Q2 2013 with a 23.9 percent market share and 586,857 shipments. Dell with a 22.4 market share came in at a close second followed by IBM (8.5 percent), Cisco (3.2), and Inspur Electronics (2.7 percent). According to Gartner reports that Inspurentered the top five thanks to a significant High-performance Computing (HPC) deal that it won in its native China during the quarter.

"In terms of server form factors, x86 blade servers declined by 3 percent in shipments and 4.5 percent in revenue for the quarter," the firm said. "The x86 rack-optimized form factor climbed 3.9 percent in shipments and 2.4 percent in revenue for the second quarter."

Server shipments decline 5.9 percent in Q2 2013 weigh against to Q2 2012, with server shipments reaching 550,537 units particularly in the European, Middle Eastern, and African regions (EMEA). HP led the server market in this region, shipping 222,016 units and owning 40.30 percent of the market. Dell followed with 114,057 shipments as well as IBM (47,550), Fujitsu (24,325) and Cisco (14,484).

Regarding the revenue during the same quarter, HP is still leading the pack with $1.045 billion USD, then IBM with the raking in $834.8 million USD followed by Dell ($434.9 million), Oracle ($193.5 million), and Fujitsu ($175.8 million) - revenue for all others combined was $426.5 million USD. From the top five to show revenue growth, Dell and Fujitsu remained the only two vendors. The EMEA market lacks the hyper scale segment growth that other regions benefit from, Gartner said.

"In the second quarter of 2013, x86 server revenue decreased 4.7 percent in EMEA, while RISC/Itanium UNIX revenue fell 22.6 percent," the firm said. "Revenue for the 'other' CPU segment grew 44.3 percent. The RISC/Itanium UNIX segment continued to suffer from migrations to alternative platforms as users sought lower cost alternatives and more flexibility. The 'other' CPU category, which is primarily driven by mainframes, saw a double-digit increase thanks to platform refreshes. "

Adrian O'Connell, research director at Gartner, said that weak enterprise demand, combined with consolidation and platform migration, continued to dampen theEMEA server market during Q2 2013. Recognized vendors like HP, Dell, and IBMwere also gradually more challenged. These challenges are relatively-new vendors such as Cisco and local OEMs like Huawei and the current worldwide PC market leader Lenovo. ODMs selling directly to large end-users also posed as a problem for the larger companies.