Sierra Nevada Corporation Forms New Turkish Subsidiary, TRJet, 
to Produce Country's First Regional Jet.

Tuesday 16th June 2015

Sierra Nevada Corporation (SNC), a United States-based aerospace and aviation systems company, announces the formation of its newest wholly-owned subsidiary, TRJet Havacilik Teknolojileri Anonim Şirketi (TRJet). The announcement at the Paris Air Show follows SNC's May 27, 2015 signing of a Memorandum of Understanding involving the Savunma Teknolojileri Mühendislik ve Ticaret A.S. (STM) in support of the Turkish Ministry of Transport, Maritime Affairs & Communications to produce the country's first regional jet as part of its Regional Aircraft Project.

A Turkish corporation, TRJet will be based in Ankara, Turkey, and will serve the Regional Aircraft Project as well as the commercial aviation sector. The newly launched Regional Aircraft Project utilizes the TRJ328™ aircraft, a modernized version of the Dornier 328 (D328), as a first step toward production of Turkey's first domestically-built passenger aircraft, the TRJ628™. The TRJet subsidiary will ultimately produce and sell the TRJ328, as well as other variants, and will play an essential role in making Turkey's first indigenous passenger aircraft a reality.

TRJet will combine the legacy of two esteemed aviation companies, SNC and 328 Support Services GmbH (328 SSG), to create an aviation and aerospace company that merges modern-edge German aircraft engineering and the latest industry modification standards. The Turkish government will capitalize on this technology, and on Dornier's legacy of innovation dating back to the start of commercial aviation, to support the growth of Turkey's existing civil aviation industry, as well as to open the country to the global aviation market. The 328 is currently certified in 85 countries around the world, and is in use in many countries, including the U.S., Switzerland, Germany, U.K. and Denmark.

"We believe that the combination of technology, research, collaboration and decades of experience is the right recipe for TRJet's future success in Turkey and around the globe," said SNC President Eren Ozmen. "We are confident that TRJet, working with our partners in Turkey, and the commitment and support of those involved in the Turkish Regional Aircraft Project, will be successful in producing aircraft that changes the face of transportation in Turkey."

SNC has pursued international ventures for much of its 50-plus-year history and the company has had business interests in Turkey for several years. SNC's owners, President Eren Ozmen and CEO Fatih Ozmen, are of Turkish origin and the establishment of TRJet cements their interests in the Republic of Turkey as both Ozmens take leadership roles as directors in the newly-formed company. TRJet will not only be located in-country, but will employ Turkish workers and utilize local subcontractors and vendors, contributing significantly to the region's economy while continuing to develop the Republic of Turkey's burgeoning civil aviation industry.

About Sierra Nevada Corporation

Sierra Nevada Corporation (SNC), headquartered in Sparks, Nevada, is among the "World's Top 10 Most Innovative Companies in Space." Over the last 30 years, under the leadership of President Eren Ozmen and CEO Fatih Ozmen, SNC has become one of America's fastest-growing private companies and the Top Woman-Owned Federal Contractor in the United States. With a workforce of over 3,000 personnel, SNC now has 33 locations in 18 states and three locations in Europe. SNC has a reputation for rapid, innovative, and agile technology solutions in electronics, aerospace, avionics, space, propulsion, micro-satellite, aircraft and communications systems.

SNC has six unique business areas that are dedicated to providing leading-edge solutions to its dynamic customer base. SNC has a proven track record of success spanning more than five decades. It is focused on providing its customers with the very best in diversified technologies and continues to focus its growth on the commercial sector through internal advancements in dual-use applications and outside acquisitions including the emerging markets of telemedicine, Cyber, net-centric operations and commercial airlines.

For more information on SNC visit www.sncorp.com and follow us at Facebook/Sierra Nevada Corporation. Sierra Nevada Corporation and SNC are trademarks of Sierra Nevada Corporation.