Sierra Space and Spirit AeroSystems, Inc. [NYSE: SPR] today announced the formation of a long-term strategic partnership intended to accelerate access to a vibrant commercial space economy of the future.
Spirit Defense & Space will assist in the development and production of future affordable Shooting Star Transport Vehicles under a Letter of Intent signed between the two companies. The agreement also provides for the two companies to work together to develop innovative technologies and processes to accelerate Sierra Space’s expanding Dream Chaser family of scalable spaceplanes to the market.
Sierra Space is a leading commercial space company at the forefront of creating and building the future of space transportation and infrastructure for low-Earth orbit commercialization. Using Sierra Space’s growing range of space transportation, infrastructure and associated technologies, the company intends to expand access to the space economy for other commercial entities and enable the discoveries and innovations of the future.
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Spirit Defense & Space will work with Sierra Space to enhance accessibility and efficiency of the Sierra Space Shooting Star cargo module system to advance a family of cargo and service modules for on-orbit services. The collaboration combines the strength of Sierra Space’s advanced space technology expertise with Spirit AeroSystem’s renowned aerospace industrialization proficiencies.
“Through this long-term partnership, Sierra Space is delighted to begin work with Tom’s team at Spirit AeroSystems, widely recognized as leaders in the aerospace industry and aligned with our vision of an accessible and vibrant space economy,” said Sierra Space CEO, Tom Vice. “Working with Spirit Defense & Space, we will broaden access to tomorrow’s space economy; lowering the cost of entry and increasing the speed to market of Sierra Space’s Dream Chaser franchise. Together we will accelerate the commercialization of space.”
Vice continued, “Shooting Star is another innovative technological solution from Sierra Space for the new space economy, and with Spirit as a key partner, we are broadening accessibility to our offering and increasing efficiencies to accelerate more widespread adoption.”
Aiming to revolutionize commercial space missions to new destinations, this new partnership will leverage the combined strengths of Sierra Space and Spirit Defense & Space to design, fabricate, assemble, integrate and test affordable cargo modules for upcoming NASA missions and expand the versatility of variant designs in support of future Sierra Space cargo and service missions.
“We are very excited about the opportunity this partnership with Sierra Space represents. Spirit AeroSystems brings unparalleled value in terms of design for manufacturability and industrialization to help scale production rates on the Dream Chaser and its derivatives,” said Tom Gentile, President and CEO, Spirit AeroSystems. “We look forward to joining Sierra Space on its mission to create exciting breakthroughs that enable existing businesses, entrepreneurs, researchers and governments to empower humanity to enhance life on Earth. We are grateful to Senator Jerry Moran of Kansas, who assisted with connecting our two companies to make this partnership possible.”
Initially, the partnership intends to establish production efficiency and integrated assembly solutions for Sierra Space’s Shooting Star cargo module, supporting resupply missions to the International Space Station (ISS) under the NASA Commercial Resupply Services 2 (CRS-2) contract.
Sierra Space's Shooting Star is a 15-foot transport vehicle that attaches to the rear of the Dream Chaser® spaceplane. The module will carry up to 10,000 pounds of pressurized and unpressurized cargo, including critical science and provisions. Solar panels deliver six kilowatts of electrical power to the spacecraft, while six mounted thrusters provide Dream Chaser maneuverability.
In November 2021, Sierra Space secured $1.4 billion in capital, the largest Series A capital raise in 2021 and the industry’s second largest private capital raise in history. The Series A investment was led by General Atlantic, Coatue and Moore Strategic Ventures, with participation from funds and accounts managed by BlackRock Private Equity Partners and AE Industrial Partners. The funding is accelerating the development of the company’s space transportation systems – led by the Dream Chaser® spaceplane, in-space destinations for LEO commercialization, and advanced technologies and space applications.
Source: Spirit AeroSystems Inc.
Date: Jun 1, 2022
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