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The spinoff of Sierra Nevada Corporation’s space business into Sierra Space takes effect in June 2021.
Sierra Nevada Corporation produced two ads promoting its new Sierra Space spinoff, one 15 seconds long and the other 30 seconds long.
Sierra Nevada Corporation announced on 2021-04-14 that it would spin off its space division into a stand-alone company, Sierra Space.
The Sierra Space ads include the Sierra Space logo and the line "Launched by Sierra Nevada Corporation June 2021."
Sierra Space anticipates revenues exceeding $4,000,000,000 within the decade.
Sierra Space begins operations with more than $3,000,000,000 in active contracts.
Sierra Space will take advantage of synergies from Sierra Nevada Corporation’s broad customer base and industry-leading space technology.
Sierra Nevada Corporation will spin off its Space Systems division into a separate company called Sierra Space while Sierra Space will remain a subsidiary of Sierra Nevada Corporation.
Eren Ozmen indicated the transition of SNC’s space business to Sierra Space will take several months to complete.