- Associated Press - Wednesday, September 24, 2014

DENVER (AP) - Sierra Nevada Corp.’s Space Systems division has laid off about 90 employees from its Dream Chaser program after losing a high-profile NASA contract bid.

The Louisville-based division lost out on a NASA contract for the Dream Chaser, which would have shuttled astronauts to the International Space Station. The $6.8 billion contract was instead split between Boeing and SpaceX.

Space Systems chief Mark Sirangelo tells The Denver Post (http://dpo.st/1uHWI1Q ) many of those let go had been hired in anticipation of the NASA contract. The layoffs represent a 9.4 percent reduction in Space Systems’ Colorado workforce.

Sirangelo says Space Systems intends to bid on upcoming NASA contracts.

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Information from: The Denver Post, http://www.denverpost.com

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