Sierra Space Fortifies Senior Management Team, Hires Troy Lahr as New Chief Financial Officer
Sierra Space, a leading commercial space
company today announced the appointment of Troy Lahr as Chief Financial Officer
(CFO). Lahr brings to Sierra Space more than three decades of proven leadership in
executing successful financial and investment strategies in both private and public
markets.
“We have assembled an exceptional leadership team focused on our strategy of
building the first commercial platform in space and providing the necessary national
security capabilities to ensure space is protected,” said Tom Vice, CEO, Sierra Space.
“Troy is a proven executive and brings unparalleled experience from both the aerospace
industry and investor community.”
“I am very proud to join Sierra Space at such a significant and pivotal time for the
company and the broader commercialization of space,” added Lahr. “Sierra Space
stands at the head of the emerging commercial space economy and I look forward to
joining a team with such a compelling and inspiring vision as we seek unlock space’s
great potential to benefit life on Earth.”
Prior to joining Sierra Space, Lahr served as Chief Financial Officer for Boeing’s
Defense, Space & Security business, and he spent 12 years as an award-winning
equity analyst researching the aerospace & defense industry. Lahr has also served on
United Launch Alliance’s board of directors. Lahr holds a bachelor’s degree from the
University of Maryland Baltimore County and a master’s degree in finance from Loyola
University.
Late last year, Sierra Space secured a $1.4 billion Series A capital raise, one of the
largest aerospace and defense capital raises globally in 2021. 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.
Sierra Space recently announced plans to hire nearly 1000 new employees and open
several new locations in Colorado, Florida and Wisconsin.
About Sierra Space
Sierra Space products and programs are working towards a more accessible space
economy. The company is rapidly advancing toward the launch of the world’s only
winged commercial spaceplane, the Dream Chaser®. As the next generation of space
transportation, the Dream Chaser will perform cargo supply and return missions for
NASA, set to begin in late 2022, delivering up to 12,000 pounds of cargo to the
International Space Station (ISS) at a time. The return journey will carry critical data,
generated by ISS researcher experiments, enabling earth-bound scientists to benefit
from much faster access to these unique results. Dream Chaser is a reusable
spaceplane, uniquely capable of a smooth 1.5 low-g re-entry for crew and cargo
transportation with the ability to land on existing commercial runways worldwide.
Sierra Space is the developer of the Large Integrated Flexible Environment (LIFETM)
Habitat, a modular, three-story commercial habitation and science platform. The unique
structure will provide opportunities for multiple businesses including manufacturing,
pharmaceuticals, and other sectors, to optimize zero gravity benefits. The LIFE Habitat
will be able to be deployed in low-Earth orbit, on the lunar surface, or lunar orbit, and as
a transport vehicle to Mars. Both Dream Chaser and LIFE Habitat will launch using
conventional rocket propulsion systems.
The Dream Chaser spaceplane and LIFE platform are central components of the joint
partnership Orbital Reef commercial space station and mixed-use business park being
developed in partnership with Blue Origin.
CONTACTS:
Alex Walker
Sierra Space
(303) 803-2297
alex.walker@sncorp.com
Eric Becker
ICR for Sierra Space
(303) 638-3469
sierraspace@icrinc.com
