The GP-5 Sweet Dreams was a Super Sport Class racing airplane designed by George Pereira, owner of Osprey Aircraft.

Backovich enlisted the help of designer Pereira to complete it in 2007, after changes to its automotive engine conversion, and switching the propeller manufacturer.

Sweet Dreams was entered in the Reno 2010 Sport class, but engine failure during practice runs resulted in the need to find a better engine/propeller/gearbox combination.

Eventually the GP-5 competed in the 2012 Sport-Gold class at Reno finishing fourth.

On 8 September 2014, during a qualifying heat at the 2014 Reno Air Races, pilot Lee Behel was killed when Sweet Dreams crashed due to an inflight wing failure.