Ball Aerospace Delivers CloudSat Spacecraft for Launch Later This Year
May 16 2005 - 12:44PM
PR Newswire (US)
Ball Aerospace Delivers CloudSat Spacecraft for Launch Later This
Year BOULDER, Colo., May 16 /PRNewswire-FirstCall/ -- Ball
Aerospace & Technologies Corp. has successfully delivered the
CloudSat weather and climate spacecraft to Vandenberg Air Force
Base, California, for a launch later this year. CloudSat is part of
the multi-satellite, multi-sensor NASA experiment designed to
reveal the inner secrets of clouds and improve weather forecasts
and climate predictions. Ball Aerospace built the CloudSat
spacecraft under contract to NASA's Jet Propulsion Laboratory
(JPL), which included testing and integrating the payload, as part
of NASA's Earth System Science Pathfinder (ESSP) program. The ESSP
program fosters innovative, low-cost earth observation missions
designed to study the Earth as a global environmental system. Ball
Aerospace will also support CloudSat launch operations and initial
on-orbit commissioning. The spacecraft is scheduled to be launched
jointly with its Cloud-Aerosol Lidar and Infrared Pathfinder
Satellite Observation (CALIPSO) sister satellite. Ball Aerospace
also built CALIPSO's lidar and wide field camera. Ball Corporation
(NYSE:BLL) is a supplier of metal and plastic packaging products,
primarily for the beverage and food industries. The company also
owns Ball Aerospace & Technologies Corp., which develops
sensors, spacecraft, systems and components for government and
commercial markets. Ball Corporation employs more than 13,200
people and reported 2004 sales of $5.4 billion. Forward-Looking
Statements The information in this news release contains
"forward-looking" statements and other statements concerning future
events and financial performance. Words such as "expects,"
"anticipates," "estimates," and variations of same and similar
expressions are intended to identify forward-looking statements.
Forward-looking statements are subject to risks and uncertainties
which could cause actual results to differ materially from those
expressed or implied. The company undertakes no obligation to
publicly update or revise any forward- looking statements, whether
as a result of new information, future events or otherwise. Key
risks and uncertainties are summarized in the company's filings
with the Securities and Exchange Commission, especially in Exhibit
99.2 in the most recent Form 10-K. These filings are available at
our Web site and at http://www.sec.gov/. Factors that might affect
our packaging segments include fluctuation in consumer and customer
demand; availability and cost of raw materials, particularly the
recent significant increases in resin, steel, aluminum and energy
costs, and the ability to pass such increases on to customers;
competitive packaging availability, pricing and substitution;
changes in climate and weather; fruit, vegetable and fishing
yields; industry productive capacity and competitive activity; lack
of productivity improvement or production cost reductions; the
German mandatory deposit or other restrictive packaging laws;
changes in major customer or supplier contracts or loss of a major
customer or supplier; international business risks, including
foreign exchange rates, tax rates and activities of foreign
subsidiaries; and the effect of LIFO accounting on earnings.
Factors that might affect aerospace segment include: funding,
authorization and availability of government contracts and the
nature and continuation of those contracts; and technical
uncertainty associated with segment contracts. Factors that could
affect the company as a whole include those listed plus:
acquisitions, joint ventures or divestitures; regulatory action or
laws including environmental and workplace safety; governmental
investigations; goodwill impairment; antitrust and other
litigation; strikes; boycotts; increases in employee benefits and
labor costs; rates of return projected and earned on assets of the
company's defined benefit retirement plans; reduced cash flow;
interest rates affecting our debt; and changes to unaudited results
due to statutory audits or management's evaluation of the company's
internal control over financial reporting. DATASOURCE: Ball
Aerospace & Technologies Corp. CONTACT: Dave Beachley of Ball
Aerospace & Technologies Corp., +1-303-533-5089,
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