Ball Aerospace Joins Boeing Team in Competition for New NOAA Weather System
May 24 2005 - 10:00AM
PR Newswire (US)
Ball Aerospace Joins Boeing Team in Competition for New NOAA
Weather System BOULDER, Colo., May 24 /PRNewswire-FirstCall/ --
Ball Aerospace & Technologies Corp. has joined an elite team
led by The Boeing Company in a competitive bid for the
next-generation geostationary weather and environment system for
the National Oceanic and Atmospheric Administration (NOAA). The
Geostationary Operational Environmental Satellite system, known as
GOES-R, is the evolution of NOAA's geostationary satellite-based
weather capability. The Boeing GOES-R team submitted its proposal
on May 10. Ball Aerospace, with its deep industry experience in
spaceborne remote sensing instruments, is tasked to lead the
Payload Instrument Accommodation, which includes delivering the
integrated and tested payload suite. Ball is currently under
contract to provide the integrated NPOESS Preparatory Project (NPP)
spacecraft and four integrated NPOESS instruments. According to
President and CEO Dave Taylor, "Ball's extensive experience in
designing and building spacecraft and remote sensing instruments,
plus our instrument integration work such as NPP, strongly
compliment the Boeing team." The GOES satellite family is the
backbone of U.S. weather forecasting, environmental remote sensing
and climate prediction. GOES spacecraft help meteorologists observe
and predict local weather events, including thunderstorms,
tornadoes, fog, flash floods, and other severe weather. In
addition, GOES observations have proven helpful in monitoring dust
storms, volcanic eruptions, and forest fires. Instruments and
subsystems for environmental satellites are a traditionally strong
line of business for Ball Aerospace. Some of these include the
Color Zone Color Scanner (CZCS), three generations of Solar
Backscatter Ultraviolet (SBUV/2) Radiometers and three generations
of Stratospheric Aerosol & Gas Experiments (SAGE). Ball
Aerospace also led the instrument integrations on both the QuikSCAT
and ICESat earth science spacecraft. Ball Aerospace joins Harris
Corp., Atmospheric and Environmental Research, Inc. and Carr
Astronautics on the Boeing team. 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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