Ball Aerospace Awarded New Work as Part of National Air & Space Intelligence Center MASINT Contract
September 19 2005 - 7:02PM
PR Newswire (US)
BROOMFIELD, Colo., Sept. 19 /PRNewswire-FirstCall/ -- The National
Air & Space Intelligence Center (NASIC) has awarded Ball
Aerospace a $28 million task order to develop the Integrated
Overhead Non-imaging Infrared (ONIR) Tasking, Processing,
Exploitation, & Dissemination (TPED) System (IOTS) as part of
Ball's larger Measurement and Signature Intelligence (MASINT)
Exploitation contract. IOTS is an end-to-end integrated system for
ingesting, archiving, processing, analyzing, and reporting data
collected by current and future space-based infrared sensors.
Ball's IOTS developments will upgrade existing capabilities in the
field by giving the warfighter increased support and helping to
keep our troops safe. The IOTS program will be supported by the
Systems Engineering Solutions office in Dayton, OH. Customers
include NASIC, other members of the intelligence community, and
operational military units. "The IOTS effort presents many
technical and schedule challenges, but clearly demonstrates the
Government's confidence in Ball's leadership in MASINT, ONIR, and
systems engineering capabilities," said Steve Everding, who leads
the Ball Aerospace IOTS program team. "We are recognized as a
leader in the ONIR community and we understand that our superior
performance in leading the IOTS team is key to future larger
opportunities." Demonstrating strong leadership over this NASIC
task order will solidly position us for national level IOTS ONIR
programs," Everding added. The IOTS development effort is a
three-year effort that began May 25, 2005. Ball Aerospace will be
supported by Booz Allen & Hamilton, Inc., Command Technologies,
Inc. (CTI), a subsidiary of MTC Technologies, Inc. (MTC), Institute
for Scientific Research, Inc. (ISR), Northrop Grumman's Electronic
Systems sector, Northrop Grumman's Mission Systems sector, Oracle
Federal Systems (OFS), Raytheon Company (RTN), Science Applications
International Corp. (SAIC), and Technology Service Corp. (TSC).
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 13,500 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; failure to achieve anticipated productivity
improvements or production cost reductions, including those
associated with our beverage can end project; 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 tax, environmental and
workplace safety; governmental investigations; goodwill impairment;
antitrust and other litigation; strikes; boycotts; labor cost
changes; 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 CONTACT: Dave Beachley of Ball Aerospace,
+1-303-533-5089, Web site: http://www.ballaerospace.com/
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