Ball Aerospace Wins Space Test Satellite Contract
March 31 2006 - 8:02PM
PR Newswire (US)
BOULDER, Colo., March 31 /PRNewswire-FirstCall/ -- Ball Aerospace
& Technologies Corp. has been selected as the prime contractor
by the United States Air Force Space and Missile Systems Center for
the Space Test Program's Standard Interface Vehicle (STP-SIV). The
goal of the STP-SIV program is to increase the flexibility and
reduce the cost of small satellites, complementing similar efforts
underway with small launch vehicles. Ball Aerospace, with teammates
AeroAstro, Inc., and Broad Reach Engineering, will build a small
spacecraft with a non-proprietary standardized
payload-to-experiment interface. The first space vehicle contract
is valued at $26M, with options for up to five additional
spacecraft. The Space Test Program, managed by the Space &
Missile Center, Detachment 12, at Kirtland Air Force Base in New
Mexico, has launched over 400 space technology experiments in the
past 40 years. "It is a privilege to be a part of this important
and long standing program and we look forward to contributing to
the continued success of the Space Test Program," said Ball
Aerospace President and CEO, David L. Taylor. Ball Aerospace
celebrates its 50th year in business in 2006. The company began
building pointing controls for military rockets in 1956, and later
won a contract to build one of NASA's first spacecraft, the
Orbiting Solar Observatory. Over the years, the company has been
responsible for numerous technological and scientific 'firsts' and
now acts as a technology innovator in important national missions.
Ball Corporation (NYSE:BLL) is a supplier of high-quality metal and
plastic packaging products and owns Ball Aerospace &
Technologies Corp., which develops sensors, spacecraft, systems and
components for government and commercial customers. Ball reported
2005 sales of $5.8 billion and the company employs 13,100 people
worldwide. Forward-Looking Statements This news release contains
"forward-looking" 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. Such 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 filings
with the Securities and Exchange Commission, including in Exhibit
99.2 in our 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 and
preferences; availability and cost of raw materials, including
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; changes in
foreign exchange rates, tax rates and activities of foreign
subsidiaries; and the effect of LIFO accounting. Factors that might
affect our aerospace segment include: funding, authorization,
availability and returns of government contracts; and delays,
extensions and technical uncertainties affecting segment contracts.
Factors that might 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; technological
developments and innovations; goodwill impairment; antitrust,
patent and other litigation; strikes; 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 other effects. DATASOURCE: Ball Aerospace &
Technologies Corp. CONTACT: Roz Brown of Ball Aerospace &
Technologies Corp., +1-303-939-6146,
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