Ball Aerospace Divides Growing Defense Business Unit, Names New Leadership
July 31 2006 - 12:30PM
PR Newswire (US)
BROOMFIELD, Colo., July 31 /PRNewswire-FirstCall/ -- Ball Aerospace
& Technologies Corp. has divided its defense operations
organization unit into two separate business units to provide
enhanced customer focus and to position the company for future
opportunities. Ball Aerospace has leveraged its core technologies
and capabilities into unprecedented business growth in all market
segments over the past five years. To refine the company's
structure and further drive that success, two new business units
have been established: * National Defense Solutions is a new
business unit led by Fred Doyle, formerly vice president, special
programs. This organization combines the company's space hardware
capabilities and systems engineering expertise to provide focused
solutions for nationally significant intelligence, surveillance and
reconnaissance (ISR) and space superiority missions. (Photo:
http://www.newscom.com/cgi-bin/prnh/20060731/LAM060-b) * The
Advanced Technologies & Products business unit led by Drew
Crouch, formerly vice president, corporate strategy, relations and
administration, focuses the company's core technology and product
capabilities into one organization serving civil, commercial and
national security program needs. Ball Aerospace is an industry
leader in laser applications, satellite navigation, cryogenics,
thermal management, acquisition, pointing and tracking, conformal
antennas and communication subsystems for space, air, sea and
ground platforms. This business unit will strengthen the company's
merchant supplier position in the aerospace market. (Photo:
http://www.newscom.com/cgi-bin/prnh/20060731/LAM060-a) "Over the
past 50 years, Ball Aerospace has enabled many of the nation's most
technically challenging missions and dramatic scientific
discoveries," said David L. Taylor, president and CEO. "In fact,
our sales have nearly doubled in five years. This announcement
demonstrates the additional commitment we are devoting to programs
of national importance," Taylor concluded. Fred Doyle joined Ball
Aerospace in 2005 as vice president of special programs. He
continues to oversee these programs. Prior to joining Ball
Aerospace, Doyle held various executive-level positions at Space
Imaging and spent 20 years in government service with the Defense
Mapping Agency, the Central Intelligence Agency (CIA), and the
National Reconnaissance Office (NRO). He holds a master's degree in
photogrammetry from Purdue University and a bachelor's degree in
civil engineering from Virginia Tech. Drew Crouch has held a number
of executive, managerial and technical positions at Ball Aerospace
during his 13-year tenure with the company. He led strategic
development and corporate relations and supported key operational
and financial performance activities during the company's recent
five-year period of unprecedented growth. In addition to his
experience at Ball Aerospace, Crouch served in executive leadership
positions in several venture-funded development stage technology
companies and a privately funded venture finance firm. He holds
B.S. and M.S. degrees in Mechanical Engineering from Colorado State
University. Ball Aerospace is celebrating 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 for
important national missions. Ball Corporation (NYSE:BLL) is a
supplier of high-quality metal and plastic packaging products and
owns Ball Aerospace & Technologies Corp. Ball reported 2005
sales of $5.8 billion and employs 15,600 people. Forward-Looking
Statements This news release contains "forward-looking" statements
concerning future events and financial performance. Words such as
"expects," "anticipates," "estimates" 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;
integration of recently acquired businesses; 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; changes to the company's pension plans; reduced cash flow;
interest rates affecting our debt; and changes to unaudited results
due to statutory audits or other effects.
http://www.newscom.com/cgi-bin/prnh/20060731/LAM060-b
http://www.newscom.com/cgi-bin/prnh/20060731/LAM060-a
http://photoarchive.ap.org/ DATASOURCE: Ball Aerospace &
Technologies Corp. CONTACT: Sarah Sloan of Ball Aerospace &
Technologies Corp., +1-303-533-4945,
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