U.S. Air Force Selects Ball Aerospace as Prime Contractor for LEOSS
September 14 2006 - 10:58AM
PR Newswire (US)
BOULDER, Colo., Sept. 14 /PRNewswire-FirstCall/ -- Ball Aerospace
& Technologies Corp. has been selected for phase A of the
Lightweight Electro-Optical Space Sensor (LEOSS) program as prime
contractor by the United States Air Force Research Laboratory,
Kirtland Air Force Base, Albuquerque, N.M. Ball Aerospace will
study the utility of lightweight electro-optical technology and
data products for search, acquisition, tracking, and
characterization of resident space objects. The LEOSS program will
serve as a pathfinder for future Department of Defense
geosynchronous space situational awareness sensors. Subsequent
phases of the program may include a flight demonstration. Broad
Reach Engineering will provide Ball Aerospace with the electronics
for the LEOSS program. "Ball Aerospace maintains an active research
and development capability in the application of advanced
lightweight materials," said Fred Doyle, vice president and general
manager of Ball Aerospace, National Defense Solutions. "We will
also apply our space situational awareness experience from the
Space-Based Space Surveillance program, and space electro-optical
payload experience to this critical technology demonstration
program." The development of systems to collect resident space
object information ensures safe operations in space. The LEOSS
demonstration program represents Ball Aerospace's commitment to
provide advanced technology systems that include precision optics
and electro-optical systems for aerospace and defense applications.
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. DATASOURCE: Ball
Aerospace & Technologies Corp. CONTACT: Roz Brown of Ball
Aerospace & Technologies Corp., +1-303-939-6146, Web site:
http://www.ballaerospace.com/
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