Ball Aerospace Opens Huntsville Office
February 21 2007 - 3:19PM
PR Newswire (US)
HUNTSVILLE, Ala., Feb. 21 /PRNewswire-FirstCall/ -- Ball Aerospace
& Technologies Corp. has opened an office here to anchor its
pursuit of the Instrument Unit contract for the Ares I launch
vehicle, as well as strengthen the company's ongoing NASA and
defense programs. "Huntsville has long been home to an important
customer base for Ball Aerospace, dating back to the Skylab program
of the early 1970s," said David L. Taylor, president and chief
executive officer of Ball Aerospace. "Between NASA's Marshall Space
Flight Center, and the Army's Redstone Arsenal, our technologies
have contributed to numerous programs and accomplishments. As the
Huntsville area continues to grow in importance, it makes sense for
us to be closer to our customers in the region." Ball Aerospace is
pursing a contract to provide integration and production support to
NASA for the Ares I Instrument Unit. The Ares I launch vehicle will
launch the Orion Crew Vehicle, the spacecraft currently being
designed to replace the space shuttle after its retirement in 2010.
Ares I, and the follow-on Ares V vehicle, are key elements of
NASA's return to the moon. The company is lead mission integrator
for Discovery missions such as Deep Impact and Kepler. Ball
Aerospace also provides key defense technologies such as pointing,
acquisition and tracking for missile defense, sensor systems, and
engineering support services for the U.S. military. Ball is a key
RF antenna provider for a broad variety of army missile programs,
and supports U.S. Army aviation with critical mission enhancements
that include delivery of more than 600 silicon vidicon cameras and
an upgraded solid-state replacement camera. Ball Aerospace is also
under contract to build phased arrays for Northrop Grumman Mission
Systems. Ball Aerospace has approximately $24 million in business
in the Huntsville area with suppliers that include: Axsys
Technologies, Inc., AZ Technology, SEA Wire & Cable Inc,
Technical Micronics Control, and the University of Alabama,
Huntsville, and many others. These suppliers work with Ball
Aerospace on such programs as Kepler, as well as the James Webb
Space Telescope, the Hubble Space Telescope 2008 servicing mission,
and the National Polar-Orbiting Operational Environmental Satellite
System. Ball Aerospace (NYSE:BLL) supports critical missions of
important national agencies such as the Department of Defense,
NASA, NOAA and other U.S. government and commercial entities. The
company develops and manufactures spacecraft, advanced instruments
and sensors, components, data exploitation systems and RF solutions
for strategic, tactical and scientific applications. Over the past
50 years, Ball Aerospace has been responsible for numerous
technological and scientific "firsts" and now acts as a technology
innovator for the aerospace market. Ball Corporation is a supplier
of high-quality metal and plastic packaging products and owns Ball
Aerospace & Technologies Corp. Ball reported 2006 sales of $6.6
billion and employs 15,500 people. Forward-Looking Statements This
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 Exhibit 99.2
in our Form 10-K, which 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; crop 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; and changes in foreign exchange rates, tax rates and
activities of foreign subsidiaries. Factors that might affect our
aerospace segment include: funding, authorization, availability and
returns of government and commercial contracts; and delays,
extensions and technical uncertainties affecting segment contracts.
Factors that might affect the company as a whole include those
listed plus: accounting changes; successful or unsuccessful
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;
pension changes; 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.,
+1-303-533-6059, Web site: http://www.ballaerospace.com/
Copyright
Ball (NYSE:BLL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ball (NYSE:BLL)
Historical Stock Chart
From Jul 2023 to Jul 2024