Ball Aerospace Completes Successful IOTS Increment 2 In-Process Review
August 16 2007 - 12:32PM
PR Newswire (US)
DAYTON, Ohio, Aug. 16 /PRNewswire-FirstCall/ -- Ball Aerospace
& Technologies Corp. has successfully completed the Increment 2
In-Process Review (IPR-2) for the Integrated Overhead Non-Imaging
Infrared (ONIR) Tasking, Processing, Exploitation and Dissemination
(TPED) System (IOTS) development effort. IOTS is a program of the
National Air and Space Intelligence Center (NASIC) that will
provide capabilities to process and exploit existing and future
ONIR sensor data. It is an end-to-end integrated system for
ingesting, archiving, processing, analyzing, and reporting data
collected by current and future space-based infrared sensors. The
IPR-2 milestone included a demonstration of the end-to-end
functionality of the IOTS within the Ball Aerospace Dayton, Ohio
facility, with a focus on subsystem interface validation.
Representatives from the National Air & Space Intelligence
Center (NASIC), the National Geospatial-Intelligence Agency (NGA),
the Aerospace Corporation, and Riverside Research Institute
concluded that the IPR-2 was successful. The three-year IOTS
development effort began May 25, 2005. Ball Aerospace is supported
by Booz Allen & Hamilton, Inc., Command Technologies, Inc.
(CTI), a subsidiary of MTC Technologies, Inc. (MTC), Northrop
Grumman's Electronic Systems sector, Oracle Federal Systems (OFS),
Raytheon Company (RTN), Structural Computing LLC, and Science
Applications International Corp. (SAIC). Ball Aerospace &
Technologies Corp. 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 acts as a technology
innovator for the aerospace market. Ball Corporation (NYSE:BLL) is
a supplier of high-quality metal and plastic packaging products for
beverage, food and household customers, and of aerospace and other
technologies and services, primarily for the U.S. government. Ball
Corporation and its subsidiaries employ more than 15,500 people
worldwide and reported 2006 sales of $6.6 billion. 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/
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