Ball Aerospace Wins $42M U.S. Air Force Laser Research Contract
March 05 2008 - 8:03AM
PR Newswire (US)
ALBUQUERQUE, N.M., March 5 /PRNewswire-FirstCall/ -- Ball Aerospace
& Technologies Corp. has been awarded a $42M indefinite
delivery/indefinite quantity (ID/IQ) research and development
contract to conduct laser effects research for the Air Force
Research Laboratory (AFRL). The contract will support the AFRL's
Directed Energy Directorate located at New Mexico's Kirtland Air
Force Base. "We are pleased that the AFRL has selected Ball
Aerospace to support its critical laser development and evaluation
research efforts," said Jeff Osterkamp, vice president and general
manager for Ball Aerospace's National Defense Solutions business
unit. "This is yet another opportunity to help mature and enhance
the AFRL's laser technology capabilities that protect our national
security." Under the five-year contract, Ball Aerospace will
conduct analytical modeling and experimental studies to predict the
effects of lasers on missiles. These studies provide signature
information associated with materials, components and systems. 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. For more than
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 products 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 2007 sales of $7.4 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
product 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;
competitive activity; failure to achieve anticipated productivity
improvements or production cost reductions, including our beverage
can end project; 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; changes in senior
management; 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