Ball Aerospace Selects Bill Townsend to Lead Civil Space Systems
August 09 2004 - 7:33PM
PR Newswire (US)
Ball Aerospace Selects Bill Townsend to Lead Civil Space Systems
NASA Veteran Served as Deputy Director of NASA's Goddard Space
Flight Center BROOMFIELD, Colo., Aug. 9 /PRNewswire/ -- Ball
Aerospace & Technologies Corp. has named William F. Townsend as
vice president and general manager of civil space systems. Townsend
will guide the corporation's NASA and NOAA programs to successful
delivery. Ball Aerospace currently has many missions in various
stages of completion including Deep Impact, Cloudsat, CALIPSO,
HiRISE, Kepler and the optical subsystem for the James Webb Space
Telescope. "We are thrilled that Bill Townsend has chosen Ball
Aerospace for the next chapter in his notable career," said David
L. Taylor, president and CEO of Ball Aerospace & Technologies
Corp. "His proven track record at successfully executing complex
programs strengthens our ability to deliver outstanding space
systems to our customers. He will work to ensure that the
spacecraft and instruments we deliver to NASA and NOAA meet mission
cost, schedule and quality requirements," Taylor added. Prior to
joining Ball Aerospace, Townsend had a distinguished 40-year career
with NASA, most recently at Goddard Space Flight Center. At
Goddard, he shared responsibility for executive leadership and
management of the Center and all its programs as Deputy Director.
Prior to that position, Townsend served as Deputy Associate
Administrator (Programs) for the NASA's Office of Earth Science,
where he directed earth science flight programs. He was also acting
Associate Administrator for the Earth Science Enterprise. He was
responsible for numerous successful programs during his NASA
career, including the SeaSat Radar Altimeter and TOPEX/Poseidon
missions. In total, Townsend has been associated with 59 missions.
Townsend's accomplishments have been recognized with numerous
awards including the NASA Distinguished Service Medal, the
Presidential Rank Award of Meritorious Executive, the NASA
Exceptional Service Medal and the French Space Agency's Bronze
Medal. Townsend holds an electrical engineering degree with honors
from Virginia Polytechnic Institute. Ball Aerospace conducts
domestic and international business in the defense, civil and
commercial space arenas, providing best value and innovative
solutions. The company supports national policy-makers, the
military services, NASA and other U.S. Government agencies, as well
as numerous aerospace industry companies. Ball Corporation
(NYSE:BLL) is a leading supplier of high-quality packaging products
and innovative packaging solutions to the beverage and food
industries. The company also owns Ball Aerospace & Technologies
Corp., which develops sensors, spacecraft, systems and components
for government and commercial markets. Ball employs approximately
12,600 people worldwide and reported 2003 sales of $4.9 billion.
The information in this news release contains "forward-looking"
statements and other statements concerning future events and
financial performance. Words such as "expects," "anticipates,"
"estimates," and variations of such words and similar expressions
are intended to identify forward-looking statements.
Forward-looking 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 the company's filings
with the Securities and Exchange Commission, especially in Exhibit
99.2 in the most recent Form 10-K. These filings are available at
the company's website and at http://www.sec.gov/. Factors that
might affect the packaging segments of the company include
fluctuation in consumer and customer demand; competitive packaging
material availability, pricing and substitution; changes in climate
and weather; fruit, vegetable and fishing yields; industry
productive capacity and competitive activity; lack of productivity
improvement or production cost reductions; the German mandatory
deposit or other restrictive packaging laws; availability and cost
of raw materials, such as resin, steel and aluminum, and the
ability to pass on to customers changes in these costs; changes in
major customer contracts or the loss of a major customer;
international business risks, such as foreign exchange rates and
tax rates; and the effect of LIFO accounting on earnings. Factors
that might affect the aerospace segment include: funding,
authorization and availability of government contracts and the
nature and continuation of those contracts; and technical
uncertainty associated with segment contracts. Factors that could
affect the company as a whole include those listed plus: successful
and unsuccessful acquisitions, joint ventures or divestitures and
associated integration activities; regulatory action or laws
including environmental and workplace safety; goodwill impairment;
antitrust and other litigation; strikes; boycotts; increases in
various employee benefits and labor costs; rates of return
projected and earned on assets of the company's defined benefit
retirement plans; reduced cash flow; and interest rates affecting
our debt. DATASOURCE: Ball Aerospace & Technologies Corp.
CONTACT: Sarah Hoyt of Ball Aerospace & Technologies Corp.,
+1-303-533-4945, 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