Ball Aerospace Meeting Short Schedule on WorldView
September 02 2004 - 4:39PM
PR Newswire (US)
Ball Aerospace Meeting Short Schedule on WorldView BOULDER, Colo.,
Sept. 2 /PRNewswire/ -- Ball Aerospace & Technologies Corp. is
ahead of schedule to meet an aggressive timetable on the WorldView
satellite for delivery to its customer, DigitalGlobe. Following the
successful critical design review (CDR) in June, the optical bench
has been delivered and the Ball Aerospace team has completed
optical bench vibration tests. "The successful CDR was an important
milestone in the program for making progress on our schedule," said
Cary Ludtke, vice president and general manager for commercial
space operations. "We have an aggressive timetable that supports
satellite integration and instrument delivery by mid-2005. Getting
the optical bench through its first environmental test was another
important milestone in progressing on our aggressive schedule."
WorldView will implement the Ball Commercial Platform 5000 (BCP
5000) based on the highly successful Ball Commercial Platform 2000
(BCP 2000). Currently six BCP 2000 have been successfully deployed
or are in production, including the QuickBird satellite launched in
2001, which also teamed Ball and DigitalGlobe. Once launched,
WorldView will be the world's only half-meter resolution commercial
imaging satellite and will provide still higher resolution imaging
capability than QuickBird, currently the world's highest resolution
commercial Earth imaging satellite in operation. Ball Corporation
(NYSE:BLL) is a supplier of high-quality metal and plastic
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 the government and commercial markets.
Ball employs 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: Roz Brown, Public Affairs,
+1-303-939-6146, cell, +1-720-581-3135, or Sarah Hoyt,
+1-303-533-4945, both of Ball Aerospace & Technologies Corp.,
Web site: http://www.ballaerospace.com/
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