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Ball Aerospace Awarded $3.8M L-Band SAR Contract

April 11, 2007

BOULDER, CO – Ball Aerospace & Technologies Corp. has been awarded a $3.8-million contract from the Office of Force Transformation, and the Naval Research Laboratory (OFT/NRL) for a Payload Development Initiative to develop an L-Band Synthetic Aperture Radar (SAR).

The Ball Aerospace contract was one of 14 awarded by OFT/NRL, and is part of a larger $17-million effort to spur the development of operationally responsive space payload technologies.

The L-Band SAR award is for a technology development program leading to possible applications on Tactical Satellite (TacSat)-type platforms. TacSat is a series of experimental satellites designed to demonstrate low-cost, quick-reaction space capabilities that are highly responsive to the needs of tactical military commanders. Each of the 14 technologies will be evaluated over the next 12 months, and based on performance, incorporated into a future TacSat.

“Ball Aerospace has provided the antenna subsystems for all of NASA’s spaceborne Synthetic Aperture Radar missions, from SEASAT in 1975, to STRM in 2000,” said David L. Taylor, president and chief executive officer of Ball Aerospace. “We are one of the largest antenna designers and producers in the world and have extensive expertise in development of one-of-a-kind SAR antennas.”

The OFT was established in 2001 to support the transformation of U.S. military capabilities. The NRL is the corporate research laboratory for the U.S. Navy and Marine Corps and conducts a broad program of scientific research and advanced development.

Ball Aerospace 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 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..

 

 

 

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