Ball Corp (BALL)

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Ball Aerospace's STPSat-2 Completes Experimental Mission
Ball (NYSE:BLL)
Today : Friday 13 April 2012
Ball Aerospace's STPSat-2 Completes Experimental Mission
BOULDER, Colo., April 13, 2012 /PRNewswire/ -- Ball Aerospace & Technologies Corp. will provide an additional year of support for the STPSat-2 spacecraft, following completion of the initial experimental mission requirements that ended successfully on Jan. 31, 2012.
The STPSat series of satellites successfully prove the concept of standard interface vehicles for the U.S. Air Force Space and Missile Systems Center, Space Development & Test Directorate (SMC/SD). The operational mission for STPSat-2, which launched on Nov. 19, 2010, has been extended for an additional year. Under contract to the SD at Kirtland Air Force Base, Ball Aerospace will continue to provide space vehicle support to the satellite through Feb. 1, 2013.
The STPSat-2 spacecraft provides a standard interface, which is able to support a variety of experimental and risk reduction payloads at different low-Earth orbits and is compatible with multiple launch vehicles. The flight-proven Ball Configurable Platform 100 (BCP-100) standard interface bus can accommodate up to four independent payloads with separate power and data interfaces.
"The STPSat-2 provides the affordable and resilient space capability the Air Force is looking for," said David L. Taylor, Ball Aerospace president and CEO. "Following a flawless first year on-orbit, this game-changing spacecraft has proven to be an outstanding collaboration between Ball and the Air Force."
The three payloads aboard STPSat-2 continue to operate nominally. STPSat-3, an identical spacecraft to STPSat-2 Ball Aerospace is now complete. STPSat-3 is expected to launch in 2013 aboard a Minotaur I.
Ball Aerospace & Technologies Corp. supports critical missions for 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 information visit www.ballaerospace.com.
Ball Corporation (NYSE: BLL) is a supplier of high quality packaging 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 14,500 people worldwide and reported 2011 sales of more than $8.6 billion. For the latest Ball news and for other company information, please visit http://www.ball.com.
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 on our website and at www.sec.gov. Factors that might affect our packaging segments include fluctuation in product demand and preferences; availability and cost of raw materials; 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; mandatory deposit or other restrictive packaging laws; changes in major customer or supplier contracts or loss of a major customer or supplier; political instability and sanctions; and changes in foreign exchange rates or tax rates. 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; the recent global recession and its effects on liquidity, credit risk, asset values and the economy; successful or unsuccessful acquisitions; regulatory action or laws including tax, environmental, health and workplace safety, including U.S. FDA and other actions affecting products filled in our containers, or chemicals or substances used in raw materials or in the manufacturing process; 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; uncertainties surrounding the U.S. government budget and debt limit; reduced cash flow; interest rates affecting our debt; and changes to unaudited results due to statutory audits or other effects.
SOURCE Ball Aerospace & Technologies Corp.