Capital investment more than doubles spacecraft production to accommodate business growth and new programsBOULDER, Colo., Jan. 25, 2013 — (PRNewswire) — �Ball Aerospace & Technologies Corp. opened the door today on a new era of space programs by celebrating the completion of an advanced satellite manufacturing center that more than doubles current spacecraft production capability. The 90,000-square-foot expansion is designed to accommodate larger and more sophisticated satellites and simultaneous spacecraft builds to fulfill new NASA and the Department of Defense contracts for space-related assets.
The $75M capital investment includes expansion and improvements underway since 2005 at Ball's Fisher Integration Facility, 1600 Commerce Street, Boulder, Colo., and comes on the heels of the opening of expanded facilities at the company's manufacturing center in Westminster, Colo., in 2011.
"Ball Aerospace plays a vital role on many of our nation's most critical programs and is committed to meeting customer mission needs for decades to come," said David L. Taylor, Ball Aerospace president and CEO. "The expansion we proudly unveil today also affirms our commitment to growing Colorado's dynamic aerospace economy."
The larger aerospace manufacturing complex in Boulder includes a 60-percent increase in clean room space, state-of-the-art environmental testing systems, and build-out capacity for a larger thermal vacuum chamber to test spacecraft. These spacecraft include NASA's Joint Polar Satellite System, the WorldView-3 remote-sensing satellite for DigitalGlobe, the Sentinel Mission for the B612 Foundation and multiple Department of Defense and national security missions. The new facilities enable Ball to provide the full range of manufacturing, assembly, integration and test capabilities needed to be the industry's go-to partner for high-performance satellites and instruments.
Ball Aerospace has more than 2,800 employees and reported sales of $784 million in 2011. In the past five decades, the company's strength has grown in several areas, including space science and exploration; space-based monitoring of the Earth's weather and environment; intelligence, surveillance and reconnaissance; supporting the military in creating an integrated battlespace; and building space superiority for the nation. Ball is also a leading provider of commercial remote-sensing satellites.
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 employs approximately 15,000 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.
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.
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