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BALL CRP : Ball Aerospace Completes STPSat-2 Satellite Pre-Shipment Review

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10/13/2009 | 08:05am EDT

BOULDER, Colo., Oct. 13 /PRNewswire-FirstCall/ -- Ball Aerospace & Technologies Corp. has successfully completed a comprehensive pre-shipment review for STPSat-2, the first spacecraft for the Department of Defense (DoD) Space Test Program Standard Interface Vehicle (STP-SIV) program. Launch of the vehicle is scheduled for the second quarter of 2010 on a Minotaur IV rocket from Alaska's Kodiak Launch Complex.

(Photo: http://www.newscom.com/cgi-bin/prnh/20091013/LA91264)

The pre-shipment review was completed on Sept. 17, following assembly and performance testing of the standard vehicle and standard payload interface which is designed to accelerate the DoD's space technology efforts. The testing also included functional and environmental testing of the STPSat-2 payload suite, which is comprised of the Air Force Research Laboratory's Space Phenomenology Experiment and ONR's Ocean Data Telemetry Microsat Link.

"Completion of the first STP vehicle is a tremendous achievement toward the goal of increasing access to space for future DoD payloads," said David L. Taylor, Ball Aerospace president and CEO. "Ball Aerospace is confident the repeatable design used for STP-SIV program will help pave the way for reducing cost, schedule and risk on DoD missions."

STP-SIV is capable of supporting a variety of experimental and risk reduction payloads and multiple launch vehicles. Using flight-proven hardware for the spacecraft (and developmental hardware only on the experimental payloads), each bus can accommodate up to four independent payloads, each one having its own separate power and data interface. Ball Aerospace has already begun production on the second STP-SIV, designated STPSat-3, following a contract award from the Air Force Space Development & Test Wing Space Development Group at Kirtland Air Force Base, Albuquerque, N.M., earlier this year.

Ball Aerospace & Technologies Corp. 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.

Ball Corporation (NYSE: BLL) is a supplier of high-quality metal and plastic 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 2008 sales of approximately $7.6 billion.

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 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, including our beverage can end project; 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; changes in senior management; the current global credit squeeze and its effects on liquidity, credit risk, asset values and the economy; successful or unsuccessful acquisitions, joint ventures or divestitures; integration of recently acquired businesses; regulatory action or laws including tax, environmental, health and workplace safety, including in respect of 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; 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.


© PRNewswire 2009
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