Ball Aerospace & Technologies Corp. Obtains SEI SW-CMM Level 3 Rating for Software Development Capabilities
June 16, 2005
Ball Aerospace & Technologies Corp. has received a Software Engineering Institute (SEI) Software Capability Maturity Model® (SW-CMM) Level 3 rating for its software development capabilities. This rating is a major milestone for Ball Aerospace in its software process improvement program and demonstrates Ball's commitment to continuous improvement. This also affirms a consistent and unified approach in all areas of software development life cycle, including engineering, project management, and support activities.
"Achieving this milestone attests to the commitment Ball Aerospace has made to continuous improvement," said Software Engineering Department Manager Raymond Cooper.
The Software Engineering Institute (SEI) is a federally funded research and development center sponsored by the U.S. Department of Defense SEI's objective is to provide leadership in software engineering and in the transition of new software engineering technology into practice. The Carnegie Mellon SEI SW-CMM® is a model for judging the maturity of software processes within an organization and for identifying the key practices that are required to ensure disciplined software development. The model defines five steps of process development with level five being the highest achievement.
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 same 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 our Web site and at www.sec.gov. Factors that might affect our packaging segments include fluctuation in consumer and customer demand; availability and cost of raw materials, particularly the 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; 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; changes in major customer or supplier contracts or loss of a major customer or supplier; international business risks, including foreign exchange rates, tax rates and activities of foreign subsidiaries; and the effect of LIFO accounting on earnings. Factors that might affect 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: acquisitions, joint ventures or divestitures; regulatory action or laws including environmental and workplace safety; governmental investigations; goodwill impairment; antitrust and other litigation; strikes; boycotts; increases in employee benefits and labor costs; rates of return projected and earned on assets of the company's defined benefit retirement plans; reduced cash flow; interest rates affecting our debt; and changes to unaudited results due to statutory audits or management's evaluation of the company's internal control over financial reporting.
SOURCE: Ball Aerospace & Technologies Corp.
CONTACT: Dave Beachley of Ball Aerospace & Technologies Corp.,
Web site: http://www.ballaerospace.com/