Ball Aerospace Delivers CloudSat Spacecraft for Launch Later This Year
May 16, 2005
Ball Aerospace & Technologies Corp. has successfully delivered the CloudSat weather and climate spacecraft to Vandenberg Air Force Base, California, for a launch later this year. CloudSat is part of the multi-satellite, multi-sensor NASA experiment designed to reveal the inner secrets of clouds and improve weather forecasts and climate predictions.
Ball Aerospace built the CloudSat spacecraft under contract to NASA's Jet Propulsion Laboratory (JPL), which included testing and integrating the payload, as part of NASA's Earth System Science Pathfinder (ESSP) program. The ESSP program fosters innovative, low-cost earth observation missions designed to study the Earth as a global environmental system.
Ball Aerospace will also support CloudSat launch operations and initial on-orbit commissioning. The spacecraft is scheduled to be launched jointly with its Cloud-Aerosol Lidar and Infrared Pathfinder Satellite Observation (CALIPSO) sister satellite. Ball Aerospace also built CALIPSO's lidar and wide field camera.
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.,