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TheStreet Open House

Ball Aerospace Leads Green Propellant Technology Demonstration Mission For NASA

BOULDER, Colo., Aug. 21, 2012 /PRNewswire/ -- Ball Aerospace & Technologies Corp. has been awarded a contract from NASA to lead a government-industry team in the demonstration of an alternative fuel option for future space vehicles.

The Ball team will develop and fly the Green Propellant Infusion Mission (GPIM) to demonstrate a high-performance, non-toxic fuel alternative to conventional hydrazine.  The mission will demonstrate and characterize the functionality of an integrated propulsion system to bridge the gap between technology development and actual use of green propellant in space.

Ball Aerospace is the prime contractor for the GPIM along with team co-investigators from the Aerojet Corporation, the Glenn Research Center, and the U.S. Air Force Research Laboratory at Edwards Air Force Base, with additional mission support from the U.S. Air Force Space and Missile Systems Center at Kirkland Air Force Base and NASA's Kennedy Space Center. GPIM is a Technology Demonstration Mission under the leadership of NASA's Office of the Chief Technologist (OCT).

"Ball is well known for innovative technology solutions and proud to be in partnership with OCT to advance space technology," said David L. Taylor, Ball Aerospace president and CEO. "This mission brings together a government-industry team from multiple agencies to develop a fully domestic green propellant solution for the next generation of space flight."

The GPIM will be developed over the next three years and launched in 2015. The purpose of employing green fuel alternatives is to reduce environmental impact and operational hazards, and improve launch processing capabilities. While the current use of hydrazine is efficient, the fuel is highly toxic and dangerous to transport. The GPIM demonstration will provide the aerospace community with a new system-level capability for future missions using a green alternative.

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.

 

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