Ball Aerospace Wins up to $600K for NASA Space Studies

Ball Aerospace (NYSE: BLL) will be awarded up to 0,000 to study the storage and transfer of cryogenic propellants in space under a six-month contract with NASA. Ball will help develop a mission concept to test key technologies required for deep space exploration. NASA is pursuing human missions to an asteroid by 2025, under a directive from President Obama. “Embarking on a human presence...

Ball Corp. Reports on Strong Financial Picture

Ball Corp. (NYSE: BLL) reported first quarter net earnings of $91.3 million, up from $79.3 million in the first quarter of 2010. “Momentum from our strong results in 2010 continues into 2011 as we leverage our considerable strengths to grow with our customers in both mature and emerging markets,” CEO John Hayes said. “Our overall strong volume growth in each of our businesses,...

John Hayes Named CEO at Ball Corp.

Ball Corporation’s (NYSE: BLL) board of directors today elected John A. Hayes to serve as president and chief executive officer. Hayes replaces the retiring R. David Hoover, who will remain on as chairman of the board. “I am honored to be elected CEO of Ball Corporation and excited about the opportunities ahead of us to create more value for our shareholders,” Hayes said. “The...

Ball Caps Credit Facility

Ball Corporation (NYSE: BLL) released the following financial announcement: “[The firm] has completed the closing of its new senior secured credit facility. The new $1.4 billion senior secured credit facility extends bank maturities through 2015 and provides greater flexibility for share repurchases and other corporate actions. “The new credit facility provides Ball with additional borrowing...

Ball Prices Hundreds of Millions in Notes

Ball Corporation (NYSE: BLL) priced an underwritten public offering of $500 million up from the previously announced $400 million, of 5.75 percent senior notes due May 15, 2021. The firm plans to use the proceeds to repay the borrowings under its $300 million secured term loan facility and for various other activities including potential acquisitions, the repayment of debt, working capital or share...