Ball Aerospace Wins $37M to Work on DARPA Missile Detection, Tracking Communications System

The Defense Advanced Research Projects Agency has awarded Ball Aerospace (NYSE: BLL) a $36,928,217 cost-plus-fixed-fee contract to provide work for the MOIRE Program. The program provides real-time tactical video and missile launch detection and tracking to war fighters. It utilizes diffractive membrane optics, which may facilitate low-cost geosynchronous imaging. Work is expected to be completed...

Ball Satellite Passes Thermal Tests

Ball Aerospace’s (NYSE: BLL) NPOESS Preparatory Project satellite came one step closer this week to NASA’s planned Oct. 25 launch date with the completion of thermal vacuum testing. The two-month process proved the satellite can function in space. “Given the fact that the U.S. has more severe weather than any other country, it’s crucial that decision-makers have seamless data from the...

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...

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