BOULDER, Colo.,
July 9 /PRNewswire-FirstCall/ -- Ball Aerospace &
Technologies Corp. today announced that it has earned the Software Engineering
Institute's (SEI) Capability Maturity Model Integration for Development
(CMMI-DEV) Maturity Level 3 status for its software development capabilities.
The rating demonstrates Ball's commitment to continuous improvement and
affirms a consistent and unified approach in all areas of software development
life cycle, including engineering, project management, and support activities.
"The prestigious CMMI-DEV is a yardstick by which the government and
industry gauge capability and process maturity. The rating is a major
milestone and recognizes Ball Aerospace for delivering outstanding software
capability to support complex national space systems," said David L. Taylor,
president and CEO.
The SEI is a federally funded research and development center sponsored by
the U.S. Department of Defense. SEI's objective is to advance software
engineering and related disciplines to ensure the development and operation of
systems with predictable and improved cost, schedule, and quality.
Ball Aerospace & Technologies Corp. supports critical missions of
important 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. Over the past 50 years, Ball Aerospace has been responsible for
numerous technological and scientific 'firsts' and acts as a technology
innovator for the aerospace market.
Ball Corporation (NYSE: BLL) is a supplier of high-quality metal and
plastic packaging products for beverage, food and household customers, and of
aerospace and other technologies and services, primarily for the U.S.
government. Ball Corporation and its subsidiaries employ more than 15,500
people worldwide and reported 2006 sales of $6.6 billion.
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 at our Web site and at www.sec.gov. Factors that might
affect our packaging segments include fluctuation in consumer and customer
demand and preferences; availability and cost of raw materials, including
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; crop
yields; industry productive capacity and competitive activity; failure to
achieve anticipated productivity improvements or production cost reductions,
including those associated with our beverage can end project; the German
mandatory deposit or other restrictive packaging laws; changes in major
customer or supplier contracts or loss of a major customer or supplier; and
changes in foreign exchange rates, tax rates and activities of foreign
subsidiaries. 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; successful or unsuccessful
acquisitions, joint ventures or divestitures; integration of recently acquired
businesses; regulatory action or laws including tax, environmental and
workplace safety; 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; reduced cash
flow; interest rates affecting our debt; and changes to unaudited results due
to statutory audits or other effects.
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