Ball Aerospace & Technologies Corp., a unit of
), has received a contract from the Korea Aerospace Research
Institute (KARI) to build the Geostationary Environment
Monitoring Spectrometer (GEMS). This is the first contract for
Ball Corp. with South Korea.
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GEMS is an atmospheric pollution sensor that provides high
spatial and high temporal resolution measurements of ozone, its
precursors and aerosols. It is a geostationary scanning
ultraviolet-visible spectrometer which monitors air quality and
long-term climate change. The spectrometer will also help to
provide early warnings for dangerous pollution events.
Ball Aerospace and KARI will design, fabricate and test GEMS to
monitor trans-boundary pollution events for the Korean peninsula
and Asia-Pacific region. The spectrometer, which is being built
for the National Institute of Environmental Research in the South
Korean Ministry of Environment, is scheduled to be launched in
Ball Aerospace has been a recognized industry leader in
developing advanced spectrometers. Ball recently provided the
Ozone Mapping and Profiler Suite aboard the Suomi National
Polar-orbiting Partnership and is building a similar instrument
for the Joint Polar Satellite System.
Ball Aerospace also supports critical missions for national
agencies such as NASA (National Aeronautics and Space
Administration), NOAA (National Oceanic and Atmospheric
Administration) and other U.S. government and commercial
Broomfield, Colo.-based Ball Corp., which belongs to the
containers and packaging industry along with
Crown Holdings Inc.
Mobile Mini, Inc
), reported first-quarter 2013 adjusted earnings of 58 cents per
share, an 8% decline from the year-ago adjusted earnings of 63
cents per share. The results also fell short of the Zacks
Consensus Estimate of 64 cents.
However, revenues in the Aerospace and Technologies segment
increased 15% to $231 million in the first quarter. Operating
earnings decreased 9% to $18 million in the quarter. The segment
had a backlog of more than $1 billion at the end of the quarter.
Ball Corp. is the largest manufacturer of beverage cans in North
America. It also supplies aerospace and other technologies and
offers services to government and commercial customers. The
company currently retains a short-term Zacks Rank #4 (Sell).