BLL - BLL STOCK NEWS

Ball Aerospace has successfully completed the critical design review (CDR) for the MethaneSAT flight system and spectrometer instrument, advancing the project toward fabrication and assembly. This satellite, weighing 350 kg, is designed to detect methane emissions with concentrations as low as two parts per billion, supporting the Environmental Defense Fund's goal of a 45% reduction in methane emissions from the oil and gas sector by 2025. The mission is set to launch in 2022, highlighting Ball's commitment to earth science and sustainability.

Ball Corporation (NYSE: BLL) announced plans to establish a new aluminum beverage packaging plant in Pittston, Pennsylvania, with production expected to begin in mid-2021. This multi-line facility will create approximately 230 jobs and is part of Ball's strategy to meet the growing demand for recyclable packaging in beverage sectors. The company will invest over $300 million in this facility, which is strategically located to optimize distribution. This initiative aligns with Ball's environmental goals and existing long-term customer contracts.

Ball Corporation (NYSE: BLL) has successfully acquired Tubex Industria e Comercio de Embalagens Ltda., an aluminum aerosol packaging provider with a plant in Itupeva, Brazil. This acquisition enhances Ball's aluminum aerosol packaging division, complementing its operations in the Americas, Europe, and India. The Itupeva facility features eight production lines dedicated to personal care packaging, catering to both local and global clients in Brazil. This strategic move aims to expand Ball's market presence and production capacity in the growing aerosol packaging sector.

Ball Aerospace, in collaboration with Booz Allen Hamilton, has secured a contract from the Space Rapid Capabilities Office (SpRCO) to be the prime system integrator for the Ground Command, Control and Communications (GC3) system. This initiative aims to enhance satellite operations capabilities for the U.S. Space Force, aligning with the 2020 Defense Space Strategy. Utilizing Hexicon, a modular software architecture, the GC3 will improve system integration and resilience, drawing on Ball's extensive experience in national defense programs.

Ball Aerospace has successfully completed on-orbit testing of NASA's Green Propellant Infusion Mission (GPIM), utilizing the non-toxic ASCENT propellant. Launched on June 25, 2019, GPIM is crucial for validating a 'green' propulsion alternative, paving the way for innovative satellite missions. Approximately 95% of the mission is completed, demonstrating ASCENT's viability for spacecraft operations. Ball Aerospace is the prime contractor, responsible for system engineering and spacecraft integration. The mission's success may inspire new technologies and enhance operational efficiency in the aerospace sector.

Ball Aerospace, in collaboration with NASA, has successfully completed the final airborne science flights of two advanced instruments, REMI-AB and CHPS-AB, for the Sustainable Land Imaging program.

These instruments, significantly smaller than existing models, demonstrate enhanced capabilities for future Landsat missions, improving performance for applications like mineral mapping and plant species categorization. With over 30% size reduction compared to prior instruments, these developments signal a commitment to innovation in earth observation technology.

Ball Corporation (NYSE: BLL) has priced a public offering of $1.3 billion in 2.875% Senior Notes due 2030, expected to close on August 13, 2020. The proceeds will be used to repay outstanding borrowings, fund general corporate purposes, and potential strategic investments. Four major banks are managing the offering. The announcement serves informational purposes and does not constitute an offer to sell securities.

Ball Corporation reported $11.5 billion in net sales for 2019 and employs over 18,300 employees globally.

Ball Corporation announced a public offering of approximately $1 billion in Senior Notes due 2030, aiming to utilize the proceeds for repaying revolving credit facilities and general corporate purposes. This could include debt redemption, working capital, and potential investments. Market conditions will influence the offering's terms and timing. Goldman Sachs, BofA Securities, Citigroup, and Deutsche Bank are key underwriters. Ball reported $11.5 billion in net sales for 2019 and has over 18,300 employees worldwide.

Ball Corporation (NYSE: BLL) reported second quarter 2020 net earnings of $94 million, down from $197 million in the same period last year, on sales of $2.8 billion compared to $3.0 billion in 2019. Despite a decline in overall profit, comparable earnings per diluted share increased to 65 cents, reflecting a 2% year-over-year growth. Business segments were impacted by the sale of assets and COVID-19 disruptions, with North America showing strong demand for aluminum beverage cans. The company expects to enhance its production capacity in the second half of 2020.