BOULDER, Colo., Sept. 12, 2012 /PRNewswire/ -- Ball Aerospace & Technologies Corp. has selected Tim Harris to lead its national defense strategic business unit. As vice president and general manager for national defense, Harris will oversee programs and direct all new defense-related business pursuits.

(Photo: http://photos.prnewswire.com/prnh/20120912/LA72608)

Harris has more than 30 years of design, manufacturing, project and systems engineering and program management experience. Since joining Ball Aerospace in 1996, he has served as director of business development for defense programs, and program director for several demanding mission areas including the Space Based Space Surveillance program, a Ball satellite launched in 2010 to track space debris. He has been instrumental in establishing Ball as an industry leader in space missions, space-based sensors and high performance star trackers.

"Tim has been a major contributor to Ball's success in recent years," said Rob Strain, Ball Aerospace's chief operating officer. "He has developed significant new business opportunities, led strong program performance and enhanced customer relationships, proving that he's the right person to lead the company's national security space programs."

In 2011, Harris was recognized with the Gabe Award, the company's highest honor, to acknowledge his continuous outstanding professional service and successful ability to enhance competitiveness while producing an exemplary body of work. A former Ball Aerospace president, R.H. 'Gabe' Gablehouse is credited with spearheading the company's significant growth in the 1970s and 1980s.

Ball Aerospace & Technologies Corp. supports critical missions for 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. For more information visit http://www.ballaerospace.com.

Ball Corporation (BLL) is a supplier of high quality packaging for beverage, food and household products customers, and of aerospace and other technologies and services, primarily for the U.S. government. Ball Corporation and its subsidiaries employ more than 14,500 people worldwide and reported 2011 sales of more than $8.6 billion. For the latest Ball news and for other company information, please visit http://www.ball.com.

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 on our website and at http://www.sec.gov. Factors that might affect our packaging segments include fluctuation in product demand and preferences; availability and cost of raw materials; competitive packaging availability, pricing and substitution; changes in climate and weather; crop yields; competitive activity; failure to achieve anticipated productivity improvements or production cost reductions; mandatory deposit or other restrictive packaging laws; changes in major customer or supplier contracts or loss of a major customer or supplier; political instability and sanctions; and changes in foreign exchange rates or tax rates. 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; changes in senior management; the recent global recession and its effects on liquidity, credit risk, asset values and the economy; successful or unsuccessful acquisitions; regulatory action or laws including tax, environmental, health and workplace safety, including U.S. FDA and other actions affecting products filled in our containers, or chemicals or substances used in raw materials or in the manufacturing process; 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; uncertainties surrounding the U.S. government budget and debt limit; reduced cash flow; interest rates affecting our debt; and changes to unaudited results due to statutory audits or other effects.

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Ball Aerospace Names Tim Harris Vice President and General Manager for National Defense

LMI Aerospace, a leading supplier of structural components, assemblies and kits to the aerospace industry, is expanding its Savannah facility, which provides kits and assemblies to both Gulfstream Aerospace and Aviation Partners Boeing, general manager Phil Lajeunesse told the board and advisory council of the Savannah Economic Development Authority Tuesday."We started in 2003 with Gulfstream ...

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LMI Aerospace expands its Savannah operation

ST Aerospace is dissolving its joint venture company with BAE Systems, Singapore British Engineering (SBE), the company announced Monday.

ST Aerospace said the 51%-owned subsidiary has begun voluntary winding up.SBE was created to market BAE Systems avionics and defense products in Singapore.

The decision to liquidate SBE was mutually agreed upon between ST Aerospace and BAE Systems, and a result of ongoing engagement and reviews between the partners to better support the latters business growth in the region through ST Aerospaces global network, ST Aerospace said in a statement.

The companys existing contracts will be taken on by ST Aerospace subsidiary STA Supplies.

ST Aerospace last week warned that 300 employees could be affected by a restructuring of its ST Aerospace Solutions (Europe) A/S subsidiary, due to weak European market conditions (ATW Daily News, Sept. 7).

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ST Aerospace ends Singapore British Engineering JV

SAN FRANCISCO--(BUSINESS WIRE)--

PFS Aerospace (http://www.pfs-aerospace.com) announced today that they have developed one of the lowest-cost launch-and-return spacecraft systems available in the market. Per the new technology, PFS is now offering the first web-based click-to-buy personal space launch service in the world!

The PFS personal satellites and spacecraft have been developed with a technology consortium focused on the production of low-cost-easy-orbit personal satellite systems for community service groups. The first projects are focused on emergency communications, regional communications, toxin sensing and space debris clean-up. PFS has developed unique technologies to improve the process, reduce costs and ease logistics.

PFS has developed the first "Launch Anywhere/Recover Anywhere" spacecraft system. One such system can be legally launched from a boat in San Francisco Bay.

Now PFS is offering individuals and companies access to space at ground-breaking prices for their first BETA CUSTOMERS. Potential beta customers can buy a launch right on the PFS website located at http://www.pfs-aerospace.com.

The launch service includes a video of an in-space video screen playing a 3 minute video of you saying "hello" (or whatever you want to put in your video) from the edge of space plus your logo or picture in the lower right of the video that PFS makes for you. The deliverable to you is an .MP4 video of your digital trip to space. You email PFS your 3 minute .MP4 video for the launch. PFS will prep, launch & return the spacecraft.

So, to say it another way: You send PFS a movie of you, PFS sends it into space, plays it in space and makes a movie of you, on the screen, in space. You get PFSs movie, of your movie, with the Earth, from space, in the background. You can post the movie on your website, send it to your friends and impress your family. This is not a special effects movie. This is you, on a movie screen, in space! PFS has the launch vehicles. (For orbital trips and other device capabilities prices are higher, please contact PFS for a quote for capabilities beyond "prep-launch-return".) Delivery times are contingent on weather and staff availability per launch.

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PFS Aerospace Announces First You-in-Space Public Participation Space Program Using the First "Launch Anywhere/Recover ...

MONTREAL - Bombardier's aerospace division is putting a "pause" on discretionary spending at least until January to preserve cash for two aircraft development programs.

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Bombardier Aerospace cutting discretionary spending to preserve cash

By Ross Marowits, The Canadian Press

MONTREAL - Bombardier's aerospace division is putting a "pause" on discretionary spending at least until January to preserve cash for two key aircraft development programs.

In a memo to employees, the Montreal-based transportation giant said it is suspending most new hirings, cancelling off-site meetings, cutting all funding for Christmas parties and even suspending most travel.

Other measures include reducing or delaying spending on consultants, suspending most training, and stopping any office renovations. All capital spending will have to receive senior management approval.

Spokeswoman Haley Dunne says the missive sent last week from finance vice-president Mairead Lavery was meant to remind employees to be more prudent about what they're spending on during the company's peak period of investment.

"We're halfway through the year so it's just time to make sure that people are aware that they need to be focusing on our priorities," she said in an interview.

Lavery told employees that "performance in cash generation was not in line with budget for the first six months of the year" and that the move was needed because Bombardier has limited control over when it receives cash from customers.

The company will fill positions required for the development programs, but non-essential positions will remain vacant until after January.

Bombardier Aerospace (TSX:BBD-B.TO - News) last put a freeze on discretionary spending in 2009.

The world's third-largest aircraft manufacturer is in the midst of several development projects, notably the new CSeries commercial aircraft set to begin deliveries the end of 2013 and the Learjet 85 business jet, also set to be delivered next year.

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Bombardier Aerospace puts 'pause' on discretionary spending to preserve cash

Singapore, 10 September 2012 ST Aerospace today announced its 51%-owned subsidiary, Singapore British Engineering Pte Ltd (SBE), has commenced Members Voluntary Winding Up. SBE, a joint venture between ST Aerospace and BAE Systems plc (BAE Systems), was set up for the marketing of BAE Systems avionics and defence products in Singapore.

Shareholders of SBE had approved the appointment of Andrew Grimmett and Lim Loo Khoon of Messrs Deloitte & Touche Financial Advisory Services Pte Ltd as Joint and Several Liquidators for the purpose of the liquidation of SBE.

The decision to liquidate SBE was mutually agreed upon between ST Aerospace and BAE Systems, and a result of ongoing engagement and reviews between the partners to better support the latters business growth in the region through ST Aerospaces global network. Existing SBE contracts are novated to ST Aerospaces wholly owned subsidiary ST Aerospace Supplies Pte Ltd (STA Supplies) to ensure continual support to customers, and STA Supplies will work closely with BAE Systems to explore further collaboration opportunities.

The voluntary liquidation of SBE is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

ST Aerospace (Singapore Technologies Aerospace Ltd) is the aerospace arm of ST Engineering. Operating a global MRO network with facilities and affiliates in the Americas, Asia Pacific and Europe, it is the worlds largest commercial airframe MRO provider with a global customer base that includes leading airlines, airfreight and military operators. ST Aerospace is an integrated service provider that offers a spectrum of maintenance and engineering services that include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services; and aviation materials and management services, including Total Aviation Support. ST Aerospace has a global staff strength of more than 8,000 engineers and technical specialists. Please visit http://www.staero.aero.

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ST Aerospace Liquidates Singapore British Engineering

TORONTO (Reuters) - Bombardier Inc has told staff in its aerospace unit to suspend discretionary spending for the rest of the year so that the Canadian company can keep cash for its costly C-Series and Learjet 85 aircraft development programs. The world's third-biggest plane maker said in an internal memo sent to more than 35,000 aerospace division staff on September 5 that cash must be ...

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Bombardier aerospace staff told to cut discretionary spending

Nova Scotia's largest aerospace contractor is rebranding itself as part of an effort to secure more military spending, including a piece of the federal shipbuilding contract.

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IMP Aerospace rebrands to include defence

UTC Aerospace Systems' legacy Hamilton Sundstrand business was named in Aviation Week's 2012 Workforce Study as a "Company where Aerospace and Defense Professionals Want to work." UTC Aerospace Systems is a unit of United Technologies Corp. (NYSE: UTX).

Hamilton Sundstrand was selected in two of three categories of the corporate study - "Respect for the Individual" and "Learning/Professional Development." These categories, along with "Technological Challenge," are the three areas employees in the industry said are most important to them as they make career decisions. Hamilton Sundstrand was one of 34 organizations that participated in the corporate study.

"We are honored to receive this recognition by Aviation Week. Hamilton Sundstrand has historically worked very hard to provide a stimulating and rewarding environment for employees," said Doug Balsbough, vice president, Human Resources - Aircraft Systems, UTC Aerospace Systems. Balsbough previously served as Hamilton Sundstrand's VP of Human Resources. "With the addition of more than 27,000 new employees following the integration of Goodrich and the expansion of our product and technology portfolio, our employees have greater opportunities for career development and interesting and fulfilling work."

Hamilton Sundstrand has also ranked highly in the three categories in past Aviation Week workforce studies.

The 2012 Workforce Study is produced by Aviation Week in collaboration with the Aerospace Industries Association (AIA), American Institute of Aeronautics and Astronautics (AIAA), National Aeronautics and Space Administration (NASA), and National Defense Industrial Association (NDIA), and provides a single source of reliable data that analyzes current A&D workforce issues, trends and opportunities. Aviation Week is the largest multimedia information and services provider for the global aviation, aerospace and defense industries. Industry professionals rely on Aviation Week for analysis, marketing and intelligence. Customers include the world's leading manufacturers, suppliers, airlines, militaries, governments and other organizations that serve this global market.

UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defense industries. UTC Aerospace Systems supports a global customer base with significant worldwide manufacturing and customer service facilities.

United Technologies Corp., based in Hartford, Conn., is a diversified company that provides high-technology products and services to the aerospace and building industries.

Please follow SpaceRef on Twitter and Like us on Facebook.

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UTC Aerospace Systems' legacy Hamilton Sundstrand business named in Aviation Week's 2012 Workforce Study

HALIFAX, Sept. 5, 2012 /CNW/ - The Atlantic Defence and Security Exhibition (DEFSEC Atlantic) is the second largest defence and security exhibition in Canada. As a prominent member of the Canadian aerospace and defence sector and a major sponsor of DEFSEC, IMP Aerospace believes this is the perfect venue to make a significant announcement regarding its future plans and recent rebranding.

"Over a period of many years, IMP Aerospace has developed a broad range of world-class capabilities, which have application beyond the aerospace sector and is, in fact, already providing substantial amounts of both products and services to naval and land customers. To better recognize this growing diversity of customers and product applications, and to bring a stronger focus to the naval and land activities, IMP Aerospace has been rebranded with the creation of 'IMP Aerospace & Defence.' This change comes at a time that fits well with current trends, given the recent announcements by the federal government to commit significant resources to recapitalizing the Royal Canadian Navy, Canadian Coast Guard and Canadian Army. Thus, we have reorganized to better focus on the broader sectors," stated David Gossen, President, IMP Aerospace & Defence.

"The recapitalization projects outlined in the Canada First Defence Strategy and the National Shipbuilding Procurement Strategy include significant In-Service Support (ISS) activities, as well as manufacturing requirements for which IMP Aerospace & Defence has significant strengths and competencies. Its presence across Canada, and particularly in Halifax, provides a geographic benefit of being close to both the naval and land communities. To strengthen our ability to provide effective service and support to these sectors, I'm pleased to announce that a Naval & Land Services office has been established."

IMP Naval & Land Services will coordinate integrated solutions utilizing our expertise in Integrated Logistics Support, Systems Engineering, Materials Management, high quality manufacturing and In-Service Support for customers active in the Navy and Land system sectors.

IMP Aerospace & Defence will be exhibiting at the Atlantic Defence and Security Exhibition in Halifax, September 5 - 7, 2012, at Booth 301, and looks forward to discussing its broader capabilities.

About IMP Aerospace & Defence

IMP Aerospace & Defence comprises three divisions which offer a diversified line of products and services to support both military and commercial customers:

All divisions are fully ISO 9001:2008 registered. These divisions possess a broad depth of experience, technical expertise and engineering and manufacturing capabilities which, combined with the parent company's corporate flexibility, provide aerospace and defence clients with comprehensive and timely solutions.

IMP Aerospace & Defence is a dynamic and competitive organization in the Canadian, as well as international aerospace and defence sectors and employs over 1,800 people, including managers, engineers, technicians, and specialists trades.

IMP Aerospace & Defence is a division of IMP Group Limited which is focused on global sustainable growth, with over 3,700 experienced people delivering service, quality and value to customers across diverse sectors, such as aerospace, aviation, airline, healthcare, information technology, hospitality, and property development.

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IMP Aerospace Announces Rebranding

ST. PAUL, Minn.--(BUSINESS WIRE)--

3M Aerospace introduces 3M Removable Gel Tape, an easy-to-apply solution to help protect substrate corrosion in-aircraft. Removable gel tapes are installed under an aircrafts floorboards on top of the floor beams, providing exceptional sealing and corrosion protection and helping avoid expensive repairs and days out of service.

3Ms removable gel tapes are available in both one-side and two-sided adhesive options. Lighter than current gel tapes, these new tapes can be easily removed and repositioned. The tapes do not pill or ball and leave behind little to no residue, reducing the labor required for beam cleaning after tape removal. Aging studies have demonstrated that the tapes peel away cleanly after nine to 12 months in use, results that are superior to competitive products.

To use, the tape is simply applied to the beam, after which the floor panel can be applied. 3Ms gel tapes offer convenient handling characteristics, including easy cutting, low roll unwind tension, and simple application. Additionally, screws press easily through the 2mm polyester.

3M Removable Gel Tapes meet the FAAs recently released new policy statement for 14CFR 25.853 that provides standardized testing and established acceptable methods of compliance for fire resistance.

Together with 3Ms wet area protection tapes, 3M Removable Gel Tapes help provide a comprehensive solution to protect against aircraft corrosion. Find more information about removable gel tapes at 3M.com/WetArea.

About 3M Aerospace The 3M Aerospace and Aircraft Maintenance Division is a leading supplier to the global aerospace industry, providing innovative products and solutions to OEMs and MROs in the commercial, business, general, and military aviation industries. For information about the 3M Aerospace and Aircraft Maintenance Division visit http://www.3M.com/Aerospace.

3M is a trademark of 3M Company.

About 3M 3M captures the spark of new ideas and transforms them into thousands of ingenious products. Our culture of creative collaboration inspires a never-ending stream of powerful technologies that make life better. 3M is the innovation company that never stops inventing. With $30 billion in sales, 3M employs 84,000 people worldwide and has operations in more than 65 countries. For more information, visit http://www.3M.com or follow @3MNews on Twitter.

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3M Aerospace Introduces Removable Gel Tape

* EADS (Other OTC: EADSF.PK - news) unit says it meets qualifications for membership

* US group's rules ban firms with government stakes

* Airbus (Paris: NL0000235190 - news) , Boeing (NYSE: BA - news) could lobby jointly on some issues-analyst

By Doug Palmer and Tim Hepher

WASHINGTON, Sept 4 (Reuters) - Airbus has clashed with the U.S. aerospace industry over whether it should be allowed to join its top domestic lobbying group, weeks after announcing plans to set up jet assembly in Alabama.

Boeing's main rival says its parent, European aerospace group EADS, should be allowed to take a seat alongside flagship UK firms Rolls-Royce and BAE Systems (LSE: BA.L - news) because it has facilities in the U.S. and already employs thousands of local workers.

It plans to add 1,000 more aerospace industry jobs by assembling some of its A320 jets in Mobile, Alabama, from 2016.

But it was rebuffed by the head of the Aerospace Industries Association, who said membership of the 93-year-old club was reserved for companies without foreign government ownership.

EADS is 15-percent owned by the French government and is in the throes of seeing a similar stake being acquired by Germany.

"Remember, this is the Aerospace Industry Association of America. We go back to (U.S. aviation pioneers) Orville Wright and Glenn Curtiss, who founded this almost a hundred years ago," AIA President and Chief Executive Marion Blakey told Reuters.

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UPDATE 1-Airbus fights exclusion from U.S. aerospace lobby

MARANA, Ariz., Sept. 5, 2012 /PRNewswire/ --Marana Aerospace Solutions, one of the world's largest commercial aviation maintenance and storage resources, is assisting aircraft owners to recoup the maximum economic potential of their assets when their aircraft are ready to be retired from service. Internationally recognized as one of the most reliable providers of maintenance, repair and overhaul, Marana Aerospace Solutions also offers comprehensive services for various end-of-life options, including Parts Inspection, Controlled Parts Removal, Recording and Tagging, Packing, Crating and Shipping.

With its ideal location in the dry Arizona desert, the facility has, for over thirty years, provided award-winning maintenance solutions for almost every type of commercial aircraft. Incorporating its world class FAA-certified aircraft maintenance expertise into its end-of-life programs enables Marana Aerospace Solutions to offer optimized packages to meet its customer's specific needs. In addition, the 1,200 acre facility's capacity to store up to 400 aircraft at any given time enables it to provide a unique suite of options to aircraft owners.

"With our dedicated crews and customer support teams, we are able to provide our customers with the most comprehensive set of services in the industry," said Colin Buxton, Vice President of Sales and Marketing at Marana Aerospace Solutions.

Marana Aerospace Solutions is a founder member of the Aircraft Fleet Recycling Association, which is recognized as the leading global industry association committed to pursuing and promoting environmental best practices, regulatory excellence, and sustainable developments in aircraft disassembly, as well as the salvaging and recycling of aircraft parts and materials.

About Marana Aerospace Solutions

Located in Marana, Arizona, Marana Aerospace Solutions offers a broad range of maintenance, and component services for Boeing, Airbus, McDonnell Douglas, Bombardier and Embraer aircraft, as well as painting, storage and end-of-life solutions to some of the world's largest commercial airlines, aircraft leasing companies, and government agencies.

Privately owned and operated, Marana Aerospace Solutions is a Federal Aviation Administration Approved FAR Part 145 Repair Station with a FAA Class IV Airframe Rating, is ISO 9001-2008 registered, and holds numerous international maintenance certifications including EASA. More information is available at http://maranaaerospace.com/.

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Marana Aerospace Solutions Maximizes Commercial Aircraft Asset Values with Comprehensive End-of-Life Services

WASHINGTON (Reuters) - Airbus has clashed with the U.S. aerospace industry over whether it should be allowed to join its top domestic lobbying group, weeks after announcing plans to set up jet assembly in Alabama. Boeing's main rival says its parent, European aerospace group EADS , should be allowed to take a seat alongside flagship UK firms Rolls-Royce and BAE Systems because it has facilities ...

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Airbus fights exclusion from U.S. aerospace lobby

Shares of this aerospace & defense equipment company have been on an uptrend since it reported strong second quarter results on August 6.

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Shares Of This Aerospace Company Nearly Double Since July, Still Flying High

CHARLOTTE, N.C., Sept. 4, 2012 /PRNewswire/ --UTC Aerospace Systems' legacy Hamilton Sundstrand business was named in Aviation Week's 2012 Workforce Study as a "Company where Aerospace and Defense Professionals Want to work." UTC Aerospace Systems is a unit of United Technologies Corp. (UTX).

Hamilton Sundstrand was selected in two of three categories of the corporate study - "Respect for the Individual" and "Learning/Professional Development." These categories, along with "Technological Challenge," are the three areas employees in the industry said are most important to them as they make career decisions. Hamilton Sundstrand was one of 34 organizations that participated in the corporate study.

"We are honored to receive this recognition by Aviation Week. Hamilton Sundstrand has historically worked very hard to provide a stimulating and rewarding environment for employees," said Doug Balsbough, vice president, Human Resources Aircraft Systems, UTC Aerospace Systems. Balsbough previously served as Hamilton Sundstrand's VP of Human Resources. "With the addition of more than 27,000 new employees following the integration of Goodrich and the expansion of our product and technology portfolio, our employees have greater opportunities for career development and interesting and fulfilling work."

Hamilton Sundstrand has also ranked highly in the three categories in past Aviation Week workforce studies.

The 2012 Workforce Study is produced by Aviation Week in collaboration with the Aerospace Industries Association (AIA), American Institute of Aeronautics and Astronautics (AIAA), National Aeronautics and Space Administration (NASA), and National Defense Industrial Association (NDIA), and provides a single source of reliable data that analyzes current A&D workforce issues, trends and opportunities.

Aviation Week is the largest multimedia information and services provider for the global aviation, aerospace and defense industries. Industry professionals rely on Aviation Week for analysis, marketing and intelligence. Customers include the world's leading manufacturers, suppliers, airlines, militaries, governments and other organizations that serve this global market.

UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defense industries. UTC Aerospace Systems supports a global customer base with significant worldwide manufacturing and customer service facilities.

United Technologies Corp., based in Hartford, Conn., is a diversified company that provides high-technology products and services to the aerospace and building industries.

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UTC Aerospace Systems' legacy Hamilton Sundstrand business named in Aviation Week's 2012 Workforce Study as a company ...

THORNTON, Colo.--(BUSINESS WIRE)--

Ascent Solar Technologies, Inc. (ASTI), a developer of state-of-the-art, flexible thin-film photovoltaic modules, announced today it is collaborating with Silent Falcon UAS Technologies and Bye Aerospace to provide its lightweight, flexible copper-indium-gallium-diselenide (CIGS) photovoltaics to power the Silent Falcon unmanned aerial system (UAS). Silent Falcon is a small tactical UAS drone designed to be easily carried and used for longer-duration intelligence, surveillance and reconnaissance (ISR) missions. Recently unveiled at the Association for Unmanned Vehicle Systems International (AUVSI) conference in Las Vegas, Silent Falcon represents the synergy of several new technologies, including ASTIs flexible photovoltaic modules, to provide a near silent, rapidly deployed platform that has multiple military and civilian applications. With three wing configurations available for different mission profiles, each Silent Falcon system could represent up to 30 modules.

John W. Brown, CEO, Silent Falcon UAS Technologies states: "We believe that today there is a large and growing global military and public safety agency market for small or tactical unmanned aircraft systems (UAS). In these markets alone, sales exceeding several hundred units per year are possible. As their use in these markets proves their utility and functionality, and as the FAA rules for domestic commercial, civilian use become more clear, we believe the market size and number of annual units sold could increase substantially."

Ascent Solars President and CEO, Victor Lee, said, Our collaboration on Silent Falcon represents a key strength of our product, namely that its lightweight and flexible nature can address multiple markets, from consumer electronics to building integrated PV, and that our manufacturing process is sufficiently agile to support them simultaneously. We see this emerging electric drone market expanding rapidly, with applications ranging from military to disaster relief with rapid deployment and recovery with little risk to human life.

AboutAscent Solar Technologies, Inc.

Ascent Solar Technologies, Inc.is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life. Ascent Solarmodules, which were named one ofTIMEMagazine's 50 best inventions for 2011, can be directly incorporated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. More information can be found at http://www.ascentsolar.com.

About Silent Falcon UAS Technologies

Silent Falcon UAS Technologies was established in 2010 to introduce disruptive technological UAV innovation to global defense, intelligence and national security agencies, the domestic public safety agency market and U.S.-based private security contractors. The company is headquartered in Albuquerque, New Mexico. For more information, go to http://www.SilentFalconUAS.com.

About Bye Aerospace

Bye Aerospace, founded in 2007 and headquartered near Denver, is applying clean energy solutions to innovative aircraft designs for the aerospace and defense markets. For more information, go towww.ByeAerospace.com.

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Ascent Solar Partners with Silent Falcon™ UAS Technologies and Bye Aerospace for Solar-powered Unmanned Aircraft Systems

REDONDO BEACH, Calif., Sept. 4, 2012 (GLOBE NEWSWIRE) -- Eminent women thought leaders from government and industry provided an informative perspective on the U.S. Department of Defense push for affordability in space at a Women in Aerospace forum hosted by Northrop Grumman Corporation (NOC).

The panel, moderated by Northrop Grumman's Linnie Haynesworth, vice president of aerospace products, included Lt. Gen. Ellen Pawlikowski, commander of the Space and Missile Systems Center (SMC) at Los Angeles Air Force Base; Wanda Austin, chief executive officer of The Aerospace Corp.; Gwynne Shotwell, president of Space Exploration Technologies (SpaceX); and Betty Sapp, director of the National Reconnaissance Office.

In her opening remarks, Haynesworth noted that "the issue of space affordability is a challenge, but also represents an opportunity for our industry." The panelists discussed such topics as the role of technology, launch-on-demand capability and fixed-price contracting.

Pawlikowski said the SMC, part of the Air Force's space acquisition arm, is examining "what we buy and how we buy it." This review has put the SMC on a path toward new space architectures based on smaller and more manageable satellites. The goal, she said, is "not only affordability, but also resiliency."

Panelists also fielded questions from some of the more than 300 Northrop Grumman employees and Women in Aerospace supporters who attended the Aug. 21 event at the company's Space Park campus in Redondo Beach, Calif.

Women in Aerospace is a national organization dedicated to expanding women's opportunities for leadership and increasing their visibility in the aerospace community.

Northrop Grumman has been recognized by several organizations for its commitment to a diverse and inclusive workforce and supply chain. Among them, the company was recently ranked No. 37 among the top 50 companies in diversity by DiversityInc magazine. It was also ranked No. 2 among the top 50 employers and No. 3 in the top 50 for a positive working environment for members of minority groups by Minority Engineer magazine.

Northrop Grumman is a leading global security company providing innovative systems, products and solutions in aerospace, electronics, information systems, and technical services to government and commercial customers worldwide. Please visit http://www.northropgrumman.com for more information.

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Northrop Grumman Hosts Distinguished Panel of Women Aerospace Leaders

The sale of 41.8% of Korea Aerospace Industries (047810.SE) for KRW1.05 trillion ($926 million) collapsed Friday as shareholders received just one preliminary bid--from Korea Air Lines Co. (003490.SE).

Public-auction laws stipulate there must be two or more bidders for a sale to proceed.

It is the latest illustration of the difficulty of doing deals ahead of a the presidential election in December. Incumbent Lee Myung-bak is struggling with low public approval near the end of his term.

A stakeholders' meeting will now decide if the block will be offered again, shareholders for KAI, led by state-run Korea Finance Corp., said in a statement Friday without stating a date.

This outcome has been widely expected since mid-August when just one letter of intent to bid was received.

The 41.8% slice of Korea Aerospace was offered by Korea Finance, Hyundai Motor Co. (HYMLY), Doosan Group and Samsung Techwin Co. (012450.SE). Together they own 56.7%.

Korea Aerospace was formed in 1999 by the merger of the aerospace divisions of Samsung, Hyundai and the now defunct Daewoo following difficulties encountered during the 1997-98 Asian financial crisis.

The government failed three times in as many years to privatize the nation's largest financial holding company, Woori Finance Holdings (053000.SE). The plan to list state-owned KDB Financial Group before the year is also being opposed by some lawmakers.

Write to Kanga Kong at kanga.kong@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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Korea Aerospace Sale Falls Apart After Korean Air Is Only Bidder