We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
Sponsor Generated Content
A large part of business at Ball Aerospace in Boulder comes from government contracts, many of which are in limbo. That’s because a budget agreement passed by Congress last week to avert a federal budget “fiscal cliff” put off until March 1 the deadline for potential across-the-board cuts in government contracts known as sequestration.
Ball Aerospace has work ready for new engineers if the federal discussion about sequestration gets decided, said Roz Brown, the spokeswoman. Boulder-based Ball Aerospace is a subsidiary of Ball Corp. (NYSE: BLL) in Broomfield.
“We have the work. We just can’t see where things are headed right now to make those hires,” Brown said.
Ball Aerospace also has created two separate business units – Civil Space and Technology and Operational Space – from its former Civil and Operational Space business unit, the company said in a press statement. The company supports missions for national agencies such as the Department of Defense, NASA, the National Oceanic and Atmospheric Administration, and other U.S. government and commercial entities.
The company builds spacecraft and related instruments and sensors, among other things.
Jim Oschmann, vice president and general manager at Ball Aerospace, will lead the Civil Space and Technology business unit, the company said in the press statement. Cary Ludtke, another vice president and general manager at Ball Aerospace, will lead the Operational Space business unit. Rob Freedman has been named vice president and general manager for tactical solutions, the business unit previously led by Oschmann.
Ball Aerospace is a subsidiary of Broomfield-based Ball Corp., which makes packaging for beverage, food and household products. In all, Ball Corp. and its subsidiaries employ more than 14,500 people worldwide. The company reported 2011 sales of more than $8.6 billion.