  The reaction process $A+B->C$ is modelled for ballistic reactants on an
infinite line with particle velocities $v_A=c$ and $v_B=-c$ and initially
segregated conditions, i.e. all A particles to the left and all B particles to
the right of the origin. Previous, models of ballistic annihilation have
particles that always react on contact, i.e. pair-reaction probability $p=1$.
The evolution of such systems are wholly determined by the initial distribution
of particles and therefore do not have a stochastic dynamics. However, in this
paper the generalisation is made to $p<1$, allowing particles to pass through
each other without necessarily reacting. In this way, the A and B particle
domains overlap to form a fluctuating, finite-sized reaction zone where the
product C is created. Fluctuations are also included in the currents of A and B
particles entering the overlap region, thereby inducing a stochastic motion of
the reaction zone as a whole. These two types of fluctuations, in the reactions
and particle currents, are characterised by the `intrinsic reaction rate', seen
in a single system, and the `extrinsic reaction rate', seen in an average over
many systems. The intrinsic and extrinsic behaviours are examined and compared
to the case of isotropically diffusing reactants.
