In this paper factorization results for transfer functions of Pritchard-Sal
amon systems are obtained. In particular, transfer functions sufficiently c
lose to the identity operator are shown to have a canonical Wiener-Hopf fac
torization. Moreover, the Bounded Real Lemma is generalized to Pritchard-Sa
lamon systems and applied to relate left and right canonical Wiener-Hopf fa
ctorizations of their transfer functions.