BAE Systems wraps up acquisition of Ball Aerospace to expand space and defense offerings

BAE Systems wraps up acquisition of Ball Aerospace to expand space and defense offerings

BAE Systems (LON: BA) has announced the successful completion of its acquisition of Ball Aerospace from Ball Corporation, a move that significantly enhances BAE Systems’ portfolio with leading space, science, and defense capabilities. The acquisition introduces a new sector within BAE Systems, named Space & Mission Systems, marking a pivotal expansion for the company and […]

Ball Corporation to sells aerospace unit to BAE Systems in $5.6bn deal

Ball Corporation to sells aerospace unit to BAE Systems in $5.6bn deal

In a significant business development, Ball Corporation (NYSE: BALL), globally renowned for its aluminum packaging, has inked an agreement to offload its aerospace division to BAE Systems (LSE: BA.) for a whopping $5.6 billion. This deal translates to an impressive 19.6x Ball Aerospace’s LTM comparable EBITDA as recorded on June 30, 2023. The anticipated closure […]