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 […]