Page 76 - Bae Systems News Today

Business known for its space telescope expertise set to become part of the global defense giant.

BAE Systems is set to take another significant step into the American market after agreeing to acquire Ball Corporations aerospace division for around $5.6billion.

The takeover is meant to strengthen the British company's position in the defense-related space business.

Deal improves the British defence contractor’s standing in a burgeoning market

Ball is now a pure-play packaging maker after agreeing to sell its aerospace division to BAE Systems for more than $5 billion.

UK defense giant BAE Systems announced on Thursday that it had entered into a deal to acquire Ball Aerospace, a subsidiary of US-based Ball Corporation, for around $5.5 billion in cash, with the acquisition expected to close in 2024.

Britain's BAE Systems said its $5.5 billion purchase of Ball Corp's aerospace business would help it meet the soaring demand for munitions seen since the invasion of Ukraine, underscoring the impact the war has had on the sector. Russia's invasion of its neighbour has led to a surge in demand for weapons, with European governments ordering less-sophisticated items such as shoulder-fired missiles, artillery, and drones that have proven critical in the conflict. BAE, which produce...

BAE Systems plc announced on 17 August 2023 that it has entered into a definitive Stock Purchase Agreement to acquire the Ball Aerospace business of Ball Corporation for around USD 5.55 Bn (EUR 5.1 Bn) in cash, subject to customary closing adjustments.

BAE Systems agreed to buy the aerospace division of soda-can giant Ball for $5.6 billion, as the U.K. defense company seeks to expand its missile, space and munition products at

/PRNewswire/ -- The Defense Advanced Research Projects Agency (DARPA) has awarded BAE Systems (LSE: BA) FAST Labs™ research and development organization a $14...