BAE Systems to buy space tech firm Ball Aerospace

BAE Systems plc has entered into a definitive Stock Purchase Agreement to acquire the Ball Aerospace business from Ball Corporation for $5.55 Billion in cash.

The deal is expected to close in the first half of next year.

The acquisition is most likely expected to boost BAE’s position across a range of activities, particularly in the space sector, where Ball is a top-ranked supplier of spacecraft, mission payloads and other systems.

Notably, the space and military portfolio makes up 70% of Ball’s business.

About Ball Aerospace

Ball Aerospace is a leading provider of spacecraft, mission payloads, optical systems, and antenna systems with decades of proven success underpinned by world class advanced technologies.

They have trusted customer relationships among the Intelligence Community, US Department of Defense, and civilian space agencies.

The business has been a pioneer in its markets for many decades and is organised into four main divisions: National Defense, Tactical Solutions, Civil Space, and Advanced Technology and Information Solutions.

 The business operates across a broad base of customers and platforms.

It is well positioned in highly attractive markets, military and civil space, C4ISR, and missile and munitions.

The space market exposure extends across positions in defence, intelligence, and scientific missions.

While, the Tactical Solutions business is well positioned to capture expected increases in demand for missiles and munitions.

The business is headquartered in Colorado, with more than 5,200 employees, of whom over 60% hold US security clearances.

Noteworthy, the company made $1.98 billion in revenue and accounted for 13% of Ball’s consolidated net sales in 2022.