Further to the announcement of 14 February 2024, BAE Systems has now completed the acquisition of Ball Aerospace from Ball Corporation.
The transaction closed at a purchase price of $5.5 billion (approximately £4.4 billion), which has been funded through existing cash and new external debt.
As previously stated, BAE Systems will provide 2024 Group guidance at our preliminary results on 21 February 2024 incorporating the acquisition.
Ball Aerospace is a leading provider of spacecraft, mission payloads, and optical and antenna systems with decades of proven success underpinned by world class advanced technologies.
The business has trusted customer relationships in the Intelligence Community, US Department of Defense, civilian space agencies, and with major aerospace and defence primes, and is well positioned in highly attractive markets, including military and civil space, C4ISR, and missiles and munitions.
The business is based in Colorado, with more than 5,200 employees, many of whom hold US security clearances.
Noteworthy, the newly acquired business will be called Space & Mission Systems and will map within the Electronic Systems reporting segment.
Source: https://www.baesystems.com/en/article/bae-systems-completes-acquisition-of-ball-aerospace
