24 Aug 2023 -

BAE purchases Ball Corp aerospace for $5.55bn

satellite communications

BAE Systems is acquiring Ball Aerospace, a subsidiary of Ball Corporation, for $5.55 billion in cash, reports Reuters. The deal is expected to close in the first half of 2024.

Ball Aerospace is a leading manufacturer of spacecraft, instruments and sensors for the defense and civil space markets.

The company has a strong track record of innovation and its products are used by NASA, the US military, and other government agencies around the world.

The acquisition of Ball Aerospace will give BAE a major foothold in the space industry and will help the company meet the growing demand for space-based technologies.

“We see space as becoming an increasingly important domain of future warfare. This acquisition really accelerates our position into one of the fastest growing areas of defence spending,” BAE CEO Charles Woodburn told reporters.

The acquisition is also a sign of the growing importance of space in the 21st century. Space-based technologies are being used for a wide range of applications, including navigation, communication, Earth observation, and climate monitoring.

The conflict in Ukraine is also driving the demand for space-based technologies. The war has highlighted the importance of these technologies for military applications, such as intelligence gathering and surveillance.

The acquisition of Ball Aerospace is a significant move by BAE Systems. It is a sign of the company’s commitment to the space industry and its belief in the future of space-based technologies.

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