24 Aug 2023 -
 General

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.

Thousands of senior engineers and procurement professionals subscribe to our LinkedIn Market Intel newsletter – get yours here

For more help with looking at supply chain options, contact Astute Electronics

Related News

10 Jul 2024 - General

Counterfeit GPUs on the Rise: A Growing Concern for the Electronics Industry

Read more

09 Jul 2024 - General

DRAM Prices Skyrocket Amidst AI Boom and Production Shifts: A Deep Dive into the Memory Market

Read more

08 Jul 2024 - General

US Government Invests in Semiconductor Workforce to Combat Looming Talent Crisis, But Challenges Remain

Read more

07 Jul 2024 - General

Semiconductor Manufacturing Equipment Sales Expected to Explode

Read more

05 Jul 2024 - General

US attracting ‘insane’ money into building chip manufacturing

Read more

04 Jul 2024 - General

Vietnam: caught in the crossfire of US-China tech rivalry

Read more