News

BAE Systems to Acquire Ball Corp.’s Aerospace Business

1 Mins read

BAE Systems, the U.K. defense-and-aerospace group, announced on Thursday that it has reached an agreement to purchase Ball Corp.’s aerospace business for a cash amount of $5.55 billion. The transaction is expected to be completed in the first half of 2024, pending customary regulatory approvals and conditions.

Strengthening the Portfolio with Ball Aerospace

BAE Systems considers the acquisition of Ball Aerospace, based in Colorado, as a significant opportunity to enhance its portfolio. Ball Aerospace specializes in providing spacecraft, mission payloads, optical systems, and antenna systems. The company offers high revenue visibility and possesses a strong growth outlook.

Impressive Financial and Growth Prospects

BAE Systems anticipates that Ball Aerospace will generate approximately $2.2 billion in revenue and achieve adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of about $310 million in 2023. Moreover, it forecasts a remarkable compound annual growth rate of around 10% for the next five years, with promising growth prospects even beyond that period.

Funding the Acquisition

To finance the proposed acquisition, BAE Systems will utilize a combination of newly obtained external debt and its existing cash resources.


Related posts
News

Risk mitigation

4 Mins read
Asian economies should cooperate to jointly lower their overreliance on dollar-denominated assets The economic and trade policies implemented by the current administration…
News

Cloud mining revolutionizes the way to increase the value of crypto assets: Ripplecoin Mining allows XRP, BTC, and Solana holders to achieve daily income | Business Upturn

3 Mins read
Weston, Massachusetts, July 16, 2025 (GLOBE NEWSWIRE) — As the cryptocurrency market continues to fluctuate, more and more investors are looking for…
News

Republicans declared it 'crypto' week in the House. It's not going as planned

1 Mins read
WASHINGTON (AP) — A trio of cryptocurrency bills that had been expected to pass the House this week stalled on Tuesday after…

Leave a Reply

Your email address will not be published. Required fields are marked *