BAE Systems plans to acquire Ball Aerospace for $5.55 billion, leveraging the latter’s expertise in space architecture and its strong position in the defense market. This acquisition would strengthen BAE’s presence in the defense sector, aligning with US national priorities, while leveraging the skills and culture of innovation shared by the two companies.
BAE Systems today announced a definitive agreement for the proposed acquisition of Ball Aerospace for approximately $5.55 billion. Ball Aerospace’s heritage of advancements in national security space architecture, mission-enabling technologies and scientific discovery is complementary to BAE Systems’ portfolio and culture. The proposed acquisition of Ball Aerospace represents an exceptional opportunity to acquire a high-quality, technology-based company with industry-leading space and defense capabilities to solve our customers’ greatest challenges. This landmark acquisition would strengthen our company’s position in some of the fastest growing segments of the defense market and further increase our alignment with our customers’ enduring priorities, both in the States National Defense Strategy States than in the United States Intelligence Strategy. “Ball Aerospace’s world-class products, capabilities and deep customer relationships would complement our existing portfolio in areas such as space, C4ISR systems and missiles,” said BAE President and CEO Tom Arseneault. Systems, Inc. “We believe BAE Systems and Ball Aerospace share a culture of mission-driven innovation and operational excellence. We look forward to continuing Ball Aerospace’s historic legacy and investing in its future. Ball Aerospace’s space programs account for approximately 70% of its projected 2023 revenue, or $2.2 billion, with the balance attributable to technologies and R&D enabling warfighter missions across the land, sea and air domains. The acquisition of Ball Aerospace would provide a solid platform to accelerate our space strategy.” Ball Aerospace has a long and illustrious history as a proven partner and pioneering innovator with expertise in space vehicles, mission payloads, optical systems, compliant antennas and electronically controlled arrays. With trusted customer relationships within the intelligence community, U.S. Department of Defense, and civilian space market, the Ball Aerospace team supports the delivery of a wide range of differentiating products and technologies to meet growing demand. client. Our mutual cultures of commitment to mission and technology-driven innovation would create a solid foundation to serve the combined company and our customers for a long time to come. The contemplated transaction is subject to satisfaction of customary closing conditions, including required regulatory approvals.
