UK defense contractor BAE buying Ball's aerospace division for $5.6 billion
Publishing timestamp: 2023-08-17 12:04:51
Summary
Ball Corp. has agreed to sell its aerospace division to U.K. defense contractor BAE Systems for $5.6 billion in cash. The deal is expected to close in the first half of next year, pending regulatory approval. Ball Aerospace, known for manufacturing spacecraft and specialized aerial systems, has about 5200 employees and counts NOAA, Pentagon, and U.S. intelligence agencies as key customers. The sale is aimed at helping Ball Corp. trim its nearly $10 billion in debt.
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Keywords: breaking news: technology, business, business news, technology, aerospace and defense industry, breaking news: business, transportation, space industry, ball corp, the edge,
Source: https://www.cnbc.com/2023/08/17/bae-buys-ball-aerospace-for-5point6-billion.html