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Business/Financial

BAE Set To Close Ball Aerospace Acquisition After Receipt Of Regulatory Approvals

By Cal Biesecker

Wednesday, February 14th, 2024

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BAE Set To Close Ball Aerospace Acquisition After Receipt Of Regulatory Approvals

Ball Aerospace's SBSS satellite for the Air Force Space Surveillance Network. Photo: Ball Corp.

BAE Systems in the coming days will close its $5.6 billion acquisition of Ball Aerospace after receiving all required regulatory approvals, the company said on Wednesday morning. Ball Aerospace will operate within BAE Systems, Inc., the U.S. business of Britain’s BAE Systems, and will report as a new sector called Space & Mission Systems. Dave Kaufman, the current president of Ball Aerospace, will lead Space & Mission Systems. Ball Aerospace is part of Ball Corp. [BALL]. The pending deal was…

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