Aerospace Group:

Business/Financial

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

By Cal Biesecker

Wednesday, February 14th, 2024

SHARE:

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…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]