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BAE Systems Sees Potential Doubling Of Ball Aerospace Sales By 2030, Strong Margin Expansion

Cal Biesecker By
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BAE Systems Sees Potential Doubling Of Ball Aerospace Sales By 2030, Strong Margin Expansion
Ball Aerospace's SBSS satellite for the Air Force Space Surveillance Network. Photo: Ball Corp.

Britain’s BAE Systems plc on Thursday said it has agreed to a acquire Ball Corp.’s [BALL] aerospace unit for $5.6 billion and highlighted the business is forecast to generate $2.2 billion in sales this year and could grow to $4 billion by 2030 due to strong demand in the space, missiles, and munitions markets. Ball Aerospace has nearly doubled its sales the last five years and is expected to grow at around 10 percent annually for the next five years,…

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