Advancing UK Aerospace, Defence, Security & Space Solutions Worldwide
  • Home
  • /
  • Defence
  • /
  • BAE Systems to complete acquisition of Ball Aerospace

Defence Space

BAE Systems to complete acquisition of Ball Aerospace

Further to the announcement of 17th August 2023, BAE Systems has now received the necessary regulatory approvals and will be executing steps in the coming days to complete the acquisition of Ball Aerospace from Ball Corporation.

Above: ROMAN EWA - Nancy Grace Roman Space Telescope.
Courtesy BAE Systems / Ball Aerospace

The final transaction is expected to close at a purchase price of $5.5 billion (approximately £4.4 billion), which will be funded through existing cash and new external debt. The transaction will be treated as an asset purchase for federal tax purposes, with an expected net present value tax benefit of c.$750m making the underlying economic consideration for the business c.$4.8bn.
 
Ball Aerospace a provider of spacecraft, mission payloads and optical and antenna systems with decades of proven success underpinned by advanced technologies. The business has trusted customer relationships in the Intelligence Community, US Department of Defense, civilian space agencies and with major aerospace and defence primes. It is well positioned in markets such as military and civil space, C4ISR and missiles and munitions. Based in Colorado, it has over 5,200 employees, many with US security clearances.
 
BAE Systems and Ball Corporation will be executing the plan to complete the acquisition in the coming days. The newly acquired business will be called Space & Mission Systems and will map within the Electronic Systems reporting segment. BAE Systems shall provide 2024 Group guidance at its preliminary results on 21st February 2024 incorporating the acquisition.
 
Charles Woodburn, Chief Executive of BAE Systems, said: "In recent years, we’ve said that we would seek out opportunities to grow our portfolio in advanced technology areas that meet our customers’ most urgent needs and completing the acquisition of Ball Aerospace is an example of that strategy in action.

Advertisement
Marshall RT

"We look forward to welcoming the employees of Ball Aerospace to BAE Systems, bringing one of industry’s most respected and capable businesses into the Group. The addition of this quality, fast-growing technology-focused business will significantly expand our presence in this increasingly critical space domain and further enhances our value compounding model of top line growth, margin expansion and high cash generation."

 

 

Advertisement
Marshall RT

 

 


 

Advertisement
Advanced Navigation LB 1
BAE Systems selects HDUSA to modernise Radford Army Ammunition Plant

Defence

BAE Systems selects HDUSA to modernise Radford Army Ammunition Plant

22 April 2024

BAE Systems Ordnance Systems Inc. (OSI) has selected Hanwha Defense USA (HDUSA), the US defence subsidiary of Hanwha Aerospace in South Korea, to modernise an existing production building at the Radford Army Ammunition Plant, Virginia, USA.

James Fisher & Sons strengthens defence presence in Barrow-in-Furness

Defence

James Fisher & Sons strengthens defence presence in Barrow-in-Furness

22 April 2024

James Fisher & Sons plc has further strengthened its 177 year commitment to Barrow-in-Furness through a dedicated defence presence within its company headquarters.

NP Aerospace progresses Raytheon HELWS on Wolfhound

Defence

NP Aerospace progresses Raytheon HELWS on Wolfhound

19 April 2024

NP Aerospace has announced it is one of the key partners on the UK MoD’s Laser Directed Energy Weapon Land Demonstrator programme working with Raytheon UK to progress integration of Raytheon’s High-Energy Laser Weapon System (HELWS) onto the Wolfhound vehicle.

Roke opens Gloucester office

Aerospace Defence Security

Roke opens Gloucester office

19 April 2024

Romsey headquartered technology company Roke, has today officially opened its new bespoke office space in Gloucester, as it focuses on further expansion, innovation and technological growth in the area and for the UK.

Advertisement
ODU RT 2
Challenger 3 tanks roll off the production lines

Defence

Challenger 3 tanks roll off the production lines

19 April 2024

British Army soldiers are a step closer to getting their hands on one of Europe’s most lethal tanks – the Challenger 3.

UK MoD orders more H145s

Defence

UK MoD orders more H145s

19 April 2024

The UK Ministry of Defence (MoD) has ordered a further six Airbus H145 helicopters, which will be deployed to Cyprus primarily for emergency response duties and to Brunei to support UK military training in jungle warfare and will replace Airbus Pumas currently performing those roles.

Advertisement
ODU RT 2