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Enhances BAE Methods’ numerous product and repair set to handle elevated U.S. authorities demand for area programs
FALLS CHURCH, Va. — BAE Methods at present introduced a definitive settlement for the proposed acquisition of Ball Aerospace for roughly $5.55 billion. The Ball Aerospace legacy of attaining advances in nationwide safety area structure, mission-enabling applied sciences, and scientific discoveries are complementary to BAE Methods’ portfolio and tradition. The proposed acquisition of Ball Aerospace represents an distinctive alternative to accumulate a top quality, technology-based enterprise with market main area and protection capabilities to unravel our prospects’ best challenges.
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“This marquee acquisition would advance our firm’s place in among the quickest rising segments of the protection market and additional enhance our alignment with enduring buyer priorities in each the U.S. Nationwide Protection Technique and U.S. Intelligence Technique. Ball Aerospace’s world-class merchandise, capabilities and deep buyer relationships would improve our present portfolio in areas together with area, C4ISR and missile programs,” stated Tom Arseneault, President and CEO of BAE Methods, Inc. “We consider BAE Methods and Ball Aerospace share a tradition of mission-driven innovation and operational excellence. We look ahead to sustaining the historic legacy of Ball Aerospace and investing in its future.”
Ball Aerospace’s area associated packages account for roughly 70% of its 2023E revenues of $2.2 billion, with the steadiness attributable to mission-enabling applied sciences and R&D for the warfighter throughout land, sea and air domains. The acquisition of Ball Aerospace would supply a strong platform for accelerating our area technique.
Ball Aerospace has an extended and distinguished observe file as a confirmed accomplice and pioneering innovator, with experience in spacecraft, mission payloads, optical programs, conformal antennas, and electronically steered arrays. With trusted buyer relationships among the many Intelligence Group, U.S. Division of Protection and civilian area market, the Ball Aerospace group helps the supply of a broad set of merchandise and differentiating applied sciences to fulfill rising buyer calls for.
Our mutual cultures of dedication to the mission and know-how pushed innovation would set a stable basis to serve the mixed enterprise and our prospects effectively into the long run.
The proposed transaction is topic to the satisfaction of customary closing situations, together with required regulatory approvals.
View supply model on businesswire.com: https://www.businesswire.com/information/house/20230817412584/en/
Contacts
For extra data, please contact:
Lisa Malloy, BAE Methods
Cell: 571.609.2213
lisa.malloy@baesystems.com
www.baesystems.com/US
@BAESystemsInc
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