UK's BAE Systems will buy Ball Aerospace for $5.6 billion
Image Credit: BAE Systems
UK defense contractor BAE Systems has announced the acquisition of US-based Ball Aerospace in a $5.6 billion deal. It is set to be completed in the first half of 2024. This strategic move is part of BAE's plan to expand its capabilities in spacecraft and missile development, as governments continue to increase weapons spending. The acquisition will be financed through a combination of new external debt and existing cash resources.