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As a wholly-owned subsidiary of the Ball Corporation, Ball Aerospace was cited in 2023 [3] as the 54th largest defense contractor in the world. [4] Both parent and subsidiary headquarters are co-located in Broomfield, Colorado. In August 2023, Ball Corporation agreed to divest Ball Aerospace to BAE Systems Inc. for $5.6 billion in cash. [5]
In August 2023 BAE agreed to acquire the aerospace division of US-based Ball Corporation for $5.6 billion in cash (approximately £4.5 billion); this was BAE's largest acquisition up until that point and was completed on 16 February 2024.
In 2024, Ball Corporation left the aerospace business after selling Ball Aerospace to BAE Systems Inc. for $5.6 billion in cash. The move was strategic in allowing Ball to increase its focus on “low-carbon, best-value aluminum packaging initiatives”, said CEO Dan Fisher at the time.
This is actually a three-way deal with U.K-based BAE Systems -- another global defense, security and aerospace company -- buying L-1's government security consulting services for nearly $296 ...
BAE Systems PLC (BAESY), the world's second-largest defense company by revenue, has put units of its North American commercial aerospace business up for sale, an auction that could net up to $2 ...
British defense company BAE Systems (BAESY) hired two banks to sell its U.S. component manufacturing businesses. The company confirmed Monday that it had hired Wells Fargo (WFC) and JP Morgan (JPM ...
BAE Systems Inc. (formerly BAE Systems North America) is an American subsidiary of British multinational defense, security, and aerospace company BAE Systems plc.The American subsidiary operates under a Special Security Agreement which allows it to work on some of the most sensitive United States defense programs despite its foreign ownership. [2]
[55] BAe Corporate Jets and Arkansas Aerospace were sold to Raytheon in 1993. In 1994, the Rover Group was sold to BMW and British Aerospace Space Systems was sold to Matra Marconi Space. In 1998, BAe's shareholding of Orange plc was reduced to 5%. [49] The Orange shareholding was a legacy of the 30% stake in Hutchison Telecommunications (UK) Ltd.