BAE buys Ball Aerospace for $5.5bn

by | Aug 17, 2023

(Sharecast News) – BAE Systems on Thursday said it had bought Ball Corporation’s aerospace business $5.55bn in cash.

Ball Aerospace makes spacecraft, mission payloads, optical systems, and antenna systems, serving the intelligence community, US Department of Defense, and civilian space agencies, BAE said in a statement.

Reporting by Frank Prenesti for Sharecast.com

Related articles

Finsbury Food shares surge on sale to DBAY

Finsbury Food shares surge on sale to DBAY

(Sharecast News) - Shares in Finsbury Food Group surged by a fifth on Wednesday after agreeing to a £143.4m takeover by asset management firm DBAY. Finsbury shareholders will get 110p a share in cash, a premium of 23.6% to the stock's Tuesday closing price of 89p....

DiscoverIE buys Slovakia’s 2J Antennas for £45m

DiscoverIE buys Slovakia’s 2J Antennas for £45m

(Sharecast News) - International customised electronics designer and maker discoverIE Group said it had bought Slovakia-based 2J Antennas Group (2J), for €52.5m (£45m) on a debt free, cash free basis. Founded in 2002, 2J makes high performance antennas for industrial...

Latest Articles

Time for Japan to act (II): State Street Global Markets

Time for Japan to act (II): State Street Global Markets

Written by Michael Metcalfe, Head of Macro Strategy, State Street Global Markets  Writing ahead of the September BoJ gathering in 2022, we argued in Time for Japan to act (first edition!) that the authorities should begin monetary tightening both through moving the...

Europe open: Shares slide on hawkish Fed as eyes turn to BoE

Europe open: Shares slide on hawkish Fed as eyes turn to BoE

(Sharecast News) - European stocks opened in the red on Thursday after hawkish comments from the US Federal Reserve on future rate rises dampened sentiment and investors turned their attention to the Bank of England's own policy meeting. The pan-European Stoxx 600...

Capita signs two new contracts worth £565m

Capita signs two new contracts worth £565m

(Sharecast News) - Outsourcing group Capita said it has signed two new contracts with the UK and Northern Ireland governments worth a combined £565m. Four months after Capita was selected as the preferred bidder, the group has now confirmed it has sealed the deal to...

Rise in UK borrowing limits Hunt’s scope for tax cuts

Rise in UK borrowing limits Hunt’s scope for tax cuts

(Sharecast News) - Britain's budget deficit in August was slightly higher than expected, according to official data published on Thursday, meaning Finance Minister Jeremy Hunt will have less scope for tax cuts ahead of the General Election. Public sector net borrowing...

Join our mailing list

Subscribe to our mailing list to receive regular updates!

No Fields Found.
x