BAE Systems has announced a definite agreement for the intended acquisition of Ball Aerospace, with a transaction valued at around $5.55 billion. The esteemed track record of Ball Aerospace in advancing national security space architecture, pioneering mission-focused technologies, and contributing to scientific breakthroughs complements the portfolio and ethos of BAE Systems. The proposed purchase of Ball Aerospace presents a remarkable opportunity to obtain a high-caliber, technology-driven enterprise possessing leading-edge capabilities in the space and defense sectors, geared towards addressing the most significant challenges faced by our clients.

Tom Arseneault, President and CEO of BAE Systems, Inc., commented, “This significant acquisition would propel our company's position in rapidly expanding segments of the defense market and further align us with the enduring priorities of our customers as outlined in the U.S. National Defense Strategy and U.S. Intelligence Strategy. The exceptional products, capabilities, and strong customer relationships of Ball Aerospace would augment our existing portfolio in critical domains such as space, C4ISR, and missile systems. We see a shared ethos of innovation driven by purpose and operational excellence between BAE Systems and Ball Aerospace. We eagerly anticipate upholding Ball Aerospace's illustrious legacy while investing in its future."

Ball Aerospace's space-related endeavors contribute to approximately 70% of its projected 2023 revenues of $2.2 billion, with the remaining portion attributed to mission-enabling technologies and research and development efforts catering to land, sea, and air domains. Acquiring Ball Aerospace would establish a robust foundation for accelerating our strategic initiatives in the space domain.

Ball Aerospace boasts a long-standing reputation as a proven collaborator and trailblazing innovator, specializing in spacecraft, mission payloads, optical systems, conformal antennas, and electronically steered arrays. With established partnerships within the Intelligence Community, U.S. Department of Defense, and the civilian space market, the team at Ball Aerospace is equipped to deliver a wide array of products and distinctive technologies to meet the growing demands of customers.

Our shared commitment to mission success and innovation rooted in technology would provide a solid bedrock for the unified entity to serve our customers effectively well into the future.

Source:businesswire.com