BAE completes acquisition of Ball Aerospace
Posted: Sat, Feb 17, 2024, 10:53 AM ET (1553 GMT)
BAE Systems has secured the regulatory approvals needed to complete its $5.5 billion acquisition of Ball Aerospace. The companies announced this morning that they had secured those approvals after the Justice Department ended its antitrust review early. The companies expect the deal to close in the "coming days" after completing a customary series of final steps. Ball Aerospace will become the Space & Mission Systems operating sector of BAE Systems. Executives with the two companies said they believe the combined company will be able to go after larger business in the space sector.
BAE Systems has secured the regulatory approvals needed to complete its $5.5 billion acquisition of Ball Aerospace. The companies announced this morning that they had secured those approvals after the Justice Department ended its antitrust review early. The companies expect the deal to close in the "coming days" after completing a customary series of final steps. Ball Aerospace will become the Space & Mission Systems operating sector of BAE Systems. Executives with the two companies said they believe the combined company will be able to go after larger business in the space sector.
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