# UK’s BAE Systems to buy Ball Aerospace for about $5.55 billion
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-08-17
Category: Uncategorized
Category URL: https://financedigest.com/category/uncategorized
Meta Title: BAE Systems acquires Ball Aerospace for $5.55 billion
Meta Description: Discover how BAE Systems' acquisition of Ball Aerospace for $5.55 billion is set to boost its earnings and margins, as reported by Reuters.
URL: https://financedigest.com/uks-bae-systems-to-buy-ball-aerospace-for-about-5-55-billionhtml

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# UK’s BAE Systems to buy Ball Aerospace for about $5.55 billion

(Reuters) -British defence group BAE Systems said on Thursday it agreed to buy Ball Aerospace business from Ball Corp for about $5.55 billion in cash.

BAE said it expected the deal to add to its earnings per share and margins in the first year post completion.

Reuters had reported in July that private equity firms Blackstone Inc and Veritas Capital Fund Management were competing against defence companies such as BAE, General Dynamics Corp and Textron to buy the business.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-Phillips and Subhranshu Sahu)


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