# UK’s BAE Systems to buy Ball Aerospace for about $5.55 billion
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2023-08-17
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: BAE Systems Acquires Ball Aerospace for $5.55 Billion
Meta Description: BAE Systems to purchase Ball Aerospace from Ball Corp for $5.55 billion in cash, expecting positive impact on earnings and margins post completion.
URL: https://startupobserver.com/uks-bae-systems-to-buy-ball-aerospace-for-about-5-55-billion/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsrmdo0032wirgrt84jr62/images/2023-08-17t061015z1lynxmpej7g06qrtroptp4bae-systems-results-ceo-1737048396686-compressed.jpg)

(Reuters) -British [defence](https://startupobserver.com/aero-parts-supplier-seniors-h1-profit-rises-on-strong-demand/) 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](https://startupobserver.com/blackstone-thomson-reuters-consortium-sells-3-4-billion-lseg-shares-at-discount/) had reported in July that private equity firms Blackstone Inc and Veritas Capital Fund Management were competing against defence companies such as [BAE,](https://startupobserver.com/uk-japanese-italian-partners-agree-next-steps-for-fighter-jet/) General Dynamics Corp and Textron to buy the business.

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


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---