# UK’s BAE Systems to buy Ball Aerospace for about $5.55 billion
Published: 2023-08-17
Category: Headlines
Category URL: https://business.express/category/headlines/
Meta Title: BAE Systems Acquires Ball Aerospace for $5.55B
Meta Description: BAE Systems announced an agreement to acquire Ball Aerospace from Ball Corp for $5.55 billion. The deal is expected to boost earnings and margins. Read more on
URL: https://business.express/uks-bae-systems-to-buy-ball-aerospace-for-about-5-55-billion/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsmfaw001wwirgq3ggueqg/images/2023-08-17t061015z1lynxmpej7g06qrtroptp4bae-systems-results-ceo-1737030599717-compressed.jpg)

(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)


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