{"id":8272,"date":"2023-08-19T00:16:09","date_gmt":"2023-08-18T16:16:09","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/bae-systems-signs-agreement-to-acquire-ball-aerospace-for-5-5-billion\/"},"modified":"2023-08-19T00:16:09","modified_gmt":"2023-08-18T16:16:09","slug":"bae-systems-signs-agreement-to-acquire-ball-aerospace-for-5-5-billion","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/bae-systems-signs-agreement-to-acquire-ball-aerospace-for-5-5-billion\/","title":{"rendered":"BAE Systems Signs Agreement to Acquire Ball Aerospace for $5.5 Billion"},"content":{"rendered":"<p style=\"text-align: center;\" itemprop=\"image\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/ImageObject\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.satnow.com\/news\/bae_C_638279342618451971.jpg\" width=\"712\" height=\"377\" alt=\"BAE Systems Signs Agreement to Acquire Ball Aerospace for $5.5 Billion\" class=\"imageload removeImageattr\" data-original=\"https:\/\/cdn.satnow.com\/news\/bae_C_638279342618451971.jpg\" style=\"\"><meta itemprop=\"url\" content=\"https:\/\/cdn.satnow.com\/news\/bae_C_638279342618451971.jpg\"><meta itemprop=\"width\" content=\"712\"><meta itemprop=\"height\" content=\"377\"><\/p>\n<p>BAE Systems announced a definitive agreement for the proposed acquisition of Ball Aerospace for approximately $5.55 billion. The Ball Aerospace legacy of achieving advances in national security space architecture, mission-enabling technologies, and scientific discoveries is complementary to BAE Systems\u2019 portfolio and culture.&nbsp;<\/p>\n<p>The proposed acquisition of Ball Aerospace represents an exceptional opportunity to acquire a high-quality, technology-based business with market-leading space and defense capabilities to solve our customers\u2019 greatest challenges.<\/p>\n<p>\u201cThis marquee acquisition would advance our company\u2019s position in some of the fastest growing segments of the defense market and further increase our alignment with enduring customer priorities in both the U.S. National Defense Strategy and U.S. Intelligence Strategy. Ball Aerospace\u2019s world-class products, capabilities, and deep customer relationships would enhance our existing portfolio in areas including space, C4ISR, and missile systems,\u201d said <strong>Tom Arseneault, President and CEO of BAE Systems, Inc<\/strong>. \u201cWe believe BAE Systems and Ball Aerospace share a culture of mission-driven innovation and operational excellence. We look forward to sustaining the historic legacy of Ball Aerospace and investing in its future.\u201d<\/p>\n<p>Ball Aerospace\u2019s space-related programs account for approximately 70% of its 2023E revenues of $2.2 billion, with the balance attributable to mission-enabling technologies and R&amp;D for the warfighter across land, sea, and air domains. The acquisition of Ball Aerospace would provide a robust platform for accelerating our space strategy.<\/p>\n<p>Ball Aerospace has a long and distinguished track record as a proven partner and pioneering innovator, with expertise in spacecraft, mission payloads, optical systems, conformal antennas, and electronically steered arrays. With trusted customer relationships among the Intelligence Community, the U.S. Department of Defense, and the civilian space market, the Ball Aerospace team supports the delivery of a broad set of products and differentiating technologies to meet growing customer demands.<\/p>\n<p>Our mutual cultures of commitment to the mission and technology-driven innovation would set a solid foundation to serve the combined enterprise and our customers well into the future.<\/p>\n<p>Click here to learn about Star Trackers from Ball Aerospace listed on SATNow.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BAE Systems announced a definitive agreement for the proposed acquisition of Ball Aerospace for approximately $5.55 billion. The Ball Aerospace legacy of achieving advances in national security space architecture, mission-enabling technologies, and scientific discoveries is complementary to BAE Systems\u2019 portfolio and culture.&nbsp; The proposed acquisition of Ball Aerospace represents an exceptional opportunity to acquire a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[83,26,20],"class_list":["post-8272","post","type-post","status-publish","format-standard","hentry","category-news","tag-aerospace-defense","tag-ground","tag-satellite"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/8272"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=8272"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/8272\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=8272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=8272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=8272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}