BAE Systems completed the acquisition of the aerospace business of Ball for $5.55bn.

BAE Systems, a company that develops, delivers, and supports advanced defense and aerospace systems, completed the acquisition of the aerospace business of Ball, a company that operates in containers and packaging sector, for $5.55bn. “This marquee acquisition would advance our company’s position in some of the fastest growing segments of the defense market and further increase our alignment with enduring customer priorities in both the US National Defense Strategy and US Intelligence Strategy. Ball Aerospace’s world-class products, capabilities and deep customer relationships would enhance our existing portfolio in areas including space, C4ISR and missile systems. We 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,” Tom Arseneault, BAE Systems President and CEO.